https://www.taxtmi.com/acts?id=17131 The Protocol clarifies that the DTAA's residence test does not exclude residents using a territorial taxation principle; that "may be taxed in the other State" does not prevent residence State taxation; and that persons entitled to Labuan Business Activity Tax Act benefits are excluded from treaty benefits unless a Labuan company elects to be taxed under Malaysia's Income Tax Act. Malaysia will provide under Exchange of Information details on Labuan beneficiaries, with "information" including documents and certified copies, and the Parties will consult to add Assistance in Collection and Tax Examination Abroad if Malaysia amends domestic law. en-us Thu, 31 Jan 2013 16:54:27 +0530 Tue, 10 Dec 2024 16:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17131 The Protocol clarifies that the DTAA's residence test does not exclude residents using a territorial taxation principle; that "may be taxed in the other State" does not prevent residence State taxation; and that persons entitled to Labuan Business Activity Tax Act benefits are excluded from treaty benefits unless a Labuan company elects to be taxed under Malaysia's Income Tax Act. Malaysia will provide under Exchange of Information details on Labuan beneficiaries, with "information" including documents and certified copies, and the Parties will consult to add Assistance in Collection and Tax Examination Abroad if Malaysia amends domestic law. Act-Rules DTAA Thu, 31 Jan 2013 16:54:27 +0530 https://www.taxtmi.com/acts?id=17131