Tax Planning For Businesses In Malaysia

Businesses in Malaysia have seen a steady tightening of the rules enforcing selfassessment such as the refusal of a tax deduction for an expense where information is not provided within the time allowed; and the denial of the right to appeal against a deemed assessment unless the taxpayer’s grievance is due to his deliberate non-compliance with a public ruling or a practice of the Inland Revenue Board generally prevailing at the time. Also, new laws are made every year and existing laws get reinterpreted through appeal decisions and rulings, presenting tax practitioners and advisers with a constant challenge to keep up to date. These and other significant changes are explained in this book.