Section 1
This Act may be cited as the Labuan Business Activity Tax
(Amendment) Act 2017.
/akn/my/act/amendment_act/2017/A1532
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Quick answer
LABUAN BUSINESS ACTIVITY TAX (AMENDMENT) ACT 2017 is Malaysia Amendment Act, cited as Amendment Act A1532 2017, currently marked in force and first recorded in 2017.
Opening note
This Act may be cited as the Labuan Business Activity Tax
(Amendment) Act 2017.
Amendment of section 21
The Labuan Business Activity Tax Act 1990 [Act 445] is amended in section 21—
in the renumbered subsection (1), in paragraph (b), by deleting the words “and prescribing penalties for any contravention or failure to comply with any of the provisions of any regulations made under this paragraph”;
and
LABUAN BUSINESS ACTIVITY TAX
(AMENDMENT) ACT 2017
by inserting after the renumbered subsection (1) the following subsection:
“(2) The regulations made under this section may prescribe a penalty of a fine not exceeding one million ringgit or imprisonment for a term not exceeding two years or both for any contravention or failure to comply with any of the provisions of the regulations.”.
KUALA LUMPUR