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Protected Cell Companies: Which is the taxable person?
Labuan IBFC Inc. is pleased to announce that we have received confirmation from the Malaysian Inland Revenue Board that a Labuan Protected Cell Company (PCC) is taxed under LBATA as the taxable Labuan entity.
 
This effectively means that the taxable person in a PCC is NOT each cell established under the PCC but the PCC itself. This translates to a 3% tax on audited net profits of the PCC or upon election, a maximum tax liability of MYR20,000.00 (approximately USD 6,530.00) for the PCC regardless of the number of cells or their profits in the cells within the said PCC.

For further information or clarification please call Labuan IBFC Infoline at +603-27802180 (GMT+8). 
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