HOME SITEMAP CONTACT
GET FREE E-MAIL ALERTS  
 
CTIM Malaysian Tax Portal. All about Tax in Malaysia. Free Updates of Malaysia Tax Developments.
Thursday, 17 April 2014, 06:15 MST
 
 
HEADLINES TODAY
 
HEADLINES THIS WEEK
 
COMPLETE NEWS LIST
 
CTIM WEBSITE
 
MKMS WEBSITE
 
NEWS
LEGISLATION
JUDGMENTS
REGULATORY
EVENTS
BOOKS & ARTICLES
STUDENTS
INDUSTRY UPDATES
LEGISLATION
Labuan Business Activity Tax (Exemption) (No. 2) Order 2013
The Order, which shall have effect from the year of assessment 2013 and subsequent years of assessment, exempts the Labuan International Commodity Trading Company from the provision of subsection 7(1) of the Labuan Business Activity Tax Act 1990. This Order shall not apply to the Labuan International Commodity Trading Company which carries on solely the trading of physical and related derivative instruments of liquefied natural gas, for the first three years of its operation.

Labuan International Commodity Trading Company” means a Labuan company which (a) is incorporated or registered under the Labuan Companies Act 1990, (b) is licensed under section 92 of the Labuan Financial Services and Securities Act 2010, (c) maintains a registered office in Labuan but is allowed to establish its operational office anywhere in Malaysia, and (d) undertakes a qualifying activity under the Global Incentives for Trading programme.

Global Incentives for Trading means a programme of incentives for the Labuan International Commodity Trading Company to use Malaysia as their international trading base to undertake qualifying activity.

Qualifying Activity means the trading of physical and related derivative instruments of (a) petroleum and petroleum-related products including liquefied natural gas; (b) minerals; (c) agriculture products; (d) refined raw materials; (e) chemicals; and (f) base minerals, in any currency other than Ringgit.
[Click here to view the full text]
E-mail this Story
Print this Page
Source : Federal Gazette Portal of the Attorney General's Chambers
Date of  Publication : Thursday, 21 March 2013
Original Title : Labuan Business Activity Tax (Exemption) (No. 2) Order 2013
The above/attached materials are sourced from the website of the official/original source by the Publishers of the CTIM Malaysian Tax portal. You shall not reproduce the above/attached materials in whole or in part without the prior written consent of the original/official source. Neither the Publishers nor the official/original source will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/attached materials. The Publishers also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials.  The access to, and the use of, the CTIM Malaysian Tax portal and contents therein are subject to the Terms of Use.  
 
 
 
MORE LEGISLATION
Audit (Amendment of First Schedule) Order 2014
Goods and Services Tax Bill 2014
Customs (Anti-Dumping Duties) Order 2014
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 3) Order 2014
Loans Guarantee (Bodies Corporate) (Remission of Tax and Stamp Duty) (No. 2) Order 2014
Customs (Anti-Dumping Duties) (Extension of Time) Order 2014
Petroleum (Income Tax) (Accelerated Capital Allowances) (Marginal Field) (Amendment) Rules 2014
Petroleum (Income Tax) (Exemption) (Amendment) Order 2014
Income Tax Act 1967 – Corrigendum
Income Tax (Deduction from Remuneration) (Amendment) Rules 2014
 
© Chartered Tax Institute of Malaysia
About
Terms of Use
Disclaimer
Privacy Policy
RSS Feeds
Sitemap
Resources