Course info

THIS COURSE IS AN INTRODUCTORY COURSE IN TAXATION. THIS COURSE DEALS WITH THE FUNDAMENTALS OF TAXATION IN MALAYSIA IN THE PERSPECTIVE OF AN INDIVIDUAL TAXPAYER AND PARTNERSHIP. THE TOPICS DISCUSSED INCLUDE AMONG OTHERS ARE: PRINCIPLES OF TAXATION, TAX COMPUTATION AND ADMINISTRATION OF TAXATION IN MALAYSIA. THE MAIN EMPHASIS OF THIS COURSE IS TO ENABLE STUDENTS TO UNDERSTAND IN DEPTH THE PRINCIPLES, FOUNDATION AND THE EXECUTION OF INCOME TAX IN MALAYSIA. THE TOPICS SELECTED INCLUDE THE STRUCTURE OF INCOME TAX, TYPES OF TAXABLE INCOME, EXEMPT INCOMES, QUALIFYING EXPENDITURE, CAPITAL ALLOWANCE, LOSSES, TAX ON INDIVIDUALS AND PARTNERSHIPS AND THE ADMINISTRATION OF TAX IN MALAYSIA. STUDENTS WILL ALSO BE INTRODUCED TO THE RIGHTS AND OBLIGATION OF A TAX PAYER IN MALAYSIA. STUDENTS WILL BE EXPOSED TO THE IMPLEMENTATION OF SELF-ASSESSMENT FOR AN INDIVIDUAL TAX-PAYER. BASIC KNOWLEDGE GAINED FROM THIS COURSE WILL BE EXTENDED TO THE ADVANCE TAXATION COURSE.