Effective from 1 January 2019, substance activity requirements have been introduced under the Labuan Business Activity Tax Act 2018 where the scoped-in Labuan entities would need to have an operational office (i.e. physical office and full-time employees) in Labuan to enjoy the LBATA’s preferential tax treatment, e.g. tax rate of 3%.
At Etiqa, we will offer you the right workspaces to fulfil this substance requirement. Your workspace will be located in the Labuan Financial Park Complex, the most iconic commercial landmark in Labuan consisting of retail outlets, restaurants, government offices, such as the Immigration and Inland Revenue Board, corporate offices, and a mixture of many local and international banks.
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