Corporate Tax Law: Part I
<h3>Company Tax</h3>
A company, whether resident or not, is assessable on income accrued in or derived from Malaysia. Income derived from sources outside Malaysia and remitted by a resident company is not subject to tax, excep ...
»
Corporate Tax Law: Part II
<h3>BUSINESS PROFITS AND DEDUCTIONS</h3>
Business profits are computed on the basis of normal accounting principles as modified by certain tax adjustments.
Generally, deduction is allowed for all outgoing and expenses wholl ...
»
Sales Tax
This is an ad valorem single stage tax imposed at the import and manufacturing levels. Manufacturers are required to be licensed under the Sales Tax Act 1972.
Manufacturers whose annual sales turnover do not exceed RM100,000 are exempte ...
»
Service Tax
This tax is imposed on certain goods and services provided in certain prescribed establishments.
The goods include
* food
* drinks and
* tobacco
While the main services are
* provision of rooms for lodging
* provision of pre ...
