By Christine Toh & Raymond Mah In Malaysia, the burden of assessing tax liability is placed on the shoulders of the taxpayers, i.e. a self assessment tax system to encourage voluntary tax compliance and to reduce tax administration cost. However, the Director General of Inland Revenue (“Director General”) has a wide discretion under the Income…

by Raymond Mah, John Chan and Denise Phang This article examines the effect of the Goods and Services Tax (“GST”) on Management Corporations and Joint Management Bodies of stratified development areas, and takes a look at pre and post-GST charges imposed on parcel owners. What is GST? GST came into effect on 1 April 2015…