Process of revenue (money) collection Toe \oanssesny Fm indviciaisor companies, Source of Revenue pay NX for use in the country’s development ® to govern company Implementation Tool * Taxlevied inline with gov policy Task Stabilize goods or services Economy — + %x\evied on goods and services adele | nS by providing facilities © finance development projects Prop Governed ® redistribute income devel sooo \ bouay Lo eae © tax relief for parents medical + real property gains tax Raia © to discourage sale cone tate «tobacco, sleohol, gambling Government Policy (Yaw Brayton Control of sales of Fie on ‘© Education connarte | EB SEPIS. sf pea tlcatncere! v7 year prison © Social Welfare Tispreparaboacl'| sGMGCBB ie | acts Sto =, ® infrastructure aakftatstasments | Syearsprison Quit agricuiture tent» Security & Defense z ‘* Development Income Tax Roa fi - © Salaried Individual Road User = Property Tax forland Sales & © Company # Pervehicle Assessment tax + colecied by Services © Companyregister, © ‘Fnot paid, not © Tax for holdings and State Land Tax for sales ‘axpayer, asset allowed on the road properties Office and sevice annualincome, pay © Collected by JP} * Cover municipal # Evasion erie income tax © Evasionnnot exceed services Seizure ofLand —* ineurance # Self Assessment M2000 * Collected by District food, telco System, Council Credit Cards: ==> Ea © Evasion : Seizure of Bea Property (RMCD) How to calculate taxes? Income Tax How much should I pay? CB > Payable income Tax (Tax Refund) PCB < Payable Income Tax {insufficient tax payment) =Total Annual Tax Rates Table Tax Rebate 12 XMonthly Income = Cl< RM35000 Tax deduction (PCB) ~Tax Exemption RM400——- Payable income Tax Tax Rebate * Zakat Road Tax Property == a Quit Rent oe [oie 1s bi See Hiowedwncis le Sales & Services Tax Oe =o