3 Questions
Year of Assessment refers to the tax year in which the income tax is calculated and charged.
True
What is the Year of Assessment (YA) if my income is earned from 15 Mar 2022 to 31 Dec 2022?
YA 2023
How is the chargeable income calculated?
It is calculated using income less of personal reliefs or (income - personal reliefs)
Test your knowledge on the concept of Year of Assessment in taxation. Learn how it affects income tax calculation and charging. Prepare to assess your understanding!
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