A preferential tax rate of 3% will apply to the Labuan entity on its net profits from Labuan business activities if it meets the substantial activity requirements, otherwise it will be subject to a tax rate of 24% on its net profits. A Labuan entity can make an irrevocable election to be...
0.5% rate for small employers under the manufacturing sector, mining and quarrying sector. Financial assistance An employer who has paid the levy upon registration is eligible to receiv