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Question: How much deduction is possible for residents (including companies) who do business with Labuan companies (entities)?
9-1. About Corporate tax
Answer: Payments from the following residents to Labuan companies are not deductible under the Malaysian Income Tax Act 1967. ・ Interest expense – 33% non-deductible (only 67% is deductible) ・ Lease fee – 33% non-deductible (only 67% is deductible) ・ Other payments – 97% non-deductible (only 3% deductible)
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