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Is a Labuan company required to submit an annual tax return and/or financial statements?

April 26, 2017annual COMPANY financial statements labuan submit tax return

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Is a Labuan company required to submit an annual tax return and/or financial statements?

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All companies in Labuan are not obligated to submit an annual tax return and offshore companies is required to keep a set of accounting records in Labuan. In addition, companies, which elect to pay RM20,000 (US$5,650), are not required to file financial statements.