Search results
Results from the WOW.Com Content Network
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).
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 Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
Bandar Tun Hussein Onn is a township in 11th-Mile Cheras (Batu 11 Cheras) in Bangi constituency, Selangor, Malaysia. It is primarily a residential area , established in the early 1990s. It is situated about 13 km southeast of central Kuala Lumpur and 7.5 km north of Kajang .
The district of Hulu Selangor has existed since the Federated Malay States era, although at that time the name of the district was spelled Ulu Selangor. Hulu Selangor was supposed to be administered by multiple administrative councils, but was united into a single Hulu Selangor Municipal Council by the Selangor State Assembly on January 1, 1977, under Section 2 Local Government Act 1976 (Act 171).
Selangor is one of four Malaysian states that contain more than one city with official city status; the others are Sarawak, Johor, and Penang. [9] [10] The state of Selangor has the largest economy in Malaysia in terms of gross domestic product (GDP), with RM 384 billion (roughly $82 billion) in 2022, comprising 25.6% of the country's GDP. [11]
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])
The Kuala Selangor District Council was established in 1978 through the Selangor State Law Handbill 18/78. It is a conurbation of 5 local councils: Kuala Selangor Local Council, Tanjong Karang Local Council, Batang Berjuntai (Bestari Jaya) Local Council, Ijok Local Council, Jeram Local Council.