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BTW3153
Malaysian income tax law
Unit Guide
Semester 1, 2015
Copyright © Monash University 2014. All rights reserved. Except as provided in the Copyright Act 1968,
this work may not be reproduced in any form without the written permission of the host Faculty and
School/Department.
The information contained in this unit guide is correct at time of publication. The University has the right
to change any of the elements contained in this document at any time.
Last updated: 25 Feb 2015
Table of Contents
BTW3153 Malaysian income tax law - Semester 1, 2015.......................................................................1
Mode of Delivery..............................................................................................................................1
Workload requirements....................................................................................................................1
Additional workload requirements........................................................................................1
Unit Relationships........................................................................................................................................1
Prohibitions......................................................................................................................................1
Chief Examiner(s)........................................................................................................................................1
Campus Lecturer(s).....................................................................................................................................1
Malaysia...........................................................................................................................................1
Tutor(s)........................................................................................................................................................2
Malaysia...........................................................................................................................................2
Your feedback to Us....................................................................................................................................2
Previous Student Evaluations of this Unit....................................................................................................2
Academic Overview...................................................................................................................................3
Learning Outcomes.........................................................................................................................3
Unit Schedule.............................................................................................................................................4
Teaching Approach..........................................................................................................................4
Assessment Summary.....................................................................................................................5
Hurdle Requirements...........................................................................................................5
Second marking...................................................................................................................5
Return of final marks............................................................................................................5
Exam viewing.......................................................................................................................5
Assessment criteria..............................................................................................................6
Assessment Requirements......................................................................................................................7
Assessment Tasks...........................................................................................................................7
Assessment task 1...............................................................................................................7
Examination(s).............................................................................................................................................8
Examination 1..................................................................................................................................8
Learning resources......................................................................................................................................8
Feedback to you..........................................................................................................................................9
Extensions and penalties.............................................................................................................................9
Returning assignments................................................................................................................................9
Resubmission of assignments.....................................................................................................................9
Referencing requirements...........................................................................................................................9
Assignment submission...............................................................................................................................9
Hard copy submission.....................................................................................................................9
Online submission.........................................................................................................................10
Prescribed text(s) and readings.....................................................................................................10
Recommended Resources........................................................................................................................10
Examination material or equipment...........................................................................................................10
Other Information....................................................................................................................................11
Policies..........................................................................................................................................11
Graduate Attributes Policy.................................................................................................11
Student Charter.........................................................................................................................................11
Student services........................................................................................................................................11
Monash University Library.........................................................................................................................11
Moodle 2....................................................................................................................................................11
Disability Liaison Unit................................................................................................................................12
BTW3153 Malaysian income tax law - Semester 1, 2015
The topics are similar to those covered by the equivalent Australian income tax law unit BTC3150, but
lectures and tutorials will concentrate on the legislation and case law which applies in Malaysia. Topics
include background to the Malaysian legal and taxation systems; income for businesses, individuals,
companies, partnerships and trusts; deductions; capital allowances (the Malaysian equivalent of
depreciation); personal reliefs; tax incentives; the limited capital gains tax; tax administration and tax
avoidance.
Mode of Delivery
Malaysia (Day)
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per
semester typically comprising a mixture of scheduled learning activities and independent study.
Independent study may include associated readings, assessment and preparation for scheduled
activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled
activities may include a combination of teacher directed learning, peer directed learning and online
engagement.
See also Unit timetable information
Additional workload requirements
2 hours of lectures and 1 hour of tutorial per week.
Unit Relationships
Prohibitions
BTC3153
Chief Examiner(s)
Professor Jeyapalan Kasipillai
Campus Lecturer(s)
Malaysia
Professor Jeyapalan Kasipillai
Dr Ravindra Narayanan
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BTW3153 Malaysian income tax law - Semester 1, 2015
Tutor(s)
Malaysia
Professor Jeyapalan Kasipillai
Dr Dr Ravindra Narayanan
Ms Nirmala Pasupathy
Your feedback to Us
Monash is committed to excellence in education and regularly seeks feedback from students, employers
and staff. One of the key formal ways students have to provide feedback is through the Student
Evaluation of Teaching and Units (SETU) survey. The University’s student evaluation policy requires that
every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The
feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied
and areas for improvement.
