1. Emili is a sole proprietor who sells fragrance rice at Kota Laksamana, Melaka. Her actual tax liability for YA2021 amounted to RM17,828, while the total tax installments paid amounted to RM9,000. Calculate the penalty (if any).
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3. What do you understand by Self-assessment system? In your opinion, why this system is beneficial to both government and taxpayers.
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5. Max is a Singaporean and found a job as an engineer in BP Bhd in Malaysia in 2020.He arrived in Malaysia on 15 January 2021 and commenced his employment on 1 February2021. Due to personal reason, he has decided not to continue with his employment and left Malaysia permanently on 31 December 2021.
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7. Required:
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9. (i) Based on the scenario above, advise Max as to when he needs to notify the Inland Revenue Board (IRB) that he will be chargeable to tax.
10. (ii) Determine when BP Bhd needs to notify the IRB that Max will be chargeable to tax.
11. (iii) In relation to Max’s cessation of employment, state any TWO (2) responsibilities of BP Bhd (the employer) under the ITA.
12. (c) Goh has received a notice of additional assessment for the year of assessment 2021 on 15 June 2021 where he was required to pay an additional RM1,000 of tax.
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14. Required:
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16. (i) Advise Goh on the time frame that he needs to file a notice of appeal if he does not agree with the additional assessment imposed on him.
17. (ii) Does Goh still need to pay the additional RM1,000 if an appeal against the additional assessment has been made him? Explain your answer.
18. (iii) Assume Goh does not intend to appeal against the additional assessment, and settle the payment on 20 July 2021, will any penalty be imposed on him? If yes,
19. calculate the amount of penalty. Show your workings.

Answer rating: 100% (QA)

Required i ANSWER Max will need to notify the IRB that he will be chargeable to tax ... View the full answer