This book is intended primarily for readers seeking a concise overview of the key provisions of the Income Tax Act 1967, the Real Property Gains Tax Act 1976, the Sales Tax Act 2018, the Service Tax Act 2018 and the Stamp Act 1949. It will be especially useful for students studying Malaysian taxation at the beginner or intermediate level for professional examinations, including those of the Chartered Tax Institute of Malaysia and the Association of Chartered Certified Accountants.
This book begins with a chapter that provides an overview of Malaysian tax legislation, followed by chapters that explain the fundamentals of Income Tax, Real Property Gains Tax, Sales Tax, Service Tax and Stamp Duty in Malaysia. The book is also comprehensively indexed.
| Chapter | Title |
|---|---|
| 1 | Malaysian Tax Overview |
| 2 | Charge to Income Tax, Total Income & Chargeable Income |
| 3 | Tax Residence |
| 4 | Trading and Business Income |
| 5 | Employment Income |
| 6 | Dividends, Interest, Rent, Royalty & Other Income |
| 7 | Gains or Profits from the Disposal of a Capital Asset |
| 8 | Deductible Expenses |
| 9 | Allowances for Expenditure on Plant & Machinery and Industrial Buildings |
| 10 | Allowances/Deductions for Other Capital Expenditure |
| 11 | Partnerships |
| 12 | Specialised Entities |
| 13 | Withholding Tax |
| 14 | Inland Revenue Administration |
| 15 | Compliance with the Income Tax Act 1967 |
| 16 | Real Property Gains Tax |
| 17 | Sales Tax & Service Tax – Scope & Registration |
| 18 | Sales Tax & Service Tax – Accounting, Returns & Payments |
| 19 | Sales Tax & Service Tax – Exemptions, Refunds & Rulings |
| 20 | Sales Tax & Service Tax – Enforcement, Trials & Proceedings |
| 21 | Sales Tax & Service Tax – General |
About the Author:
The author is a member of the Chartered Tax Institute of Malaysia and was awarded the 2012 Examination Prize for Best Performance in Specialised Industries (the current CTIM syllabus’ Advanced Tax I paper). The author is also a graduate of the Chartered Governance Institute (UK) and is a member of two additional professional bodies relevant to securities trading and fund management.
The author holds an honours degree in applied physics from University College London and is a professional teacher who specialises in corporate finance and taxation at the tertiary level, while also teaching mathematics and physics at the secondary level.
