KUALA LUMPUR – The Inland Revenue Board (LHDN) has announced administrative changes regarding the submission of the 2% tax deduction by companies making payments to resident individual agents, dealers or distributors (ADDs) effective July 2022. In a statement on Saturday (July 9), the agency said payees are required to make a cumulative 2% tax deduction …
The Labuan Business Activity Tax (Exemption) Order 2020 (“Labuan Exemption Order”) has been gazetted on 2 June 2020 to exempt a Labuan entity carrying on a Labuan business activity related to pure equity holding, from complying with the requirement for an adequate number of full time employees in Labuan. The Labuan Exemption Order is deemed …
