Tax Update-1998 Budget Issues


TAX UPDATE
OCTOBER 1997
    CONTENTS Page

I

1998 Budget Issue

 

Income Tax Reduction in Corporate Income Tax Rate

1

 

  Tax Credit Attaching to Dividends Paid in 1997

2

 

  Withdrawal of Tax Exemption on Income Earned Overseas

2

 

  Reinvestment Allowance

3

 

  Investment Allowance for Special Wards in Private Hospitals

7

 

  Taxation Treatment of Life Re-Insurance Business and Inward Life Re-Insurance Business

7

       
    Income Tax Deductions  

 

 

7

 

8

 

 

8

   

8

 

 

8

   

9

       
    Reliefs and Rebates
   

9

   

9

   

9

    Industrial Building Allowance for Warehousing Facilities

10

    Review of Capital Allowances for Heavy Machinery

10

    Relating Back of Gross Income

11

    Time Frame for Raising an Additional Assessment or Additional Assessment

11

    Offence for Non-Compliance with Section 83(5)

11






Download report
in PDF format


In order to view report, Adobe Acrobat Reader
is required. Download Adobe Acrobat Reader here!



This report is reproduced with permission from Kassim Chan Tax Services Sdn Bhd (36421-T) and Deloitte Touche Tohmatsu Tax Services Sdn Bhd (151497-P). 7th Floor, 3 Cangkat Raja Chulan 50200 Kuala Lumpur, Malaysia or P.O.Box 11151, 50736 Kuala Lumpur, Malaysia.
Telephone: (603) 232 0711, Facsimile: (603) 2304746, (603) 230 0585

No part of this report may be reproduced in any form without the prior consent of Kassim Chan Tax Services Sdn Bhd and Deloitte Touche Tohmatsu Tax Services Sdn Bhd.

Another Malaysian resource site designed and hosted by
MIR Communications Sdn Bhd.