The Federal Government revenue which includes taxation is classified into four main categories, namely Tax Revenue, Non-Tax Revenue, Non-Revenue Receipts and Revenue from Federal Territories.
Tax Revenue is classified into Direct Tax Revenue and Indirect Tax Revenue.
Direct Tax Revenue
Indirect Tax Revenue
Non-Tax Revenue consists of:-
There are two types of taxes in Malaysia which consists of direct tax and indirect tax.
What is Direct Tax?
Direct tax is a tax that is levied on a person or enterprise’s income. The taxpayer is paid directly to the tax collector. Inland Revenue Board Malaysia (IRBM) is responsible for the direct tax. The direct tax consists of: