Malaysia Hotline: +603- 2141 8908
Tax System for Labuan Entities
The Labuan Offshore Business
Activity Tax Act 1990 (as amended in 2004) provides for the reduction or
complete exemption of income tax in respect of certain business activities
carried on by offshore companies in Labuan.
- Chargeable profits derived by an
offshore company from an offshore trading activity are subject to tax at a rate
of 3%.
- Alternatively, an
offshore company which carries on an offshore trading activity may, within
three months from the commencement of any calendar year, elect to be charged to
tax of M$20,000 for that year of assessment.
- An offshore company
which carries on an offshore non-trading activity is exempt from income tax
altogether.
The Income Tax Act 1967 applies to
any activity other than offshore business activity carried on by an offshore
company, ie they pay normal taxes.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my