STAMP DUTY (EXEMPTION) ORDER 2000


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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