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The Malaysia Master Tax Guide 2020 is specifically designed as a reference guide to help tax professionals, accountants and taxpayers to fulfill their tax obligations for the 2019/2020 income year. It also provides information on the stamp duty, tax incentives, double taxation as well as the tax implications of decisions and transactions that taxpayers may face in 2020. 
All tax changes made since the publication of the Malaysia Master Tax Guide 2019 including chapters effected by the 2020 Budget, the Finance Act 2019, the Income Tax (Amendment) Act 2019, the recent exemption orders, rules, IRB guidelines and public rulings issued have been incorporated into this edition.  

Key benefits of the guide:

  • assists with the preparation of income tax returns and provides reliable answers to tax questions
  • comprehensive and user-friendly, the guide gives readers a clear understanding of their tax liabilities and entitlements
  • complete coverage of Malaysia’s tax requirements helps to mitigate the risk of non-compliance and unnecessary penalty exposure
  • highlights current tax laws and incorporates the latest tax changes made in the 2020 Budget, Finance Act 2019 and Income Tax (Amendment) Act 2019 
  • practical worked examples help illustrate how the law is applied in practice
  • investment incentives are addressed in detail with specific examples.
The Guide explains how the law is relevant to individuals, corporations and other taxable entities. It covers all tax issues, including the stamp duty. Foreign business professionals interested in doing business in Malaysia will find the explanation of the industrial and investment incentives particularly beneficial. 
The law in this edition stands as at 1 February 2020. 

Topics covered include:

Chapter 1: Individuals

Chapter 2: Companies and Limited Liability Partnership

Chapter 3: Mutual Concerns

Chapter 4: Partnerships and Hindu Joint Families

Chapter 5: Estates, Trusts, Beneficiaries, Settlements 

Chapter 6: Basis of Assessment and Tax Accounting

Chapter 7: What is included in Assessable Income?

Chapter 8: Exemptions and Exclusions from Income

Chapter 9: Business Deductions

Chapter 10: Reliefs and Deductions

Chapter 11: Capital Allowances

Chapter 12: Non-residents and Special Cases

Chapter 13: Investment Incentives

Chapter 14: The Administrative Provisions

Chapter 15: Tax Treaties – Double Taxation Relief

Chapter 16: Tax Avoidance and Tax Evasion

Chapter 17: Real Property Gains Tax

Chapter 18: Stamp Duty

This publication is also available in eBook format.

Other available countries under the Master Tax Guide series include:

Singapore | Japan | Australia | New Zealand | Hong Kong | China | Macao | India | USA | Britain | Canada


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