On 2 December 2019, Malaysia's House of Representatives passed the Labuan Business Activity Tax (Amendment) Bill 2019, which now goes to the Senate. The bill includes several amendments to that Labuan Business Activity Tax Act 1990, including: The introduction of the provision that a Labuan entity carrying on a Labuan business activity is to be charged at the rate of 24% upon its chargeable profits if it fails to comply with substantial activity requirements for a year of assessment; The introduction of new residence provisions for the purpose of double taxation agreements, including that: a Labuan entity carrying on a...