Question
Write a report based as followed Taxation is a very significant component of the national revenue of M alaysia. For the 2014 calendar year, taxes
Write a report based as followed
Taxation is a very significant component of the national revenue of Malaysia. For the 2014 calendar year, taxes (both direct and indirect) contributed around 80% of the national revenue (per the 2014/2015 Economic Report issued by the Ministry of Finance, October 2014). To many individuals, taxation is also a significant cost. Appreciating the importance of tax revenue to the nation and how such revenue is used to meet the developmental needs of the nation is important. The importance of education, simplification of legislation, ensuring fairness, enforcing legislation in a proper and fair manner, providing adequate services to taxpayers, the need for an efficient and effective tax agency and understanding the psychology of taxpayers through appropriate research are essential components in attempting to meet the targets set for the nation. Self-assessment requires that all the factors outlined above need to be looked at in enhancing tax compliance behavior so that there is a balance between taxpayer rights and the powers granted to the tax agency in enforcing the tax law.
Demonstrate tax improvement can be done in Malaysia which is able to give benefits to the tax payer and the government itself.
The structure should consist of the following:
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