INTRODUCTION TO TAX

indirect tax are imposed on......... whereas the direct tax are imposed on ............

• goods and person , service

• goods and service, person

• person and service, goods

• no correct answers

........ is not direct tax

• wealth tax

• income tax

• sales tax

• capital gains tax

The objectives of taxation are........except?

• raise resources for the state

• reduce inequalities

• accelerate economic development

• decrease the unemployment rate

The Inland Revenue Board is the ....... responsible for direct taxes such as the individual and company taxation

these are the acts that need to be followed when implying taxes except

• stamp act 1949

• income tax act 1967

• real property gain tax act 1976

• inbound sales act 1983

which of the following is not the scope of charge of tax imposed

• employment income

• lottery profits

• royalties profit

• exchange of currency

direct tax are imposed on everyone

• true

• false

Self Assessment is a system that LHDN uses to collect Income Tax. Individuals who have earned income that LHDN doesn't yet know about

• true

• false

the highest percentage rate imposed on income tax for Malaysians

• 18%

• 20%

• 30%

• 21%

what are the sales tax rate in malaysia?

• 10%

• 3%

• 7%

• 15%