The Finance Act 2018 incorporating the removal of ceiling tax of MYR 20,000 has been gazetted with effective 01 January 2019. Going forward all Labuan Trading Company will be taxed at 3% of Audited Net…More
The Impact to Labuan Leasing Company of the new Malaysia Finance Bill 2018 passed on 10 December 2018 The amended Finance Bill 2018 passed by the Dewan Rakyat on 10 December 2018 prescribe that a…More
The new Malaysia Finance Bill 2018 passed on 10 December 2018 now removes the reference to a 97% deduction limitation of the expenditure incurred by Malaysian residents in relation to payments to Labuan company. On…More
We would like to examine the Impact of the Proposed New Labuan Tax measure that allows a Labuan Company to transact with Malaysia Resident but with limited to 3% of the allowable expenditure. To recap…More
The Inland Revenue Board of Malaysia or the Lembaga Hasil Dalam Negeri has issued many tax incentives for Labuan Companies. We explore some of these Income Tax Exemption Orders. 1. Income Tax (Exemption) (No.2) Order…More
On Friday, 02 November 2018 during the 2019 Budget delivered by the Minister of Finance Mr Lim Guan Eng in the Malaysia Parliament titled “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society” it was…More
If you’re thinking of setting up a company and you’re looking for somewhere to incorporate your business and manage your wealth, there is a place where doing business can save you enormous amounts on company…More