The Malaysia Master Tax Guide 2017 is specifically designed as a reference guide to help tax professionals, accountants and taxpayers to fulfil their tax obligations for the 2016/2017 income year. It also provides information on the goods and services tax, tax incentives, double taxation as well as the tax implications of decisions and transactions that taxpayers may face in 2017.

All pertinent tax developments since the publication of the Malaysia Master Tax Guide 2016, including those effected by the 2017 Budget, the Finance Act 2016, the recent exemption orders, rules, IRB guidelines and public rulings issued, have been incorporated into this edition. 

Key Features & Benefits

• Working examples and case law to illustrate how the law is applied in practice
• At-a-glance practical guidance on every aspect of the Malaysian tax regime
• Key legislation and commentary
• Investment incentives addressed in detail with specific examples

The Guide explains how the law is relevant to individuals, corporations and other taxable entities. Foreign business professionals interested in doing business in Malaysia will find the explanation of the industrial and investment incentives particularly beneficial. 

Topics Covered

1.   Individuals

2.   Companies

3.   Mutual Concerns

4.   Partners and Partnerships

5.   Estates, Trust, Beneficiaries, Settlements

6.   Basis of Assessment and Tax Accounting

7.   What is Included in Assessable Income

8.   Exemptions and Exclusions from Assessable Income

9.   Business Deductions

10. Non-business Deductions

11. Capital Allowances

12. Non-residents and Special Cases

13. Investment Incentives

14. The Administrative Provisions

15. Tax Treaties — Double Taxation Relief

16. Tax Avoidance and Tax Evasion

17. Real Property Gains Tax

18. Preparation of Tax Computations

19. Goods and Services Tax (GST)

---------------------------------------------------------------------------------------------------------------------------------------

Consultant Editor: Vincent Josef

Technical Advisor, Taxation: Dr Veerinderjeet Singh