For more information on Monash’s educational strategy, see:
www.monash.edu.au/about/monash-directions/ and on student evaluations, see:
www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html
Previous Student Evaluations of this Unit
Clear delivery by the teaching team of a technical unit such as tax.
Goods and Services Tax has been incorporated to make the unit more comprehensive.
If you wish to view how previous students rated this unit, please go to
https://emuapps.monash.edu.au/unitevaluations/index.jsp
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Academic Overview
Learning Outcomes
The learning goals associated with this unit are to:
1. describe the taxation concept of income
2. critically assess the major income and deduction components comprising taxable income
3. identify the main taxable entitles and calculate how they are taxed
4. analyse and apply the main administrative aspects of income tax law
5. demonstrate an awareness of current income tax developments in Malaysia.
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Unit Schedule
Week
Activities
0
Assessment
No formal assessment or activities are
undertaken in week 0
1
Introduction, Basis of Assessment & Income (Chps
1,5,7 & 11 - Malaysian Taxation)
2
Business Income (Chp 8 - Malaysian Taxation)
3
Employment Income / Individuals (Chps 3,4 & 9 Malaysian Taxation)
4
General and Specific Deductions (Chp 10 - Malaysian
Taxation)
5
Capital Allowance & Accelerated Depreciation (Chp 12
- Malaysian Taxation)
6
Corporate Tax / Companies (Chp 1 - Advanced
Malaysian Taxation)
7
Partnerhip Income - (Chp 6 - Malaysian Taxation)
8
Tax Incentives & Labuan International Financial
Centre - (Chps 8,10 & 11 - Advanced Malaysian
Taxation)
9
Goods and Services Tax (GST) (Chp 15 - Advanced
Malaysian Taxation)
10
Real Property Gains Tax & Tax Administration &
Avoidance - (Chp 12- Advanced Malaysian Taxation;
Chp 2 - Malaysian Taxation & Chp 3 - Advanced
Malaysian Taxation respectively)
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Revision (Part 1) - Material covered in Lectures 1-5
12
Revision (Part 2) - Material covered in Lectures 6-10
Assignment Question given to students
Assignment (worth 20%) due at 12.00
noon on Friday 17th April 2015
SWOT VAC
No formal assessment is undertaken
SWOT VAC
Examination period
LINK to Assessment Policy:
http://policy.monash.edu.au/policy-bank/
academic/education/assessment/
assessment-in-coursework-policy.html
Teaching Approach
Lecture and tutorials or problem classes
This is because the unit is technical and many concepts have to be taught to the students and applied in
real life problem type scenarios during tutorials in order for students to appreciate the workings of the
concepts.
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Unit Schedule
Assessment Summary
Within semester assessment: 20%
Examination: 80%
Assessment Task Value
Due Date
Assignment
20%
12.00 noon on Friday 17th April 2015
Examination 1
80%
To be advised
Hurdle Requirements
There is a hurdle requirement in this unit.
The learning outcomes in this unit require students to demonstrate in the final summative
assessment task a comprehensive understanding of the topics covered in the unit. This is
demonstrated by the requirement that the student must attain a mark of at least 50% in the final
summative assessment task.
A student's final mark is normally the sum of the marks obtained in all of the individual
assessment items in the unit. Where a student fails the unit solely because of failure to satisfy
the hurdle requirement, a mark of 48 will be returned for the unit.
Second marking
Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again
by a second examiner who will independently evaluate the work, and consult with the first marker. No
student will be awarded a fail grade for an assessment task or unit without a second examiner confirming
the result.
Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark,
unless the total of such pieces exceeds 30% of the final mark.
Return of final marks
Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board
of Examiners on the recommendation of the Chief Examiner taking into account all aspects of
assessment'.
The final mark for this unit will be released by the Board of Examiners on the date nominated in the
Faculty Calendar. Student results will be accessible through the my.monash portal.
Exam viewing
Exam viewing will be as advised by the Course Management Office at Monash Malaysia.
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Unit Schedule
Assessment criteria
Assessment Criteria Grading Descriptors available at:
http://www.buseco.monash.edu.au/esg/agu/policies/assessment.html.
