Commencement of amendments to the Labuan Business Activity Tax Act 1990
s 37
Open ↗(1) Section 38 comes into operation on the coming into operation of this Act. (2) Section 39 comes into operation on 22 October 2016.
Source
Finance Act 2017 ChApTER V — AMENDMENTS TO THE LABUAN BUSINESS ACTIVITY TAX
Amendment of section 2
s 38
Open ↗Section 2 of the Labuan Business Activity Tax Act 1990, which is referred to as the “principal Act” in this Chapter, is amended— (a) in the definition of “Labuan non-trading activity”, by inserting after the words “any other properties” the words “situated in Labuan”; and (b) in the definition of “Labuan business activity”, in proviso (b), by substituting for the word “investments” the word “shares”.
Amendment of section 21
s 39
Open ↗The principal Act is amended by substituting for section 21 the following section: “Power of Minister to make regulations 21. The Minister may make regulations— (a) generally for the purpose of carrying out, or giving effect to, the provisions of this Act; (b) for the purpose of implementing or facilitating the operation of an arrangement having effect under section 132 b of the Income Tax Act 1967 and prescribing penalties for any contravention or failure to comply with any of the provisions of any regulations made under this paragraph.”.
Back to Finance Act 2017 — full text
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
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).
What to look at next
Finance Act 2017, full textChapter navigation and full text, so you can read this section in contextMalaysia legislationMalaysia Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearMalaysia: what this database coversWhich datasets are here, which official source they come from, and how current they areMalaysia overview