QUESTION 1 (CLO 1) "The adoption of Self-Assessment System (SAS) results in a considerable shift of responsibility upon taxpayers with regards to their compliance obligations. Additional compliance responsibilities for taxpayers include an obligation to report, compute and pay their taxes according to tax laws. In discharging these obligations, taxpayers must understand the tax laws, compute and pay the correct amount of tax liability, as well as keeping appropriate records." (Sapiei & Kasipillai, 2013) Required: (i) Explain the self-assessment tax system of individuals and companies in Malaysia. (4 marks) (ii) Discuss the impact of tax system (SAS) adoption in Malaysia. (16 marks)