100 Ways to Save Tax in Malaysia for Individuals, 4th Edition

Author: Richard Thornton
Publisher: Sweet & Maxwell Malaysia
ISBN: 9789670498126
Published In: March 2013
Format: Paperback
Jurisdiction: Malaysia ? Disclaimer:
Countri(es) stated herein are used as reference only

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100 Ways to Save Tax in Malaysia for Individuals is designed to be helpful to ordinary Malaysians who want to understand more about income tax and the tax-saving ideas that they can use to reduce their tax burden whilst keeping within the law. Due to its easy to read yet comprehensive style, it has proved to be a popular guide through several editions and is now presented in this completely up-to-date fourth edition.

As a responsible citizen you will want to organise your affairs to comply with the tax regulations and avoid costly penalties whilst minimising your taxes within the limits of the law. This book shows you how to do that and at the same time allows you to learn about the deductions, reliefs, rebates and tax exemptions that are available to you as an individual and how to strategise to make the most of them. Husbands and wives will receive guidance on how to plan their financial affairs in tax-efficient ways so as to build adequate savings to provide for their children’s education and their own retirement. Learn also about the potentially costly pitfalls of the self-assessment system and how the well-informed can use their knowledge to avoid them. You will also receive guidance on how to rectify a genuine mistake in your tax return by using a simple and inexpensive procedure.

The tax law is not static and this highly popular tax guide has been fully updated to take account of new developments including the changes brought about by the 2011, 2012 and 2013 budgets as well as a range of new and revised public rulings and subsidiary legislation. Most of the economic stimulus measures introduced in 2009 only applied for a short duration and they have not been repeated, except for a few which continued to apply in 2012 or 2013. However, new opportunities have been created such as the new and enhanced relief for contributions to the National Educational Savings Scheme (SSPN) and the new relief for contributions to private retirement schemes. An early and complete understanding is vital if you are to take advantage of the attractive opportunities available and this book gives clear explanations and detailed examples. The book should prove useful not only for forward tax planning but also as a help to those filling in their tax returns.

Stay in control of your tax affairs. Whether you are a Malaysian citizen or resident, a permanent resident, a returning expert or a person enjoying MM2H status, there is something of interest for you in this popular work. Company directors, partners, sole traders, employees, retirees, or estate and trust beneficiaries – in fact, any individual who is or is potentially a Malaysian taxpayer can benefit from the wealth of ideas presented in this book with its easy-reading style, clear examples and comprehensive index.

Specially tailored for you – the individual taxpayer – this book builds on the pedigree of successful editions of the highly acclaimed 100 Ways to Save Tax in Malaysia series.