Whether currently paying income tax or not, Malaysian individuals have found 100 Ways to Save Tax in Malaysia for Individuals to be useful to them as it is written in a friendly style to help ordinary people understand how to plan their affairs effectively so as to minimise the burden of tax. Most individuals want to keep on the right side of the law and know that under the self-assessment system, which has now been in operation for several years, they have responsibilities. Full of useful ideas, this book aims to tell people how they can legally reduce their taxes within the limits of the law as well as how to keep their affairs in order so as to comply with tax regulations and avoid costly penalties. This highly popular tax guide has been fully updated to take account of new developments including the stimulus packages contained in the two budgets of 2009 as well as all the important changes brought about by the 2010 budget.

 

Although some of the economic stimulus measures are of short duration, often only a few years, they represent attractive opportunities for many taxpayers including, for example, tax relief for interest on housing loans and exemptions for many employee benefits-in-kind and perquisites. An early and complete understanding is vital if you are to take advantage of them. All of this is dealt with by way of clear explanations and detailed examples. Nevertheless, the book should prove useful not only for forward tax planning but also as a help to those filling in their tax returns for 2009 and 2010.

Learn about the deductions, reliefs, rebates and tax exemptions that are available to you as an individual and how to strategise so as to make the most of them.  For husbands and wives, you will receive guidance on how you can plan your financial matters to get the most tax savings. Discover the pitfalls that exist for any taxpayer who does not understand the rules of the self-assessment system and how to steer your way around them. Learn how you can correct a genuine mistake in your tax return by a simple and inexpensive procedure.

 

Regardless of whether you are a Malaysian citizen or resident, a permanent resident or enjoying MM2H status, there is something of interest for you in this popular work. Any individual who is or is potentially a Malaysian taxpayer can learn something. This includes but is not limited to company directors, partners, sole traders, employees, retirees, as well as estate and trust beneficiaries.

Stay in control of your tax affairs. This book contains a wealth of ideas to help you to do just that, all presented in an easy-reading style with clear examples and a comprehensive index.

 

This book builds on the pedigree of successful editions of the highly acclaimed tax series 100 Ways to Save Tax in Malaysia. Specially tailored for you – the individual taxpayer.

 

• 100 Ways to Save Tax in Malaysia for Small Businesses

• 100 Ways to Save Tax in Malaysia for Property Investors

• 100 Ways to Save Tax for Malaysian Investors