LABUAN BUSINESS ACTIVITY TAX ACT 1990

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1 PART I PRELIMINARY-1. Short title and commencement.

2 PART I PRELIMINARY-2. Interpretation.

2A PART I PRELIMINARY-2A. Designated Labuan business activity.

2B PART I PRELIMINARY-2B. Labuan entity.

3 PART II CHARGEABILITY TO TAX Scope of Charge-3. Labuan business activity chargeable to tax.

3A PART II CHARGEABILITY TO TAX Scope of Charge-3A. Labuan business activity chargeable to Income Tax Act 1967 upon election.

3B PART II CHARGEABILITY TO TAX Scope of Charge-3B. Residence.

4 Tax Based on Return-4. Labuan trading activity.

5 Tax Based on Return-5. Filing of statutory declaration and return of profits.

6 Tax Based on Return-6. Assessment and additional assessment.

6A Tax Based on Return-6A. Form and making of assessments.

6B Tax Based on Return-6B. Notice of assessment.

6C Tax Based on Return-6C. Finality of assessment.

6D Tax Based on Return-6D. Right of appeal.

7 Tax Charged upon Election-7. [Deleted]

8 Tax Charged upon Election-8. Absence of basis period.

8A Tax Charged upon Election-8A. Tax rebate.

9 PART III NON-CHARGEABILITY TO TAX-9. Labuan non-trading activity.

10 PART III NON-CHARGEABILITY TO TAX-10. Statutory declaration and return of profits of Labuan non-trading activity.

10A PART III NON-CHARGEABILITY TO TAX-10A. [Deleted]

11 PART IV PAYMENT AND RECOVERY OF TAX-11. Payment of tax.

12 PART IV PAYMENT AND RECOVERY OF TAX-12. Payment of difference and refund.

12A PART IV PAYMENT AND RECOVERY OF TAX-12A. Fund for Tax Refund.

13 PART IV PAYMENT AND RECOVERY OF TAX-13. Notice of demand.

13A PART IV PAYMENT AND RECOVERY OF TAX-13A. Tax due and payable.

13B PART IV PAYMENT AND RECOVERY OF TAX-13B. Tax payable notwithstanding proceedings instituted under any other written law.

14 PART IV PAYMENT AND RECOVERY OF TAX-14. Recovery by suit.

15 PART V RESPONSIBILITY FOR COMPLIANCE-15. Person chargeable.

16 PART V RESPONSIBILITY FOR COMPLIANCE-16. Officers responsible for compliance.

16A PART V RESPONSIBILITY FOR COMPLIANCE-16A. Director's liability.

17 PART VI SUPPLEMENTAL Administration-17. The Director-General.

17A PART VI SUPPLEMENTAL Administration-17A. Power of Director General to issue guidelines.

17B PART VI SUPPLEMENTAL Administration-17B. Advance ruling.

17C PART VI SUPPLEMENTAL Administration-17C. Power to disregard certain transactions.

17D PART VI SUPPLEMENTAL Administration-17D. Power to substitute the price on certain transactions.

18 PART VI SUPPLEMENTAL Administration-18. Delegation of Director-General's functions.

19 PART VI SUPPLEMENTAL Administration-19. Power of Minister to give directions.

20 PART VI SUPPLEMENTAL Administration-20. Return of profits, etc., to be treated as confidential.

21 PART VI SUPPLEMENTAL Administration-21. Power of Minister to make regulations.

21A PART VI SUPPLEMENTAL Administration-21A. Forms.

21B PART VI SUPPLEMENTAL Administration-21B. Admissibility of electronic record.

22 Miscellaneous-22. Power to call for information.

22A Miscellaneous-22A. Disclosure of information in certain circumstances.

22B Miscellaneous-22B. Power to call for specific returns and production of books.

22C Miscellaneous-22C. Power to call for statement of bank accounts, etc.

22D Miscellaneous-22D. Power to access buildings and documents, etc.

22DA Miscellaneous-22DA. Duty to issue electronic invoice.

22E Miscellaneous-22E. Duty to keep documents for ascertaining chargeable profit and tax payable.

22EA Miscellaneous-22EA. Failure to issue electronic invoice.

22F Miscellaneous-22F. Prosecution.

23 Miscellaneous-23. Offences and penalty.

24 Miscellaneous-24. Compounding of offences.

25 Miscellaneous-25. Penalty for false declaration.

26 Miscellaneous-26. Exemption by Minister.

27 Miscellaneous-27. Service of documents.

28 Miscellaneous-28. Procedure where none laid down.

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