Evolution of taxation

EVOLUTION OF TAXATION Malaysian Taxation Community

Fees paid by the rich to

get protection from the

government. MEANS

THERE WAS

A TIME WHEN TAX

AS TIME PROGRESS FORWARD TO POST

WORLD WAR II

• Homes are destroyed.

• Man are injured.

• Children are orphaned.

• Government are broke.

GOVERNMENT IS IN NEED OF

TO RECONSTRUCT THE COUNTRY

no longer just on the rich and wealthy

TAX WAS IMPOSED ON THE MIDDLE CLASS

AT FIRST IT WAS ONLY ON … Excess earned by employee

over the average cost of living

AT FIRST IT WAS ONLY ON … Excess earned by employee

over the average cost of living

Exemption was provided on the first

income earned, so that average

person could live on their regular

earnings and only tax on excess

which would otherwise goes into

investment.

THE GREAT DISCOVERY # Change in tax law affects behavior of the people.

THE GREAT DISCOVERY # Change in tax law affects behavior of the people.

If government give incentives to invest in business, many people would invest in business.

THE GREAT DISCOVERY # Change in tax law affects behavior of the people.

If deduction given to buy books, more people would buy books.

From simple revenue raising vehicle

EVOLUTION OF TAXATION

From simple revenue raising vehicle tax law evolves

into the vast array of laws that governed

economic activities of the land.

EVOLUTION OF TAXATION

AS ECONOMY AND SOCIAL POLICIES CHANGES,

TAX LAW ARE ALTERED SIMULTANEOUSLY.

NOW IT IS THE KEY COMPONENT IN ANNUAL NATIONAL FISCAL POLICY.

IN MALAYSIA MINISTRY OF FINANCE WILL ANNOUNCE THE KEY CHANGES IN TAX LAW TOGETHER WITH

THE NATIONAL BUDGET.

Will be held on 25th Oct 2013.

BUDGET

NOW THAT YOU KNOW THE DRIVING FACTOR OF TAXATION. ITS TIME TO GET TO KNOW MORE

ABOUT HOW IT WORKS.

LIKE US ON FACEBOOK TO GET UPDATES ON HOW IT WORKS.

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The key to slash down on tax !

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