Taxation in Malaysia part A

1. Explain how sales tax is administered in Malaysia today. [8 marks] 2. Sketch a tax invoice which is compliant to the Service Tax Act 2018. [8 marks] 3. Explain why a foreign owned company which company should incorporate as a resident company after years of operations. [8 marks] 4. Explain the mechanisms of the Real Property Gains Tax in Malaysia. [8 marks] 5. Provide any four (4) criteria that need to be considered in the Badges of trade tests to determine whether a taxpayer is carrying a business or not as decided in NYF Realty Sdn. Bhd. v. Comptroller of Inland Revenue (1974) 1 MLJ 183). [8 marks]