Study guide: Third edition

Business leaders appreciate that there are taxation implications that flow on from most business decisions. A sound knowledge of Malaysian taxation law is essential to ensure quality input into the strategic decision-making process by an individual, partnership or company.

This is the local variant of the taxation subject in the CPA Program.

Note: From Semester 2 2018 this subject will be offered directly through Sunway TES. For candidates wanting to complete Malaysia Taxation after this date, you will need to enrol with Sunway TES. For candidates who would prefer to complete the subject while it is offered in the CPA Program, it is recommended you do so this semester. You cannot defer this subject in Semester 1 2018. 

Exam structure

The Malaysia Taxation exam is comprised of a combination of multiple-choice and extended-response questions.

Subject aims

The aims of this subject are to provide you with an:

  • overview of the Malaysian taxation system, a sound foundation of the principles of taxation of income and a good appreciation of how these principles and the provisions of the Income Tax Act 1967 are applied in the taxation of individuals, unincorporated businesses and corporations
  • understanding of the investment incentives in Malaysia as well as the provisions of the Real Property Gains Tax Act 1976
  • understanding of the indirect taxation system including the Goods and Services Tax Act 2014

General objectives

On completion of this subject, you should be able to:

  • apply the principles and concepts of taxation and the relevant provisions of the tax legislation to situations you will encounter
  • correctly compute the chargeable income tax payable, real property gains tax payable and indirect taxes in certain situations. 

Subject content

Module Recommended proportion of study time (%)  Weighting (%)
1. Overview of the Malaysian tax regime 5 5
2. General knowledge of income tax 9 9
3. Income tax (Corporate) 19 19
4. Income tax (Business) 7 7
5. Income tax (Individuals) 12 12
6. Income tax (Others) 8 8
7. Cross-border activities 11 11
8. Investment incentives 10 10
9. Real property gains tax 9 9
10. Indirect taxation 10 10
  100 100

Note: The relevant year of assessment for this edition of the study guide is YA 2016.

For further information, see the subject outline (PDF).