INCENTIVES PART 1.pptx - TAX517 TOPIC TAX INCENTIVES LEARNING OUTCOMES Upon completion of this chapter students should be able to Explain the meaning of

INCENTIVES PART 1.pptx - TAX517 TOPIC TAX INCENTIVES...

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TAX517 TOPIC : TAX INCENTIVES
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LEARNING OUTCOMES Upon completion of this chapter, students should be able to: Explain the meaning of promoted activities and products Identify the nature of each incentive under the Pioneer status, Investment Tax Allowance and Reinvestment Allowance. Explain the meaning of qualifying capital expenditure for Investment tax allowance and Reinvestment allowance. Explain the mechanism of each incentive. Compute the amount credited to the tax exempt income account and income tax payable under the three types of tax incentives: 1. Pioneer Status 2. Investment Tax Allowance 3. Reinvestment Allowance
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INTRODUCTION Malaysia offers various attractive tax incentives to various sectors of economy in Malaysia. The aim is to encourage the participation and involvement of the industries especially the manufacturing sectors. Some of the major tax incentives available in Malaysia and included in the syllabus are the Pioneer Status (PS), Investment Tax Allowance (ITA) and Reinvestment Allowance (RA).
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  • Fall '17
  • Tax exemption, pioneer status

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