Malaysian taxation 1

There are only two history of Malaysia Taxation are Income Tax Ordinance 1947 and Sarawak Inland Revenue Ordinance 1960.

• True

• False

Self assessment system is an approach whereby taxpayers are required to determine:

• their taxable income

• report income

• company 's income

Government authorities generally impose two broad types of taxes,namely direct tax and indirect tax.

• True

• False

A non-resident individual will only be chargeable to tax on income derived from Malaysia. This is called a...........

• world scope basis

• territorial basis

• formal basis

• exempted basis

What is the capital city of Cambodia?

• Vientiane

• Kuala Lumpur

• Manila

• Phnom Penh

The flag of……………….

• Laos

• Singapore

• Philippines

• Brunei Darussalam

What Country does this flag belong to?

• Portugal

• UK

• America

• Spain

The advantages of resident status in Malaysia except:

• Personal relief

• Tax rebate

• Flat rate of 28%

Resident status of an individual based on section 7 ITA 1967

• True

• False

There are 5 subsection under section 7 ITA 1967

• True

• False