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City of Kuala Lumpur Act 1971 [Act 59] Legitimacy Act 1961 [Act 60] Financial Procedure Act 1957 [Act 61] Audit Act 1957 [Act 62] Control of Imported Publications Act 1958 [Act 63] ( Repealed by the Printing Presses and Publications Act 1984 [Act 301] ) Sales Tax Act 1972 [Act 64] ( Repealed by the Goods And Services Tax Act 2014 [Act 762 ...
Academy of Sciences Malaysia Act 1994: 524 In force Access To Biological Resources and Benefit Sharing Act 2017: 795 Not yet in force Accountants Act 1967: 94 In force Administration of Islamic Law (Federal Territories) Act 1993: 505 In force Adoption Act 1952: 257 In force Age of Majority Act 1971: 21 In force Agensi Inovasi Malaysia Act 2010: ...
Income Tax Act 1967 [Act 53] Financial Procedure Act 1957 [Act 61] Sales Tax Act 1972 [Act 64] Gaming Tax Act 1972 [Act 65] Accountants Act 1967 [Act 94] Bank Simpanan Nasional Act 1974 [Act 146] Service Tax Act 1975 [Act 151] Islamic Development Bank Act 1975 [Act 153] Real Property Gains Tax Act 1976 [Act 169] Excise Act 1976 [Act 176]
Income Tax Department. The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill ...
20 February – Tunku Abdul Rahman planned to form a new federation called Malaysia with the merger of Malaya, Singapore, Sabah, Brunei, and Sarawak. 9 March – The International Quran Reading Competition was held for the first time. 17 April – Tuanku Munawir of Negeri Sembilan was installed as the ninth Yang di-Pertuan Besar of Negeri Sembilan
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.
Income Tax Act 1976, a Statute of New Zealand; Income Tax Act 1985, an Act governing income taxes in Canada since 1917, with the current version enacted in 1985. The Income-tax Act, 1961, an Act of the Parliament of India; Individual Income Tax Act of 1944, an Act raising income tax in the United States
The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and fourteen schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax ...