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WorksheetsChapter 1
Total questions: 10
Worksheet time: 5mins
In Malaysia, the law governing income taxation is....
Income Tax Act 1976
Income Tax Act 1967
Income Tax Act 1977
Income Tax Act 1987
Currently, the tax imposed on goods and services is known as ...
Value Added Tax (VAT)
Goods and Services Tax (GST)
Sales and Service Tax (SST)
Saya Suka Tax (SST)
What is the Real Property Gains Tax (RPGT) in Malaysia?
A tax on capital gains from the sale of property
A tax on rental income from property
A tax on property ownership
None of the above
The tax system should be simple and easy to understand. The related principle of taxation is...
Neutrality
Efficiency
Certainty
Simplicity
This principle suggests that the tax system should be fair and equitable. It means that those who have more should pay more, and those who have less should pay less.
Effectiveness
Equity
Efficient
Flexibilty
Among the objectives of taxation are...
to generate income
to maintain economic equality
to encourage production and distribution of basic needs
to protect the national industries
all answers are correct
Which of the following incomes DOES NOT fall under Section 3, Scope of Charge?
Rental income received from property in Penang
Dividend income received in Malaysia from investment in Thailand and it has been credited to account bank in Malaysia
Dividend income from investment in Indonesia and it has not been credited to account bank in Malaysia
Accrued rental income from property in Johor
Which of the following income is recorded under section 4 (b)
employment income
business income
royalty income
dividend income
Aleya derives business income and rental income in 2022. The basis period for Aleya...
calendar year basis
non calendar year basis
Below are examples of indirect taxes EXCEPT...
sales tax
import duty
income tax
service tax
