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The Self Assessment System

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GUIDELINE FOR INDIVIDUAL ASSIGNMENT

| |CHECKLIST | |STEP 1 | | | | | |Choose one (1) of the questions below; | | | | | |Question 1 | | | | | |Malaysia’s income tax system is a self-assessment system of taxation. The Government has introduced Self Assessment System (SAS) in stages, | | |commencing with companies from year 2001 and individuals from year 2005. The self-assessment system of taxation is a system designed to | | |transfer the responsibility of determining taxable income and computing the related tax liability from the Inland Revenue Board (IRB) to the | | |taxpayer. | | | | |...