Section 8A
Tax rebate
of Labuan Business Activity Tax Act 1990
ActIn forceProvision 17 of 63
Section 8A
(1)
A rebate shall be granted to a Labuan entity upon tax charged under subsection 2B(1A) or section 4 for each year of assessment for any zakat which is paid in the basis period for that year of assessment to, and evidenced by a receipt issued by, a Labuan Islamic religious authority.
(2)
Where the total amount of the rebate under subsection (1)
exceeds the tax charged (before any such rebate) for any year of assessment, the excess shall not be paid to the Labuan entity or available as a credit to set off his tax liability for that year of assessment or any subsequent year.