Labuan company that engages in a qualifying activity under the Global Incentives for Trading program

1. On 23 November 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 11) Order 2021 [P.U. (A) 425]. 2. This Order is deemed to have come into operation on 1 January 2019. 3. Subsubparagraphs 3(1)(a) and […]