Commencement of amendments to the Labuan Business Activity Tax Act 1990
s 44
This Chapter comes into operation on the coming into operation of this Act.
Finance Act 2015 chapter V — AMENDMENTS TO THE LABUAN BUSINESS ACTIVITY TAX ACT 1990
Amendment of section 22
s 45
The Labuan Business Activity Tax Act 1990, which is referred to as the “principal Act” in this Chapter, is amended in subsection 22(1)— (a) by substituting for the word “or” appearing after the words “double taxation arrangements” a comma; and (b) by inserting after the words “tax information exchange arrangements” the words “or mutual administrative assistance arrangement”.
Amendment of section 22a
s 46
Section 22a of the principal Act is amended— (a) in paragraph (1)(a)— (i) by substituting for the word “or” appearing after the words “double taxation arrangements” a comma; and (ii) by inserting after the words “tax information exchange arrangements” the words “or mutual administrative assistance arrangement”; and (b) in subsection (2), by inserting after the definition of “double taxation arrangement” the following definition: ‘ “mutual administrative assistance arrangement” means an arrangement between the Government of Malaysia with the Government of any territory outside Malaysia with a view to the mutual administrative assistance in tax matters which includes simultaneous tax examinations, automatic exchange of information or tax administrations abroad under section 132b of the Income Tax Act 1967;’.
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Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
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