News

Flowchart on ESR for Labuan Entities

April 1, 2020


NOTICE FOR LABUAN ENTITIES

March 26, 2020

Our Ref: HMRKLB00420FURTHER UPDATE ON ECONOMIC SUBSTANCE REQUIREMENTS FOR LABUAN ENTITIESThere was a townhall meeting organised by the industry’s stakeholders in Labuan on Wednesday 4th March 2020. Representatives from the Ministry of Finance...


NOTICE FOR LABUAN ENTITIES

December 26, 2019

Our Ref: HMRKLB00319AN UPDATE WITH REVISED SUBSTANCE ECONOMIC SUBSTANCE REQUIREMENTS FOR CERTAIN LABUAN ENTITIES THAT ARE IN SCOPEFollowing our recent Notice[1] in connection with the update on the ESR pursuant to Labuan Business Activity Tax...


NOTICE FOR LABUAN ENTITIES

December 19, 2019

Our Ref: HMRKLB00219AN UPDATE AND DEADLINE ON ECONOMIC SUBSTANCE REQUIREMENTS FOR LABUAN ENTITIESThe purpose of this Notice is to update you on matters in connection with the changes to the Labuan Business Activity Tax Act 1990 (‘LBATA”) and ...


OUR THOUGHTS ON THE LABUAN'S REVAMPED TAX FRAMEWORK AND SUBSTANCE REQUIREMENTS

April 25, 2019

When it comes to choosing the right jurisdiction for your “offshore company”, for some reason Labuan may not be at the top of your list. Either the costs are dearer compared to other well-known jurisdictions that offer very reasonable pricing...


NOTICE FOR LABUAN ENTITIES

January 11, 2019

MALAYSIA REVISES LABUAN’S CORPORATE TAX LAW AND ABOLISHES THE RM20,000 FLAT TAX RATEThe purpose of this Notice is to inform you of the amendments to the Labuan Business Activity Act 1990 (“LBATA”), gazetted under the Finance Act 2018, which c...