Labuan Business Activity Tax Act 1990 s 8
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 8
(1) Notwithstanding sections 4 and 7, where an offshore Absence of company carrying on an offshore business activity which is basis period. an offshore trading activity does not have a basis period for a year of assessment, the offshore company shall be charged for that year of assessment to tax of twenty thousand ringgit.
(2) An offshore company chargeable to tax under subsection (1) for a year of assessment shall, within a period of three months (or any extended period as may be allowed by the Director-General) from the commencement of that year of assessment, file a statutory declaration in the prescribed form with the Director-General.
Malay text (authoritative)
Ketiadaan tempoh asas
Jika suatu entiti Labuan yang menjalankan suatu aktiviti perniagaan Labuan yang adalah aktiviti perdagangan Labuan tidak mempunyai tempoh asas bagi suatu tahun taksiran, Ketua Pengarah boleh mengarahkan tempoh asas bagi tahun taksiran itu dan tahuntahun taksiran berikutnya adalah termasuk suatu tempoh atau tempoh-tempoh (yang boleh menjadi apa-apa tempoh) sebagaimana dinyatakan dalam arahan itu.
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Find Act 445 on lom.agc.gov.my ↗
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).
