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course accounting and finance

subject-taxation

The Malaysian Government officially announced the introduction of Self-Assessment System (SAS) to replace the Official Assessment System (OAS). Task assigned: a) Briefly discuss your understanding on Self Assessment system for companies and individuals and explain the appeal procedure under the Self-Assessment System b) Summarize the consequences if the tax agent did not play well in their roles. Include in your analysis the appropriate level of research and relevant examples c) Name and explain the three (3) sources of revenue law in Malaysia. d) Discuss the penalties imposed on individual taxpayer and companies for non- compliance. Questions a Briefly discuss your understanding on Self- Assessment system for companies and individuals and explain the appeal procedure under the Self- Assessment System. Include in your analysis, the appropriate level of research and relevant examples. b. Summarize the consequences if the tax agent did not play well in tax system. Include in your analysis, the appropriate level of research and relevant examples. C. Name and explain the three (3) sources of revenue law in Malaysia. d. Discuss the penalties imposed on individual taxpayer and companies for non-compliance

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