Advanced Malaysian Taxation - Principles and Practice (2025, 24th Ed)

Advanced Malaysian Taxation – Principles and Practice (2025, 24th Ed.) extensively covers the advanced aspects of income tax, RPGT, tax incentives, double taxation agreements, tax audit and tax investigation, transfer pricing, advance pricing, advance ruling, stamp duty and Labuan. The interpretation of legislation is enhanced by case law principles and legislative evolutions while tax applications have incorporated IRB Public Rulings, Guidelines, practices and procedures.

This edition incorporates Finance Act 2024, Measures for the Collection, Administration and Enforcement of Tax Act 2024, Labuan Business Activity Tax (Amendment)(No. 2) Act 2024, PU(A) Orders and Rules, IRB Public Rulings, Guidelines and Practices issued and landmark cases decided in 2024 and 2025, Transfer Pricing and Advance Pricing Arrangement Guidelines 2024, Tax Investigation Framework 2024, Transfer Pricing Tax Audit Framework 2024, Tax Audit Framework on Income Tax and Employer 2025, Stamp Duty Audit Framework 2025 and Audit Framework for RPGT 2025.

Each chapter outlines the applicable legislation and presents a systematic analysis on its operational mechanisms and computation aspects. Examples are used to highlight contentious issues and flowcharts summarise key concepts. The distinctions between capital and income receipts, special organisation and industries, anti tax avoidance, tax planning and restructuring of companies are in-depth covered with practical applications.

This reference text meets both student needs and professional requirements. It is a must-have text for students pursuing advanced taxation courses in universities and colleges, as well as for candidates preparing for professional examinations. It is an authoritative reference for tax professionals, tax managers, accountants, academics, professionals, business strategists, consultants, and IRB officers seeking guidance on company and personal income taxation, tax strategy, navigating tax audits, tax appeal and tax litigation.

The law is stated as at 1 June 2025.

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Choong Kwai Fatt (Author)

Choong Kwai Fatt, PhD, practises tax law and works as a tax consultant, providing tax and advisory services to companies, non-profit organizations and the government. His expertise in accounting, law, and auditing, combined with his extensive skills and experience as an auditor and tax consultant at PriceWaterhouse Tax Services Sdn Bhd, 19 years as an academic at the University of Malaya and private legal practice, enables him to resolve contentious tax issues with insightful interpretations and applications.

Dr Choong is an advocate and solicitor, a member of the Malaysian Bar, a Fellow of the Association of Chartered Certified Accountants (UK), and a member of both the Malaysian Institute of Certified Public Accountants and the Malaysian Institute of Accountants.

His passion for tax research had led to the publication of Malaysian Taxation – Principles and Practice and Advanced Malaysian Taxation – Principles and Practice, both of which are recognized as authoritative tax references in Malaysia for tax professionals and academics.