In many societies and countries around the world over many centuries, taxation has been acknowledged as a very important tool for national development and growth. The amount of wealth (e.g., public revenue) produced by the economic activities carried out in a society is one of the primary indicators by which development and growth should be assessed. The main purpose of this article is giving a brief overview of the Malaysian tax system by attempting to provide a conceptual framework. The article specifically provides a concise but precise overview of the Malaysian tax system, tax law, and tax policies. This brief overview could lead to better grasp of tax system among interested such as potential investors and taxpayers thus improve future investments and tax revenue.