Page 30 - Spotlight A+ Form 4 & 5 Mathematics KSSM

Form
5
Chapter 4 Consumer Mathematics: Taxation Mathematics
4.1 Taxation purchase of certain goods or use of services.
For example, cigarette tax.
Explain the purpose of taxation • Government policy implementation tool.
• Taxes are used as a tool to control inflation
1. Tax is a method used by the government to and economic recession.
collect revenue from individuals, companies 5. As responsible citizens, we must pay taxes that
and other entities, to channel in the country’s are levied on time.
development projects besides providing various
public facilities for the well-being of citizens. 6. Paying of taxes is not something that is a burden,
in fact it helps to improve the development of the
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2. In Malaysia, taxes are usually collected by nation.
the Inland Revenue Board (IRB), the Royal
Malaysian Customs Department (RMCD) and
several other government departments. Describe various taxes, hence the
consequences of tax evasion from legal and
3. Taxes are usually collected in the form of money financial aspects
based on certain conditions.
4. The purpose and the importance of taxes that are 1. In Malaysia, tax collection is managed by two
levied by the government: main agencies under the Ministry of Finance,
• To smoothen the administration of the namely the Inland Revenue Board (IRB), the
country and to help citizens through the Royal Malaysian Customs Department (RMCD)
development of projects. and the Royal Malaysian Excise.
CHAP.
2. Types of taxes in Malaysia:
Tax 4

Income
Government Citizens tax
– Salary to public – Construction of
sector employees hospitals
– Other expenses – Construction of Service tax Road tax
for managing schools
the government – Free textbooks
administration Types of
taxes

• Property
Entrepreneurs Sales tax assessment
tax
pay taxes to

Government Quit rent

Tax is channeled to underprivileged group A Income tax
through various types of assistance
1. Income tax is a tax paid by individuals,
companies and other entities that earn
• Taxes paid are used as economic stimulants or more than a certain amount after deducting
movers. tax exemptions and tax relief allowed by the
• Taxes can be levied on certain goods or government for the period of the concern year
services so that the citizens can reduce the of assessment.

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