Different Types of Taxes in Malaysia
How many types of taxes are in Malaysia? There are two types of taxes in Malaysia which consists of direct tax and indirect tax. 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 […]
Real Property Gain Tax (RPGT): Capital vs Trading
[vc_row][vc_column][vc_column_text] Capital or Revenue Tax The conceptual difference between capital and revenue tax is that tax paid on income earned from wages, rent, interest and business are termed as revenue tax whereas capital tax is generally referred to tax paid on sale or exchange of an asset such as stock or property. There is no […]
