Section 28
Year of assessment 2025
of Labuan Business Activity Tax (Amendment) (No. 2) Act 2024
Amendment ActIn forceProvision 28 of 29
Section 28
(1)
In the year 2025, there shall be two years of assessment namely—
(a)
the year of assessment 2025 in respect of the basis period ending in the year 2024 (preceding year basis); and
(b)
the year of assessment 2025 in respect of the basis period ending in the year 2025 (current year basis).
(2)
The year of assessment 2025 on current year basis shall be a separate year of assessment which follows the year of assessment 2025 on preceding year basis.