Special Tax Scheme for Malaysia’s Social Enterprise: An Incentive for Public Good

Radzi, Shahril Nizam Md; Rahim, Syarizal Abdul; Zainol, Noor Raihani; Ariff, Zuhairah; Mansyar, Munirah; Daud, Raja Rosnah Raja

doi:10.1007/978-3-030-69221-6_79

Cited by 1 publication

(9 citation statements)

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“…Therefore, this issue leads to disadvantages for newcomers who want to start SEs, as no legal framework can be used as a reference. Nevertheless, Radzi et al, (2021) highlighted that in 2019, Malaysia launched the Guidelines for Social Enterprise Accreditation (SEA), which is a national certification that recognizes legitimate SEs. The SEA intends to certify the status of SEs to help the SEs sector access great support and opportunities to grow.…”

Section: Social Enterprise and Taxation Policy: Malaysian Perspectivementioning

confidence: 99%

“…Despite having new regulations and accreditations toward SEs in Malaysia, no privilege exists in terms of tax exemption on SEs. Furthermore, tax deduction incentives are for those who contribute (individual and corporate donors) to SEs ("MaGIC Central" n.d.;Radzi et al, 2021). The reason is that SEs in Malaysia are registered under the Companies Act 2016 Section 45 as companies limited by guarantee or as companies limited by shares.…”

Section: Social Enterprise and Taxation Policy: Malaysian Perspectivementioning

confidence: 99%

“…Here, studies on taxes are not often discussed from the SEs perspectives among scholars. Based on our findings, two studies specifically discuss taxation and SEs, namely, those by Radzi et al, (2021) and Killian and O'Regan (2019). Radzi et al, (2021) attempted to discover the possibility of a new tax treatment that can be implemented on SEs in Malaysia.…”

mentioning

confidence: 98%

“…Based on our findings, two studies specifically discuss taxation and SEs, namely, those by Radzi et al, (2021) and Killian and O'Regan (2019). Radzi et al, (2021) attempted to discover the possibility of a new tax treatment that can be implemented on SEs in Malaysia. Meanwhile, Killian and O'Regan (2019) reviewed tax policies by highlighting the significance and applicability of tax considerations to the aim of achieving effective sustainable development and social value.…”

mentioning

confidence: 98%

“…As presented in most previous studies commonly focused on development (Doherty & Kittipanya-ngam 2021;García-Jurado et al, 2021;Popkova & Sergi 2019), SEs sustainability (Ketprapakorn & Kantabutra 2019;Mahfuz Ashraf et al, 2019;Samsuddin et al, 2021), and legal framework (Kadir et al, 2019;Nizam et al, 2017;Ye 2021). Two studies concentrated on tax policies in SEs (Killian & O'Regan 2019;Radzi et al, 2021), two papers focused on public policy Choi & Park 2020), and two other studies were conducted from the financing perspective (Akbulaev et al, 2019;Subačienė et al, 2019). Most remaining papers concentrated on typology to analyze the definitions of SEs (Erpf et al, 2019).…”

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confidence: 99%

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Social Enterprise and Taxation Policy: A Systematic Literature Review

Palil

Ismail

Zain

et al. 2021

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<div><table cellspacing="0" cellpadding="0" align="left"><tbody><tr><td align="left" valign="top"><p class="AbstractText">Malaysia is likely to introduce new laws on social enterprises of taxation. However, the important questions are whether the said laws are adequate. This study explores previous research on social enterprises and taxation to gain a further understanding through a systematic literature review on social enterprises and taxation from the Malaysian perspective. This is normative legal research. The data was gathered through library research which consisted of numerous publications. This study concludes that tax and social enterprises, perhaps due to the different economic structures in each country, result in taxation being slightly discussed by previous scholars. Nevertheless, we clearly define social enterprises from different perspectives, including the characteristics present in social enterprises. Moreover, the perspective regarding tax relief for social enterprises in Malaysia has been highlighted. Although Malaysia has introduced a new policy to support its social enterprises with Social Enterprise Accreditation, a more significant regulatory or tax incentives approach is needed to support social enterprises in Malaysia.</p></td></tr></tbody></table></div>

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Section: Social Enterprise and Taxation Policy: Malaysian Perspectivementioning

confidence: 99%

Section: Social Enterprise and Taxation Policy: Malaysian Perspectivementioning

confidence: 99%

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confidence: 98%

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confidence: 98%