Malaysian Taxation Principles and Practice (2024, 30th Edition)

Malaysian Taxation – Principles and Practice (2024, 30th Ed) lucidly explains the conceptual framework on income taxation with illustrative examples on its application, considering the Income Tax Act 1967, Finance (No. 2) Act 2023, PU(A) orders, trite legal principles and IRB Public Rulings.

Real property gains tax, sales tax, service tax, capital gains tax, and low value goods tax are included to make this reference text complete and comprehensive on revenue law.

Business, employment, investment income, the deduction rules, capital allowances, exemptions and reliefs are analysed systematically, supported by tables, flowcharts and examples.

The tax administration on assessment, payment of tax, tax recovery, and penalties and offences are discussed extensively with inclusion of the IRB’s practices and procedures.

The conceptual framework and its working mechanism on RPGT, sales tax and service tax are explained and illustrated with examples. This is an important and essential tax reference source. It strives to provide a practical text to assist students in the learning and mastery of taxation in accounting courses in universities and colleges and for those taking professional exams.

Tax practitioners, auditors, company secretaries, and legal counsels would equally find this reference text indispensable in their practice field.

The law is stated as at 1 April 2024.