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zakat and taxation Question 1 Briefly explain the following: a) The main sources of revenue to the government. (4 Marks) b) The main purposes for

zakat and taxation

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Question 1 Briefly explain the following: a) The main sources of revenue to the government. (4 Marks) b) The main purposes for which government levy taxes. (4 Marks) c) Incomes liable to income tax in Malaysia. (4 Marks) d) Incomes exempted from income tax in Malaysia. (4 Marks) o) The main functions of a tax authority in Malaysia. (4 Marks) (Total: 20 Marks) Question 2 COVID-19 pandemic has impacted global human lives, killed millions and attacked the real economy to is core. United Nations has called for global solidarity to overcome this unprecedented disaster. The negative impact on the economy has directly affected people's quality of life, leading to an increase in poverty. Having said that, zakat has been utilized to respond to this ongoing suffering in Muslim countries. In Malaysia, it is notable that zakal institutions nationwide have gone beyond discourse to act on the challenging health and economic climate arising from the pandemic. Although most zakat institutions have made commendable efforts to provide aid, people often fail to recognise zakat as a potential source of financial assistance and overlook their role in society. Suggest by giving example, any FIVE (5) initiatives that Zakat Institution can take to overcome the issues of zakat collection and distribution in Malaysia. (20 Marks)

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