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The Self Assessment System

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The Self Assessment System
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. | |
| |
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