Labuan Investment Committee Pronouncement 2-2019

LIC deliberated further on various implementation issues arising from new Labuan tax regime. As part of the pronouncement process, LIC decided on the revisions to the Labuan substantial activity requirements, audit requirement for the Labuan Entities that are dormant, struck off, winding up or under liquidation, applicability of substantial activity requirements on Labuan Entities under-going run-off process and non-compliance of substantial activity requirements. A copy of the LIC Pronouncement 2-2019 is available here.

Leave a Reply

Your email address will not be published. Required fields are marked *