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Assessment Requirements
Assessment Tasks
•
Assessment task 1
Title:
Assignment
Due date:
12.00 noon on Friday 17th April 2015
Details of task:
Individual Research Assignment on the Malaysian Income Tax Law scene.
Word limit:
2,500 words
Weighting/Value:
20%
Presentation requirements:
Type written individual research assignment using footnotes as appropriate for a law
assignment (not Harvard or in-text referencing).
Estimated return date:
Effort will be made to return assignments by Week 10. The assignments will be returned
in the lectures.
Hurdle requirements:
There is a hurdle requirement in this unit.
The learning outcomes in this unit require students to demonstrate in the final summative
assessment task a comprehensive understanding of the topics covered in the unit. This is
demonstrated by the requirement that the student must attain a mark of at least 50% in
the final summative assessment task.
A student's final mark is normally the sum of the marks obtained in all of the individual
assessment items in the unit. Where a student fails the unit solely because of failure to
satisfy the hurdle requirement, a mark of 48 will be returned for the unit.
Criteria for marking:
Assessment Criteria Grading Descriptors available at:
http://www.buseco.monash.edu.au/esg/agu/policies/assessment.html.
Assessment Task
Value
Due Date
Assignment
20% [20 marks]
17 April 2015
12noon
Examination
80%
To be advised
Learning objectives assessed:
Learning Objective 5.
Submission details:
Hard copy submission into the Assignment Collection Box at Level 5, Building 6, by 12
noon on Friday the 17th of April 2015.
Please keep a copy of the assignment for your own records.
Please see the assignment question for further instructions.
Penalties for late lodgement:
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Assessment Requirements
In accordance with BLT policy, late submissions shall be penalised by 2 marks per day
or part day (being 10% of the vaule of the assignment). Thus, an assignment that is
submitted more than 59 minutes after the due date and time on the day the assessment is
due will have 2 marks deducted. An assessment submitted on the day after the
assignment due day will have 4 marks deducted.
This policy is applied to ensure consistency across all BLT units and to ensure that
students submitting late do not gain any unfair advantage over those students submitting
before the due date and time.
Late submissions will not be accepted more than 10 calendar days after the prescribed
due date.
Assessment coversheet:
Work submitted for assessment must be accompanied by a signed copy of the
'assignment cover sheet'. Assignments that are submitted without this sheet properly
completed will not be marked.
Assignments must be the separate individual work of the student whose name appears on
the cover sheet. Group submission is not permitted.
Examination(s)
• Examination 1
Weighting:
80%
Length:
3 hours
Type (open/closed book):
Open book
Hurdle requirements:
There is a hurdle requirement in this unit.
The learning outcomes in this unit require students to demonstrate in the individual
summative assessment task a comprehensive understanding of the topics covered
in the unit. This is demonstrated by the requirement that the student must attain a
mark of at least 50% in the final summative assessment task.
A student's final mark is normally the sum of the marks obtained in all of the
individual assessment items in the unit. Where a student fails the unit solely
because of failure to satisfy the hurdle requirement, a mark of 48 will be returned
for the unit.
Electronic devices allowed in the exam:
Calculators and electronic calculators allowed.
Remarks:
Learning objectives are assessed.
Learning resources
Monash Library Unit Reading List (if applicable to the unit)
http://readinglists.lib.monash.edu/index.html
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Assessment Requirements
Feedback to you
Types of feedback you can expect to receive in this unit are:
• Informal feedback on progress in labs/tutes
• Graded assignments with comments
• Other: Students are welcome to visit the teaching staff during consultation hours with queries on
the subject matter and seminar questions and staff members will provide oral feedback.
Extensions and penalties
All applications for an extension of time allocated to an assessment task must be made by completing
the application form found at URL. http://www.buseco.monash.edu.au/student/exams/speccon.html.
The form must be submitted by hand to the Chief Examiner, Professor Jeyapalan Kasipillai, before the
assignment due date for approval.
Extensions will not be granted on grounds of extra work or study commitments, even if those
commitments occur in the week prior to the assignment being due.
Penalties
A penalty of 2 marks will be deducted for each day or part of a day that the assignment is late.
Returning assignments
Marked assignments will be returned to students during the lecture or tutorials.
Resubmission of assignments
Not permitted.
Referencing requirements
Work submitted for this assessment must follow the Faculty Style as outlined in the Faculty Q Manual.
