Labuan business activity "Labuan business activity" means a Labuan trading or a Labuan non-trading activity carried on in, from or through Labuan in a currency other than Malaysian currency, by a Labuan entity with non-resident or with another Labuan entity: Provided that - (a) in relation to a Labuan entity carrying on any business under Parts VI and VII of the Labuan Financial Services and Securities Act 2010 [Act ] and under Parts VI and VII of the Labuan Islamic Financial Services and Securities Act 2010 [Act ], such activity may be carried on with residents, and where permitted, may be carried on in the Malaysian currency; (b) in relation to the holding of investments by a Labuan entity in a domestic company, such holding may be with residents and in the Malaysian currency; (c) subject to paragraph (f), in relation to the holding of debt obligations by a Labuan entity in a domestic company, such holding may be in the Malaysian currency; (d) in relation to the shipping operations, the operations may be carried out in Labuan or outside Malaysia; (e) subject to paragraph (f), in relation to the carrying on of such activity with the residents under subsection 7(4) of the Labuan Companies Act 1990 [Act 441], such activity may be carriedon in the Malaysian currency; and (f) in relation to the carrying on of any other transactions, such transactions may be carried on with the residents or in the Malaysian currency as approved by the Minister under section 2A of this Act; ACT 445 - LABUAN BUSINESS ACTIVITY TAX ACT 1990 2. Interpretation.
Labuan business activity "Labuan business activity" has the meaning assigned to it in the Labuan Business Activity Tax Act 1990 [Act 445]; ACT 53 - INCOME TAX ACT 1967 2. Interpretation.
Labuan business activity ' "Labuan business activity" has the meaning assigned to it in the Labuan Business Activity Tax Act 1990 [Act 445]; ACT 719 - FINANCE ACT 2011 4. Amendment of section 2.