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Labuan is part of Malaysia and thus, may offer the benefits of Malaysia’s numerous double tax treaties. Whilst some treaty partners from high tax countries had declined to recognise Labuan offshore companies as being entitled to benefit under Malaysia’s tax treaties with them, there are many others that recognise these companies. Asian countries on the whole have accepted Labuan offshore companies as being entitled to the benefits of Malaysia’s double tax treaties with them, largely because they are themselves eager for inward investment. As recently as mid 2008, the new measure introduced that allowed Labuan offshore companies to elect to be taxed under the ITA 1967 Should arguably enable more recognition of Labuan offshore companies by Malaysia’s treaty partners.
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