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S. a. C. Which of the following statements in relation to the features of the Malaysian tax system is true? (2m) An individual carrying on a business must submit a tax estimate at least 30 days prior to the commencement of the basis period for the respective year of assessment b. A non-resident employee, with the same employer for 12 months, may elect not to submit a tax return provided their remuneration was subject to a monthly tax deduction and they did not have any income other than from employment An individual carrying on a business, with an instalment scheme issued by the Inland Revenue Board, will be allowed to revise a tax estimate for a year of assessment only in the sixth and ninth month of the basis year d. Citizens of a foreign country who derive employment income from Malaysia are not required to declare their Malaysian source income Ace Sdn Bhd owns the following buildings: (2m) 1- Building used to store finished goods within the same curtilage as the factory which produces the finished goods 2- Building used to store raw materials within the same curtilage as the factory which uses the raw material 3. Building used to store imported products which are to be processed and distributed Which of the buildings qualify for industrial building allowance? 6- b I only 2 and 3 only 1 and 2 only 1, 2 and 3 c d

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