Section 6
Beneficiaries under Labuan foundation
of Labuan Foundations Act 2010
ActIn forceProvision 6 of 117
Section 6
(1)
The beneficiaries of a Labuan foundation may be a resident or a non-resident.
(2)
Where the property of a Labuan foundation include Malaysian property, the Income Tax Act 1967 [Act 53] shall be applicable to any income derived therefrom.
(3)
The income derived from any property which is not
Malaysian property is subject to the Labuan Business Activity
Tax Act 1990 [Act 445].