100 Ways to Save Tax for Malaysian Investors is written specifically to help Malaysians understand the way tax applies to different kinds of investment and how it can impact on the investor. It is designed to inform and educate not only the individual investor but also companies and other bodies in the private sector, including their directors, managers and owners as well as investment advisers and managers and other professional advisers, such as accountants and lawyers. The main focus is on investment in Malaysia by Malaysians but the book also covers the tax implications of investment overseas including investment in Labuan as well as investment by non-residents and by successful applicants under the Malaysia My Second Home programme

100 Ways to Save Tax in Malaysia for Individuals has been crafted to help ordinary Malaysians who want to understand more about income tax and the tax-saving ideas that they can use to reduce their tax burden, whilst keeping within the law. The book will show you how to plan your tax affairs and to strategise to make the most of the deductions, reliefs, rebates and tax exemptions that are available to you as an individual. Husbands and wives will receive guidance on how to plan their financial affairs in tax-efficient ways so as to build adequate savings to provide for their children’s education and their own retirement. Learn also about the workings of the self-assessment system including monthly tax deductions and how the well-informed can use their knowledge to optimise their financial resources.

Individuals who want to stay in control of their tax affairs will appreciate the fact that tax planning is not just a once-a-year chore. This book should prove helpful not only for tax filing but for forward tax planning. Whether you are a Malaysian citizen or resident, a permanent resident, a returning expert or a person enjoying MM2H status, there is something of interest for you in this popular work. Employees, company directors, retirees and persons engaged in business or a profession, either individually or as a partner – in fact, any individual who is or is potentially a Malaysian taxpayer, can benefit from the wealth of ideas presented in this book with its easy to read yet informative style, clear examples and comprehensive index. Specially tailored for you – the individual taxpayer – this book builds on the pedigree of successful editions of the highly acclaimed 100 Ways to Save Tax in Malaysia series.

Highlights of new material covered in this edition:

• Reductions in tax rates ranging from 1% to 3% for all taxpayers from 2015 onwards.
• Operation of monthly tax deductions at source (MTD) as final tax.
• Increased reliefs for medical expenses for serious diseases and basic supporting equipment.
• Tax deducted at source from withdrawal of contributions to deferred annuity or private retirement schemes.
• New Inland Revenue Board Public Rulings.
• Revised and improved worked examples.

Authors: Irsyad Tariq, S. Saravana Kumar
Publication Date: December 2024
ISBN: 9789672875345 
Format: Paperback
Country: Malaysia

“…Through this book, the authors, Mr Irsyad Tariq and Mr S. Saravana Kumar, seek to explore the intricate relationship between tax policy, ethical considerations, and their implications for businesses and individuals within the Malaysian context. I wish to congratulate them on this endeavour as this book is the first of its kind in Malaysia and this region…It is my sincere hope that this book will stimulate thoughtful dialogue among practitioners, scholars and policymakers, ultimately contributing to a more equitable and transparent tax environment.
 I hope the efforts of the authors in writing this book will assist us in navigating the complexities of taxation and ethics, striving for a future where fiscal responsibilities align with our moral obligations…”
– From the Foreword by Prime Minister of Malaysia “YAB Dato’ Seri Anwar Ibrahim”.

“…This book, ‘‘Taxation and Ethics in Malaysia’’, offers a timely and thorough analysis of the ethical considerations surrounding the Malaysian taxation system. It explores the historical, current, and future dynamics of taxation while examining the legal and regulatory frameworks that govern tax compliance and the tax appeal process. The book addresses several significant topics, including the perspectives of the Judiciary in tax cases and the complex ethical dilemmas faced by taxpayers, tax authorities and policymakers. Besides, it analyses the ethical and moral dimensions of tax compliance, avoidance, and evasion. It also highlights the essential role of tax administration in effectively managing tax collection and fostering an environment characterised by trust, compliance, and accountability.
I commend the authors for their meticulous research and erudite analysis. This book is a valuable resource for policymakers, tax authorities, taxpayers, academics, and anyone interested in the intersection of law, ethics, and economics. By fostering a deeper understanding of the ethical implications of taxation, this book can help to promote a more just and equitable tax system…”
– From the Foreword by Chief Justice of Malaysia “Tun Tengku Maimun Tuan Mat”.