P.U. (A)
9...............20.1.2000
STAMP DUTY (EXEMPTION) ORDER 2000
IN
exercise of the powers conferred by subsection 80(1) of the Stamp Act 1949 [Act
378], the Minister makes the following order:
Citation
1. This order may be cited
as the Stamp Duty (Exemption) Order 2000.
Interpretation
2. In this Order,
"offshore business activity" and "offshore company" shall
have the meaning assigned to it in the Labuan Offshore Business Activity Tax
Act 1990 [Act 445].
Exemption
3. The instruments set out
in the Schedule are exempted from stamp duty.
SCHEDULE
(1) All instruments which
are executed by an offshore company in connection with an offshore business
activity.
(2) All Memorandum and
Articles of Association of an offshore company.
(3) All instruments of transfer
of shares in an offshore company.
Revocation
4. The Stamp Duty
(Exemption) (No. 22) Order 1995 [P. U. (A) 284/95] published on 10
August 1995 is revoked.
Made
17 January 2000.
[Perb.
(C) 0. 217 9(SJ. 21) Vol. 3(9) ; LHDN. 01/34/42/68-180-1(24/99) ;
PN(PU2)
159/XXII]
On
behalf and in the name of the Minister of Finance,
CHAN KONG CHOY
Deputy Minister of Finance
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