Search results
Results from the WOW.Com Content Network
Many tax incentives simply remove part or of the burden of the tax from business transactions. In Malaysia, the corporate tax rate is now capped at 25%. Nevertheless, a company eligible for a certain tax incentive might only pay an average effective tax rate of 7.5%, with only 30% of the company's profit being subjected to tax.
The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business. [1] The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public.
The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong.
Roman Catholic Bishops (Change of Name and Incorporation) Act 1974 [Act 131] ( Repealed by the Roman Catholic Bishops (Incorporation) Act 1957 [Act 492] ) Income Tax (Tin Buffer Stock Contributions and Repayments) Act 1974 [Act 132] Street, Drainage and Building Act 1974 [Act 133] Aboriginal Peoples Act 1954 [Act 134] Partnership Act 1961 [Act 135]
The Income Tax Act 1967, in its current form (1 January 2006), consists of 10 Parts containing 156 sections and 9 schedules (including 77 amendments). Part I: Preliminary Part II: Imposition and General Characteristics of the Tax
Income Tax Act 1967: 53 In force Income Tax (Tin Buffer Stock Contributions and Repayments) Act 1974: 132 In force Incorporation (State Legislatures Competency) Act 1962: 380 In force Indecent Advertisements Act 1953: 259 In force Industrial Co-ordination Act 1975: 156 In force Industrial Designs Act 1996: 552 In force Industrial Relations Act ...
Also the individual income of the partners is subject to income tax at the usual rates. For unregistered firms, income tax is levied on the firm's income and the partners are not liable to pay tax on the shares of profit received from the unregistered firm(s). Company; A company is a legal entity formed under the Companies Ordinance, 1984.
tax register — a register used for the purpose of revenue collection, including taxes, duties such as tariffs or excise, as well as mandatory social insurance and health insurance contributions; such a register includes all taxable entities, as well as their tax liabilities, including tax liens. public company and securities register — the ...