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17-06-2024
Business

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Emili is a sole proprietor who sells fragrance rice at Kota Laksamana, Melaka. Her actual tax liability for YA2021 amounted to RM17,828, while the total tax instalments paid amounted to RM9,000. Calculate the penalty (if any). What do you understand by Self-assessment system? In your opinion, why this system is beneficial to both government and taxpayers?

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