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WorksheetsMalaysian taxation 1
Total questions: 15
Worksheet time: 8mins
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
Temporary absence means the individual is not in Malaysia BUT he/she can considered in Malaysia with condition below except
attending seminar regarding service in Malaysia
owing to ill health involving himself,parents, brother and sister.
social visit not exceeding 14 days
Refer to the Section 7(1)(c), Individual is in Malaysia :
i. in the basis year for a period amounting 90 days or more
ii. at least 4 out of the 5 immediate preceding years of assessment,he/she was either resident in Malaysia or in Malaysia for 90 days or more
True
False
Which country uses RUPEE?
Palestine
Panama
Pakistan
Poland
Which world currency symbol is this?
Pound
Rand
Real
Riyal / Rial
Which world currency symbol is this?
Riyal / Rial
Ruble
Rupee
Shekel
