Leader: Ms Haemala Thanasegaran

Offered

Sunway First semester 2008 (Day)

Synopsis

The topics are similar to those covered by the equivalent Australian income tax law course BTC3150, but lectures and tutorials will concentrate on the legislation and case law which applies in Malaysia. Topics include background to the Malaysian legal and taxation systems; income for businesses, individuals, companies, partnerships and trusts; deductions; capital allowances (the Malaysian equivalent of depreciation); personal reliefs; tax incentives; the limited capital gains tax; tax administration and tax avoidance.

Objectives

The learning objectives of this unit are to:

• describe the taxation concept of income;
• critically assess the major income and deduction components comprising taxable income;
• identify the main taxable entitles and calculate how they are taxed;
• analyse and apply the main administrative aspects of income tax law;
• demonstrate an awareness of current income tax developments in Malaysia.

Assessment

Within semester assessment: 20%
Examination (3 hours, open-book): 80%

Prohibitions

BTC3153