Malaysia legislation
Section 28
of LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) (NO. 2) ACT 2024
Section 28
Year of assessment 2025
(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.
Saving and transitional provision