Copies of this Manual can be obtained online at URL:
http://www.buseco.monash.edu.au/publications/qmanual/.
Footnotes must be used and not Harvard referencing.
Assignment submission
Hard copy submission
Assignment is due 12.00noon, Friday 17 April 2015.
All assignments must be accompanied by a signed Assignment Cover Sheet and submitted via the
School of Business’ assignment collection box on Level 5 Building 6.
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Assessment Requirements
Online submission
There is no electronic submission for this unit.
Prescribed text(s) and readings
Prescribed text(s) and readings
- Jeyapalan Kasipillai, “A Guide to Malaysian Taxation” McGraw-Hill, 3rd Edition, 2015
- Jeyapalan Kasipillai, “A Guide to Advanced Malaysian Taxation” McGraw-Hill, 3rd Edition, 2015
- Income Tax Act 1967 (Malaysia) (latest reprint)
Recommended Resources
Recommended text(s) and readings
- Jeyapalan Kasipillai, "A Guide to Goods and Services Tax" McGraw-Hill, 1st Edition, 2015
- Promotion of Investments Act 1986 (as revised)
- Real Property Gains Tax Act 1976 (as revised)
- Goods and Services Tax Act 2014
- “2015 Budget Commentary and Tax Information” prepared by CTIM, MIA & CPA (Malaysia)
Library resources
The Monash University Library provides a range of services and resources that enable you to save time
and be more efficient in your learning and research at URL: http://www.lib.monash.edu.au/ or via the
Library tab in the my.monash portal.
Blackboard (MUSO)
All unit and lecture materials, plus other information of importance to students, are available through the
MUSO (Monash University Studies Online) site. You can access MUSO via the My.Monash Portal:
http://my.monash.edu.au/
Examination material or equipment
It is an open book examination where students can bring in their textbooks and notes as well
as calculators, including electronic calculators.
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Other Information
Policies
Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and
students are aware of the University’s academic standards, and to provide advice on how they might
uphold them. You can find Monash’s Education Policies at:
www.policy.monash.edu.au/policy-bank/academic/education/index.html
Key educational policies include:
• Student Academic Integrity Policy and Student Academic Integrity: Managing Plagiarism and
Collusion Procedures ;
• Assessment in Coursework Programs;
• Special Consideration;
• Grading Scale;
• Discipline: Student Policy;
• Academic Calendar and Semesters;
• Orientation and Transition; and
• Academic and Administrative Complaints and Grievances Policy.
Graduate Attributes Policy
http://www.policy.monash.edu/policy-bank/academic/
education/management/monash-graduate-attributes-policy.html
Student Charter
www.opq.monash.edu.au/ep/student-charter/monash-university-student-charter.html
Student services
The University provides many different kinds of support services for you. Contact your tutor if you need
advice and see the range of services available at http://www.monash.edu.au/students
Monash University Library
The Monash University Library provides a range of services, resources and programs that enable you to
save time and be more effective in your learning and research. Go to www.lib.monash.edu.au or the
library tab in my.monash portal for more information.
Moodle 2
All unit and lecture materials, plus other information of importance to students, are available through the
virtual learning environment Moodle site. You can access Moodle via the my.monash portal.
Where to go for help
If you're stuck, confused or simply not sure how to approach Moodle, there are a number of Moodle
resources that you can tap into.
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Other Information
Disability Liaison Unit
Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit to
discuss academic support services. Disability Liaison Officers (DLOs) visit all Victorian campuses on a
regular basis.
• Website: http://www.monash.edu/equity-diversity/disability/index.html
• Telephone: 03 9905 5704 to book an appointment with a DLO;
• Email: [email protected]
• Drop In: Equity and Diversity Centre, Level 1, Building 55, Clayton Campus.
Your feedback to Us
Monash is committed to excellence in education and regularly seeks feedback from students, employers
and staff. One of the key formal ways students have to provide feedback is through the Student
Evaluation of Teaching and Units (SETU) survey. The University’s student evaluation policy requires that
every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The
feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied
and areas for improvement.
Teaching staff will communicate with students between lectures via this unit's Moodle site and email.
Please make sure that you check Moodle and your student email account regularly.
Unit guide link http://www.buseco.monash.edu.au/unit-guide/.
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