BTA3324: Sales and service tax (SST) was reintroduced on 1 September 2018 to replace goods and services tax (GST): Taxation 2 Assignment, UOW, Malaysia
| University | UOW Malaysia KDU Penang University College |
| Subject | BTA3324: Taxation 2 Assignment |
Scenario
You have been offered a job as a tax consultant in a big four accounting firm. The firm has high value clients including individuals and companies who hire the services of your firm for tax purposes. Your managing partner has asked you to prepare an individual report which covers the following tasks using the latest tax legislations, public rulings, or guidelines.
This is an individual assignment; please ensure that the latest tax laws, public rulings, and tax legislation are applied to fulfil both tasks mentioned in the assignment.
Task 1 (15%)
Sales and service tax (SST) was reintroduced on 1 September 2018 to replace goods and services tax (GST) which lasted 3 years 5 months. Until today Malaysian government still maintain SST as it serves as part of the income for Malaysian government.
Critically discuss the reasons of sales and service tax (other than source of income) that Malaysian government still maintain SST. Additionally, you are also required to discuss the factors that influence non-compliance of sales and service tax and ways to overcome non-compliance of SST especially those companies that are qualified to register and pay SST
(1,500 words)
Task 2 (15%)
Tax evasion refers to an illegal way to reduce the payment of tax liabilities whereas tax avoidance is defined as a proper tax planning exercise to reduce tax liabilities.
Critically discuss the needs of tax audit and investigation on tax evasion. You are required to compare tax evasion with tax avoidance in a table format. In addition, you are also required to provide your own opinion on the ways or methods of reducing tax evasion and tax avoidance.
Get Help By Expert
For BTA3324 Taxation 2 Assignment, Malaysian students can rely on our Malaysian essay writers and cheap assignment helper services. Pay our experts for assistance and sail through your course with ease. From intricate tax concepts to challenging assignments, we've got you covered. Trust us to help you excel in your studies.
Recent Solved Questions
- Accounting Assignment, UM, Malaysia On 1 January 2021, the company decided to issue 200,000 preference shares and 2,000,000 ordinary shares at RM1.40
- BUSN6120: Managerial Economics Course Work, UNM, Malaysia Based on the concept of Porter’s five forces Model existing level of competitive rivalry in the industry
- Project Paper Masters in Education Assignment, AeU, Malaysia My mother says to drink juice because it’s healthy and she says if you don’t drink it you won’t get healthy
- G0302: Web Site Design Report, XUM, Malaysia Submitting or presenting someone else’s work, words, ideas, data or information as your own intentionally or unintentionally
- MPU3233 Assignment 3: Design Thinking Implementation: Prototyping, Testing
- Certified Financial Planner Assignment, UTAR, Malaysia Some weeks ago, you (Danny Lim) a Certified Financial Planner (CFP) and a licensed Financial Planner met your old friend
- Strategic Operation Management Assignment, HWU, Malaysia BP’s operations management and analyze the issues to determine the core problem that led to the Deepwater Horizon Disaster
- BBMP1103: How does a shift in demand and supply affect the equilibrium point in a business market? Mathematics For Management Assignment, OUM, Malaysia
- Malaysian Taxation Assignment: Case Study on Rental & Interest Income for YA2024–2025
- ACC116: Introduction To Cost Accounting Assignment, UITM, Malaysia Rising Fast Sdn Bhd manufactures a complete line of fiberglass attaché cases and suitcases
