Introductory Report | Table of Contents TAX UPDATE SEPTEMBER 2002 INTRODUCTION Through this publication, we aim to provide a useful summary of important developments in tax law or Inland Revenue rulings over the last 12 months to September 2002. It is prepared by our people, perpetuating a tradition of providing clients and associates with the benefit of an annual Update. The Update captures a wide spectrum of tax changes and developments including reports on selected tax cases. Legislative changes on indirect taxes and those pertaining to Labuan, our useful financial centre, are also included. This publication is intended for general information only and reference should be made to the easily accessible rulings themselves wherever necessary. We also recommend that readers consult us at any of our offices shown on the back cover before acting on any material contained herein. Deloitte KassimChan Tax Services Sdn Bhd Deloitte Touche Tohmatsu Tax Services Sdn Bhd Malaysia 16th September, 2002 Our Mission - "To help our clients and our people excel." Deloitte KassimChan Tax Services Sdn Bhd and Deloitte Touche Tohmatsu Tax Services Sdn Bhd are member firms of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, delivering world-class assurance and advisory, tax and consulting services through its national practices. More than 95,000 people in 140 countries serve almost one-fifth of the world's largest companies as well as large national enterprises, public institutions, and successful fast-growing companies. Our internationally experienced professionals strive to deliver seamless, consistent services wherever our clients operate.