Malaysia legislation
Section 1
of LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) (NO. 2) ACT 2024
Section 1
(2)
Paragraphs 2(a), 2(b), 2(c), 2(d), 3(a) and 3(b), and sections 13, 14, 15, 16, 18, 20, 21, 22, 23, 24, 25, 26, 27, 28
and 29 come into operation on 1 January 2025.
(3)
Paragraph 2(e) comes into operation on 1 January 2025 and the definition of “basis period” in subsection 2(1) as amended by that paragraph shall have effect for the year of assessment 2025
in respect of the basis period ending in the year 2025 and subsequent years of assessment.
(4)
Paragraphs 3(c) and (d), and sections 4, 5, 6, 7, 8, 9, 10,
11, 12, 17 and 19 have effect for the year of assessment 2025 in respect of the basis period ending in the year 2025 and subsequent years of assessment.
LABUAN BUSINESS ACTIVITY TAX (AMENDMENT)
(NO. 2) ACT 2024
Amendment of section 2