Taxation in Malaysia Quiz
Authored by Nawal Syafiq Mokhtar undefined
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of taxation in a modern economy?
To promote exports
To support government spending on public services
To create inflation
To eliminate subsidies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a direct tax?
Sales tax
Export duty
Corporate tax
Import duty
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which law governs income tax in Malaysia?
Stamp Act 1949
Real Property Gains Tax Act 1976
Income Tax Act 1967
Labuan Business Tax Act
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a principal source of Malaysian taxation law?
Case law
Legislation (Statute law)
Practice of IRB
Oral traditions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which income is NOT chargeable under Section 4 of ITA 1967?
Business income
Capital receipt
Rental income
Employment income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of employment income received in Malaysia?
Received once and never again
Occurs randomly
Repetitive and from a source
Received only from abroad
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of income is defined in Section 4(c)?
Royalty income
Dividend income
Business income
Pension income
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