Malaysian Taxation Principles and Practice, 32nd Ed by Choong Kwai Fatt | 2026*
| Author |
Choong Kwai Fatt
|
| Publication Date |
2026 |
| ISBN |
9789672289166 |
Format
|
Hardcopy |
| Publisher |
InfoWorld |
Malaysian Taxation Principles & Practice, 32nd Edition is a widely recognized and authoritative reference on Malaysian taxation. Updated annually, it is regarded as one of the most comprehensive, accurate, and reliable tax texts available in Malaysia. Covering 40 chapters, the book provides extensive guidance on income tax, withholding tax, real property gains tax, dividend tax, capital gains tax, sales tax, and service tax.
The book offers comprehensive coverage of taxation relating to business, employment, and investment income, as well as business deductions and capital allowances, including industrial building allowances, agricultural allowances, and forest allowances. It systematically examines tax administration matters such as the self-assessment system, tax collection, return filing, penalties, and offences, with clear explanations of their operation and practical application. For completeness, the text also addresses domestic statutory appeals, judicial review procedures, and tax computations for companies, partnerships, and individuals.
The publication incorporates the latest legislative updates, including the Finance Act 2025 and the Measures for the Collection, Administration and Enforcement of Tax Act 2025. Its coverage is further enhanced by extensive references to 10 Public Rulings, 4 IRB Practice Notes, 6 Operational Guidelines, 18 Technical Guidelines, 5 audit and compliance frameworks, Professional Dialogues, PU(A) orders, and relevant judicial decisions issued in 2025 and 2026, providing readers with up-to-date and practical insights into Malaysia’s evolving tax landscape.
This book serves as a valuable tax learning resource for accounting and business students in colleges and universities, as well as trainee accountants preparing for professional qualifications. It presents complex tax principles in a clear and accessible manner without compromising technical rigor or accuracy, while placing strong emphasis on practical application and real-world tax computations.
The book is an essential reference for auditors, tax practitioners, finance professionals, lawyers, and individuals seeking to build or advance a career in taxation. It provides comprehensive and practical guidance that supports both professional practice and continuing development in the field of tax.
The law has been updated to reflect the position as at 15 April 2026.
The subjects covered are as follows:
- Scope of charge
- Residence status
- Chargeable income
- Employment income
- Interest and dividend income
- Rental and royalty income
- Other sources of income
- Business income
- Business expenses
- Tax incentive on business deductions
- Capital allowance and charges
- Industrial building allowance
- Basis period and change in accounting dates
- Partnership
- Personal reliefs and rebates
- Dividend Tax
- Personal taxation
- Company taxation
- Withholding tax
- Mining expenditure and prospecting expenditure
- Agriculture and forest allowance
- Returns and assessments
- Self-assessments
- Collection and recoveries
- Appeals
- Error or mistake relief
- Judicial review
- Penalties and offences
- Real property gains tax (RPGT)
- Capital gains tax (CGT)
- Sales tax (Including low value goods)
- Service tax
About the Author:
Dr. Choong Kwai Fatt is a tax advocate and consultant who provides comprehensive tax and advisory services to corporations, non-profit organisations, and government bodies. With multidisciplinary expertise spanning accounting, law, and auditing, he brings a well-rounded and strategic perspective to complex tax matters.
His professional journey includes tenure at Pricewaterhouse Tax Services Sdn Bhd, complemented by experience in private legal practice and over 19 years in academia at the University of Malaya. This unique blend of industry, legal, and academic exposure equips him with deep practical insight and strong analytical capabilities in addressing multifaceted tax and regulatory issues.
Dr. Choong is an Advocate and Solicitor of the High Court of Malaya and a member of the Malaysian Bar. He is also a Fellow of the Association of Chartered Certified Accountants (ACCA), as well as a member of both the Malaysian Institute of Certified Public Accountants (MICPA) and the Malaysian Institute of Accountants (MIA).
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