Malaysia published the Labuan Business Activity Tax (Country-By-Country Reporting) Regulations 2017 and the Income Tax (Country-By-Country Reporting) (Amendment) Rules 2017 in the Official Gazette on 26 and 27 December 2017, respectively.
The Labuan CbC Regulations essentially provide for the application of Malaysia's CbC reporting requirements in the federal territory of Labuan in the same way the requirements apply for the rest of Malaysia. This includes that the CbC reporting applies f…