You and the acquirer of the chargeable assets are required to file the tax within 60 days from the
date of disposal. The acquirer will pay part of the purchase consideration which will be deducted
from the RPGT payable. After filling the tax, an assessment notice will be issued for taxable cases;
for non-taxable cases, a certificate of non-chargeability will be issued instead. You are then required
to pay the RPGT payable within 30 days from the date the assessment notice is issued.
Besides the taxes stated above, there are customs duty, excise duty, property taxes (cukai tanah and
cukai pintu) and other taxes which might be applicable to your company according to industry and
nature of business. Besides, please bear in mind that Labuan has a different tax regulation than
other States in Malaysia. Fulfilling this obligation as a company should not be an obstacle that
hinders your business growth or operations. Hence, understanding the taxes at the early stage of
your business ensures full compliance with the tax law and regulations.
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