Veerinder on Taxation (5th Edition)

Veerinder on Taxation, 5th Edition provides in-depth coverage of Malaysia’s tax laws in terms of the technical provisions, tax authorities’ practices and guidelines, as well as administrative aspects related to the tax system. This book aims to equip readers with a firm grasp of the principles of Malaysian taxation which they can apply in their work environment.

This latest edition includes all the significant developments since the publication of the previous edition, including those announced in the Finance Act 2018 and Income Tax (Amendment) Act 2018. It contains many practical examples, illustrations and case law that will be useful to both tax practitioners and students to enhance understanding and application of key tax concepts and principles.

Each chapter provides readers with an overview of the Malaysian tax legislation, followed by a discussion on the fundamentals of taxation in Malaysia.

Key features include:

• Provides a comprehensive coverage of Malaysian taxation in terms of the technical provisions, tax authorities’ practices and guidelines, as well as administrative aspects related to the tax system.
• Discussion of the basic principles and practice of Malaysian tax is carried out with reference to case law decisions, where relevant.

Key benefits include:

• Completely up-to-date reflecting the law in effect at 24 June 2019.
• Readers are guided with concise, practical explanation of the income tax laws, including legislative changes, gazette orders, rules and public rulings, and case judgements.
• User friendly format helps readers easily find the answers to their tax questions.
• Extensive cross-referencing, index and finding aids speed up research.
• Provides easy access to current and convenient tax rates and tables.

Contents includes:

1. Tax Policy, Tax Systems, Revenue Law and Interpretation of Statutes

2. The Malaysian Taxation System: An Overview

3. The Income Tax Structure

4. Tax Administration

5. The Charge to Income Tax

6. Business Income

7. Employment Income

8. Other Sources of Income

9. Exempt Income

10. Deductible Expenses

11. Relief on Capital Expenditure

12. Personal Reliefs and Rebates

13. Partnerships

14. Tax Computations and Tax Audits

15. Real Property Gains Tax

16. Tax Planning, Avoidance, Losses and Current Developments