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Malaysian taxation 1

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

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

a)

True

b)

False

2.

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

a)

their taxable income

b)

report income

c)

company 's income

3.

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

a)

True

b)

False

4.

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

a)

world scope basis

b)

territorial basis

c)

formal basis

d)

exempted basis

5.

What is the capital city of Cambodia?

a)

Vientiane

b)

Kuala Lumpur

c)

Manila

d)

Phnom Penh

6.

The flag of……………….

a)

Laos

b)

Singapore

c)

Philippines

d)

Brunei Darussalam

7.

What Country does this flag belong to?

a)

Portugal

b)

UK

c)

America

d)

Spain

8.

The advantages of resident status in Malaysia except:

a)

Personal relief

b)

Tax rebate

c)

Flat rate of 28%

9.

Resident status of an individual based on section 7 ITA 1967

a)

True

b)

False

10.

There are 5 subsection under section 7 ITA 1967

a)

True

b)

False

11.

Temporary absence means the individual is not in Malaysia BUT he/she can considered in Malaysia with condition below except

a)

attending seminar regarding service in Malaysia

b)

owing to ill health involving himself,parents, brother and sister.

c)

social visit not exceeding 14 days

12.

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

a)

True

b)

False

13.

Which country uses RUPEE?

a)

Palestine

b)

Panama

c)

Pakistan

d)

Poland

14.

Which world currency symbol is this?

a)

Pound

b)

Rand

c)

Real

d)

Riyal / Rial

15.

Which world currency symbol is this?

a)

Riyal / Rial

b)

Ruble

c)

Rupee

d)

Shekel