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Malaysia applies the self-assessment system (SAS) in its tax administration. The system has been effectively implemented effective from 2004 onwards. Under this SAS. thaxpayers are
Malaysia applies the self-assessment system (SAS) in its tax administration. The system has been effectively implemented effective from 2004 onwards. Under this SAS. thaxpayers are expected to perform the primary tasks that were previously handled by the tax authority, which emphasizes on completing tax returns accurately, including computing tax liabilities correctly. The successful implementation of SAS, therefore, relies heavily on the cooperation of the taxpayers in carrying out their responsibilities. Required: i) Assess and cvaluate the effectiveness of the self-assessment system, especially in the area of the taxation of enployment income and business income? (10 marks) ii) 'Discover your group's opinion on the current Malaysian taxation system, especially during this pandemic Covid 19? Are the members of your group happy with it? Illustrate your answers i.e., why, why not and suggestion for improvement. (5 marks) Malaysia applies the self-assessment system (SAS) in its tax administration. The system has been effectively implemented effective from 2004 onwards. Under this SAS. thaxpayers are expected to perform the primary tasks that were previously handled by the tax authority, which emphasizes on completing tax returns accurately, including computing tax liabilities correctly. The successful implementation of SAS, therefore, relies heavily on the cooperation of the taxpayers in carrying out their responsibilities. Required: i) Assess and cvaluate the effectiveness of the self-assessment system, especially in the area of the taxation of enployment income and business income? (10 marks) ii) 'Discover your group's opinion on the current Malaysian taxation system, especially during this pandemic Covid 19? Are the members of your group happy with it? Illustrate your answers i.e., why, why not and suggestion for improvement
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