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Further extension of time (EOT) for the submission of tax returns under the Labuan Business Activity Tax Act 1990 (LBATA) for YA 2022
The IRB’s Labuan Branch has issued a letter dated 17 August 2022 to the Association of Labuan Trust Companies (ALTC) to confirm that Labuan entities will be granted an automatic further EOT until 31 October 2022 (previously 30 August 2022) to submit their tax returns (under Sections 5 and 10 of the LBATA) for YA 2022 (based on the financial year ended in 2021).