Malaysia legislation
Section 20
of LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) (NO. 2) ACT 2024
Section 20
The principal Act is amended by substituting for section 23
the following section:
Quoted provision
Section 23
(a)
fails to furnish the correct particulars as required by the Director General under paragraph 5(3)(b)
or 10(3)(b);
(b)
fails to comply with a notice given under section 22b, 22c or subsection 22d(5); or
(c)
contravenes section 22eb, shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than twenty thousand ringgit and not exceeding one million ringgit or to imprisonment for a term not exceeding two years or to both.
Labuan Business Activity Tax (Amendment) (No. 2)
(2)
Where a person has been convicted of an offence under subsection (1), the court may make a further order that the person shall comply with the relevant provision of this Act under which the offence has been committed within thirty days, or such other period as the court deems fit, from the date the order is made.”.
New sections 23a, 23b and 23c