Malaysia legislation
Section 10
of LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) (NO. 2) ACT 2024
Section 10
“Filing of return of profits of Labuan entity not charged to tax
(2)
The prescribed form referred to in subsection (1)
shall be furnished to the Director General on an electronic medium or by way of electronic transmission in accordance with section 21c.
(3)
For the purposes of this section, a return of profits for a year of assessment shall—
(a)
specify the net profits as reflected in the audited accounts in respect of such Labuan non-trading activity for the basis period for that year of assessment; and
(b)
contain such particulars as may be required by the
Director General.”.
Substitution of section 11