Question: True/False Statement. Indicate (T) for True and (F) for False for the following statements in the column provided In Malaysia, the Official Assessment System replaced

True/False Statement. Indicate (T) for True and (F) for False for the following statements in the column provided

  1. In Malaysia, the Official Assessment System replaced the Self-Assessment System in year 2000.

  1. Section 7(1) of the Income Tax Act 1967 stipulates four sets of circumstances under which an individual would be deemed resident in Malaysia.

  1. Self-assessment for individuals was implemented in 2001 while for companies, it was implemented in 2004 in Malaysia.

  1. The Government of Malaysia imposes two types of tax, namely direct tax and indirect tax

  1. Ill-health matter is not part of temporary absence.

  1. Qualitative considerations are irrelevant in the determination of tax residency in Malaysia

  1. An individual is considered to be physically present in Malaysia for a whole day only if he is present in Malaysia for at least half of a day.

  1. Non-resident individuals in Malaysia are taxed at a lower tax rate and are not entitled to personal reliefs.

  1. Non-resident individuals will not be taxable if they are employed in Malaysia for less than 60 days.

  1. To informs taxpayers of the revenue authoritys interpretation of specific provisions of the tax law in Malaysia is by refers to public rulings, private rulings and advance rulings.

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