20 March, 2018
The Labuan Business Activity Tax (Automatic Exchange of Financial Account Information) Regulations 2018 have been gazetted on 5 February 2018 and are deemed to have come into operation on 1 July 2017.
The newly introduced revised Guidelines on the Establishment and Operations of Labuan Leasing Business took effect on 1 January 2018 except for the substance requirements in the guidelines which are to take effect from 1 January 2019.
Goods and Services Tax (“GST”)
The revised version of the Guide on Accounting Software Enhancement towards GST Compliance (revised as at 5 February 2018) has been published on the Royal Malaysian Customs Department's GST website.
For further information, please contact:
Goh Ka Im, Partner, Shearn Delamore & Co
kgoh@shearndelamore.com
