Labuan: P.U.(A) 326/2025 – Labuan Business Activity Tax (Requirements For Labuan International Commodity Trading Company) (Amendment) Regulations 2025

Our Finance Minister II, Datuk Seri Amir Hamzah bin Azizan has on 2nd September 2025 made the gazetted public ruling titling Labuan Business Activity Tax (Requirements for Labuan International Commodity Trading Company) (Amendment) Regulations 2025 (‘the gazetted Public Ruling”).

 

Highlight of the amended regulation 3 of the P.U. (A) 482/2021 are as follow:

 

a) Substitution for the words “full time employees” to “fit and proper full time employees” in paragraph (1)(a), paragraph (2)(a) and sub regulation (3).

 

b) Inserting after sub regulation (3) of the following sub regulation:

  • This regulation prescribes conditions to be met by “fit and proper” full time employees, including:
    1. performance of appropriate work aligned with the Labuan entity’s business activity;
    2. having adequate and appropriate competency and ability to carry out the Labuan entity’s business activity;
    3. absence of personal interests or responsibilities interfering with duties relating to the Labuan entity’s business activity;
    4. employment on a permanent or contractual basis by the Labuan entity; and
    5. physically carrying out work in Labuan.

 

Please read the public rulings – P.U.(A) 326/2025, for full text of the Regulations.

 

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