Malaysia legislation

Section 16

of *LABUAN BUSINESS ACTIVITY TAX ACT 1990

Section 16

Officers responsible for compliance

Responsibility for doing all acts and matters required to be done by or on behalf of a Labuan entity for the purposes of this Act shall lie jointly and severally with—

(a)

the manager or other principal officer in Malaysia;

(b)

the resident director as provided in the Labuan Companies

Act 1990;

(c)

the secretary;

(d)

in the case of a trust, the trustee or trustees;

Labuan Business Activity Tax 25

(e)

any person (however styled) performing the functions of any of the persons mentioned in the foregoing paragraphs;

(f)

in the case of a company under liquidation or receivership, the liquidator or receiver, as the case may be;

(g)

in the case of a partnership, the partner or partners;

(h)

in the case of a Labuan limited partnership established under the Labuan Limited Partnerships and Limited Liability

Partnerships Act 2010 [Act 707] or a Labuan Islamic limited partnership established under Part X of the Labuan Islamic

Financial Services and Securities Act 2010, the general partner or partners;

(i)

in the case of a Labuan limited liability partnership established under the Labuan Limited Partnerships and

Limited Liability Partnerships Act 2010 or a Labuan Islamic limited liability partnership established under Part X of the

Labuan Islamic Financial Services and Securities Act 2010, the designated partner or partners; and

(j)

in the case of a Labuan foundation, its officer or officers.

Director’s liability

Read in full context — *LABUAN BUSINESS ACTIVITY TAX ACT 1990 →