Malaysia legislation
Section 2
of LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) (NO. 2) ACT 2024
Section 2
The Labuan Business Activity Tax Act 1990 [Act 445], which is referred to as the “principal Act” in this Act, is amended in subsection 2(1)—
(a)
in the definition of “Labuan trading activity”, by deleting the words “, shipping operations”;
(b)
by deleting the definition of “shipping operations”;
(c)
by deleting the definition of “domestic company”;
(d)
by inserting before the definition of “basis period” the following definition:
‘ “assessment” means any assessment or additional assessment made under this Act;’; and
(e)
in the definition of “basis period”, by substituting for the words “immediately preceding” the words “coinciding with”.
Amendment of section 2b