Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application
In Malaysia, the administration of zakat institutions comes under the respective individual State jurisdictions while that of secular taxes comes under the Federal Government. Unlike Syariah-compliant practices, certain aspects of secular tax practices are not Syariah-compliant. Despite these two fu...
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2023
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Online Access: | http://ir.unimas.my/id/eprint/41219/3/Co-existence.pdf http://ir.unimas.my/id/eprint/41219/ https://hrmars.com/index.php/IJARBSS/article/view/15914/Co-existence-of-Secular-Taxation-and-Syariah-Compliant-Practices-A-Contemporary-Application |
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my.unimas.ir.412192023-02-01T07:49:05Z http://ir.unimas.my/id/eprint/41219/ Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application Ern Chen, Loo Anuar, Muhammad Mohd Waliuddin, Mohd Razali H Social Sciences (General) In Malaysia, the administration of zakat institutions comes under the respective individual State jurisdictions while that of secular taxes comes under the Federal Government. Unlike Syariah-compliant practices, certain aspects of secular tax practices are not Syariah-compliant. Despite these two fundamental diverse features, secular taxation and Syariah-compliant practices have been able to co-exist within the Malaysian fiscal system, made possible by the provisions in Federal secular tax codes and fiscal policies that accommodate Syariah-compliant transactions and arrangements, by explicitly excluding certain Syariah-compliant transactions and arrangements from falling under the ambit of the secular tax laws. In addition, parallel tax treatments based on the principles of tax neutrality and specific tax incentives for Syariah-compliant transactions and arrangements are provided. Human Resource Management Academic Research Society 2023-01-19 Article PeerReviewed text en http://ir.unimas.my/id/eprint/41219/3/Co-existence.pdf Ern Chen, Loo and Anuar, Muhammad and Mohd Waliuddin, Mohd Razali (2023) Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application. International Journal of Academic Research in Business and Social Sciences, 13 (1). 1494 -1503. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/15914/Co-existence-of-Secular-Taxation-and-Syariah-Compliant-Practices-A-Contemporary-Application DOI:10.6007/IJARBSS/v13-i1/15914 |
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In Malaysia, the administration of zakat institutions comes under the respective individual State jurisdictions while that of secular taxes comes under the Federal Government. Unlike Syariah-compliant practices, certain aspects of secular tax practices are not Syariah-compliant. Despite these two fundamental diverse features, secular taxation and Syariah-compliant practices have been able to co-exist within the Malaysian fiscal system, made possible by the provisions in Federal secular tax codes and fiscal policies that accommodate Syariah-compliant transactions and arrangements, by explicitly excluding certain Syariah-compliant transactions and arrangements from falling under the ambit of the secular tax laws. In addition, parallel tax treatments based on the principles of tax neutrality and specific tax incentives for Syariah-compliant transactions and arrangements are provided. |
format |
Article |
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Ern Chen, Loo Anuar, Muhammad Mohd Waliuddin, Mohd Razali |
author_facet |
Ern Chen, Loo Anuar, Muhammad Mohd Waliuddin, Mohd Razali |
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Ern Chen, Loo |
title |
Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application |
title_short |
Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application |
title_full |
Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application |
title_fullStr |
Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application |
title_full_unstemmed |
Co-existence of Secular Taxation and Syariah Compliant Practices : A Contemporary Application |
title_sort |
co-existence of secular taxation and syariah compliant practices : a contemporary application |
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Human Resource Management Academic Research Society |
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2023 |
url |
http://ir.unimas.my/id/eprint/41219/3/Co-existence.pdf http://ir.unimas.my/id/eprint/41219/ https://hrmars.com/index.php/IJARBSS/article/view/15914/Co-existence-of-Secular-Taxation-and-Syariah-Compliant-Practices-A-Contemporary-Application |
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