1. NAME OF COURSE  / MODULE PRINCIPLES OF MALAYSIAN TAXATION
2. COURSE CODE MAE2023
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME People and business have to pay tax annually.  Normally they tend to pay more than they suppose to without knowing that those certain items are exempted.   Lack of knowledge on taxation laws, also contribute to various illegal act in computations.  It is important to educate and bring people closer with taxation environment in Malaysia.  Thus this subject introduces to students rationally to equip them with knowledge and skills about basic concepts and principles of taxation, tax calculations income and expenditure which should be reported to Inland Revenue Board of Malaysia (IRBM), various reliefs in order to achieve tax savings without violating any laws and promoting tax compliance among students.
5. SEMESTER & YEAR OFFERED Semester 4 / Year 2
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P O
28 22 5

L=Lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

120
7. CREDIT VALUE 120/40= 3.00  (3 credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1.     To familiarize students with tax systems, computations and personal taxation in Malaysia

2.     To equip student with knowledge and skills related to tax calculations for individuals and business.

3.     To expose students with concepts of taxation for sole-proprietors.

4.     Create concern of their responsibilities towards taxation.

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1.     Understand tax systems, computations and personal taxation in Malaysia. (LO1-C3)

2.     Compute tax payable for individuals and sole-proprietors. (LO2,-P3, LO7-LL2, A2)

3.     Apply concepts of taxation for individuals and sole-proprietors. (LO2-P3)

11. TRANSFERABLE SKILLS Student should be able to develop a good understanding on taxation for personal in Malaysia, appropriate income tax calculations skills through a process of lectures and tutorials.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning strategy:

  • The course will be taught through a combination of formal lectures, exercise, group work, using authentic materials, informal activities and various textbooks. Collaborative teamwork will be fosters throughout the course. The use of examination and internal reporting assessment will assess the student’s ability to apply theoretical concept in context.

Assessment strategy:

  • Formative
  • Summative
13. SYNOPSIS This course aims to give an understanding to the students on principles of Malaysian taxation system. It discusses relevant laws, regulations and case laws that focuses on individual taxpayers. This course covers several topics including residence status, employment income, business income and capital allowances. Some of these topics provide a good foundation on fundamentals of corporate taxation.
14. MODE OF DELIVERY Lectures and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 40%
Final examination 60%
Total 100%
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC

 

TOPIC Lecture Tutorial Test/Quiz/Exam Assignment Assessment(Library Search) Self-study Total
Basic of Malaysia Income Tax 2 0 2 4
Tax Administration 2 2 4 8
Residence Status – Individual 4 2 5 11
Employment Income 4 4 8 16
Other Sources of Income 4 2 5 11
Business Income 4 4 8 16
Capital Allowance – Plant and Machinery 2 2 4 8
Individual Taxation 6 6 10 22
Continuous Test/Quiz Assessment  2  6 4 12
FINAL 3 9 12
TOTAL 28 22 5 6 13 46 120
17. REFERENCES Main reference:

1.   Jeyapalan Kasipilai (2013). A Guide to Malaysian Taxation: McGraw-Hill (Malaysia) Sdn. Bhd.

Additional references:

1.  Income Tax Act 1967 (with amendments) and Public Rulings

2.   Faridah Ahmad and Loo Ern Chen (F&L). 2009. Fundamentals of Malaysian Taxation. Kuala Lumpur: Prentice Hall

3.   Choong Kwai Fatt (2013). Malaysian Taxation, Principle and Practice. Infoworld.

4.   Yearly Budget commentary issued by MIA, CTIM and MICPA.

 

Mapping of the course/module to the Program Learning Outcomes

TOPIC Contact hours (week) Lesson Learning Outcome (Students are able to..) CLO KI Teaching & Learning Activities Assessment Tasks
1.   Partnership

 

4 i.    To discuss tax treatment on partnership. LO1 C3
  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
2.   Basis period

 

4  i.    To identify the basis period for company in different condition

ii.    To compute adjusted income for related year of assessments

LO1

LO2

C2

P2

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
3.   Corporate Taxation

 

2  i.    To determine the taxation income, tax liability, exemption and relief LO1

LO2

C2

P2

  • Lecture
  • Exercise
  • Discussion and Q&A
4.   Corporate Taxation

 

4  i.    Calculate company tax under SAS LO1

LO2

LO7

C2

P2

LL2

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
5.   Capital allowances

 

4  i.    To determine QBE to calculate IBA LO1

LO2

C2

P2

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
6.   Capital allowances 4  i.    To determine QAE to calculate agriculture allowance and charges LO1

LO2

C2

P2

 

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial

Mid-Sem

7.   Investment Incentives

 

2  i.    To explain investment tax allowance available for promoted activities and products

ii.    To calculate tax exemption and chargeable income for pioneer companies

LO1

LO2

LO7

C2

P2

LL2

  • Lecture
  • Exercise
  • Discussion and Q&A
8.   Investment Incentives

 

4  i.    To explain re-investment tax allowance available for promoted activities and products

ii.    To explain double deduction for promotion of export

LO1 C2
  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
9.   Real Property Gains Taxes (RPGT) for individual and company

 

2 i.    To explain chargeable assets for RPGT.

ii.   To compute chargeable gain and allowable expenses.

LO1 C2
  • Lecture
  • Exercise
  • Discussion and Q&A
10. Real Property Gains Taxes (RPGT) for individual and company

 

4 i.    To explain exemption for RPGT.

ii.   To compute RPGT.

LO1

LO2

C2

P2

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
11. Withholding Tax and Double Taxation Agreement

 

4 i.    To understand withholding tax & DTA.

ii.   To calculate unilateral & bilateral relief.

LO1

LO2

C2

P2

  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
12. Estate under administration

 

4 i.    To compute tax for executor LO2 P2
  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial
13. Goods and Services Tax (GST)

 

2 i.    To understand scope and charges of GST LO1 C2
  • Lecture
  • Exercise
  • Discussion and Q&A
14. Goods and Services Tax (GST)

 

4 i.    To understand special schemes and rules and offences and penalties. LO1 C2
  • Lecture
  • Exercise
  • Discussion and Q&A
Tutorial

Final Exam