CPA
TAX & INVESTMENT
R E V I E W
2 0 0 6
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Copyright © 2006 by The Malaysian Institute of Certified Public
Accountants
All rights reserved. No part of this publication may be reproduced or
distributed in any form or by any means, or stored in a data base or
retrival system, or transmitted in any form or by any means,
electronic, mechanical, photocopying or otherwise, without the prior
written permission of the publisher.
Perpustakaan Negara Malaysia
Cataloguing in Publication Data
CPA Tax & Investment Review 2006
ISBN 983-2657-14-8
Published by
The Malaysian Institute of Certified Public Accountants
(Institut Akauntan Awam Bertauliah Malaysia) (3246-U)
No. 15, Jalan Medan Tuanku, 50300 Kuala Lumpur, Malaysia
Tel: (603) 2698 9622 Fax: (603) 2698 9403
E-mail: micpa@micpa.com.my Website: www.micpa.com.my
Printed in Malaysia
CPA Tax & Investment Review 2006
iii
The CPA Tax and Investment Review is intended to serve as a quick
source of reference on the latest changes in tax laws and
regulations as well as Government’s policies and guidelines on
investment and incentives.
The publication contains updates on tax laws and regulations, an
index of current amendments to the Income Tax Act and related
legislation, and a summary of recent tax cases. It also contains quick
information on doing business in Malaysia, including Malaysia’s
investment policies and incentives; the procedures for incorporation of
companies; guidelines on foreign investment; list of promoted
activities and products; immigration procedures and the contact
numbers of the relevant Ministries, Government agencies and
regulatory authorities.
The Institute hopes that the publication will not only assist
members in their work as business professionals but also their clients
and other businesses as a handy source of reference on the latest
changes and developments in tax laws, investment policies, incentives
and other relevant information on doing business in Malaysia.
I would like to take this opportunity to thank the Institute’s Tax
Practice