Income tax has been an increasing important compliance by all Malaysian to fulfil their responsibility as the tax resident. Due to this, the person who qualified as the tax resident is obliged to submit their tax return form in accordance with the prescribed dates. The Inland Revenue Board (“IRB”) has implemented self -assessment system, which allows the tax payers to make their self- declaration and report for their own tax. Hence, it will be the responsibility of the tax payers to ensure the amount reported is correct. However, the tax payers may not have sufficient knowledge and information in order to compute their tax and to declare to the IRB. Due to this, the tax payers may face severe penalty charged by the IRB. OBJECTIVE: As the responsibility of tax declaration and submission, as well as to confirm the accuracy of the amount of tax paid lies with the tax payers (although the tax payers engage their own tax agent), it is important for the tax payers to know more about the information of tax calculation and the documents keeping, so that the tax payers will not be trapped in the common error, although their tax is to be calculated and submitted by the tax agent. HOW WILL YOU BENEFIT: At the end of this training session, participants will learn to: • Understand the taxability of incomes and deductibility of expenses • Understand the calculation of capital allowances • Apply the correct percentage of tax rate, especially SME • Understand the application of withholding tax on imported services • Understand the effect of tax on the amount due from related companies/directors • Understand the effect of tax on the inter-company transactions • Understand the effect of tax on the expenses claimed by the directors • Understand the ‘mean test’ as in whether the tax payer is having surplus or deficit income • Do correction for SST return • Price 价格 : Price per participant 每位参与者的价格 Course Fee 课程费用 RM 750.00 Early Bird Promo 早鸟价格 (register before 21 st June) RM 600.00 HRDF Claimable Prices include: Speaker Notes, Attendance e-Certificate, Tea Breaks and Lunch 价格包括:演讲者备注,出席电子证书,茶歇和午餐 PROACTIVE INFOTECH SDN BHD HRDF Training Provider This training is HRDF claimable under SBL 附合条件公司 费用可向马来西亚 人力资源资金回索
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Transcript
Income tax has been an increasing important compliance by all Malaysian to fulfil their responsibility as the tax resident. Due to this, the person who qualified as the tax resident is obliged to submit their tax return form in accordance with the prescribed dates.
The Inland Revenue Board (“IRB”) has implemented self-assessment system, which allows the tax payers to make their self-declaration and report for their own tax. Hence, it will be the responsibility of the tax payers to ensure the amount reported is correct.
However, the tax payers may not have sufficient knowledge and information in order to compute their tax and to declare to the IRB.
Due to this, the tax payers may face severe penalty charged by the IRB.
OBJECTIVE:
As the responsibility of tax declaration and submission, as well as to confirm the accuracy of the amount of tax paid lies with the tax
payers (although the tax payers engage their own tax agent), it is important for the tax payers to know more about the information
of tax calculation and the documents keeping, so that the tax payers will not be trapped in the common error, although their tax is
to be calculated and submitted by the tax agent.
HOW WILL YOU BENEFIT:
At the end of this training session, participants will learn to:
• Understand the taxability of incomes and deductibility of expenses
• Understand the calculation of capital allowances
• Apply the correct percentage of tax rate, especially SME
• Understand the application of withholding tax on imported services
• Understand the effect of tax on the amount due from related companies/directors
• Understand the effect of tax on the inter-company transactions
• Understand the effect of tax on the expenses claimed by the directors
• Understand the ‘mean test’ as in whether the tax payer is having surplus or deficit income
• Do correction for SST return •
Price 价格: Price per participant每位参与者的价格
Course Fee 课程费用 RM 750.00
Early Bird Promo 早鸟价格 (register before 21st June) RM 600.00
HRDF Claimable
Prices include: Speaker Notes, Attendance e-Certificate, Tea Breaks and Lunch
价格包括:演讲者备注,出席电子证书,茶歇和午餐
PROACTIVE I N F O T E C H S D N B H D HRDF Training Provider This tra in ing is HRDF c l a i m a b l e u n d e r S B L 附 合 条 件 公 司 费用可向马来西亚 人力资源资金回索
Course Outline
• Effect of 2019 towards tax practices
2019年税务法则
a) Limitation of unabsorbed business loss and capital
allowances
未被吸收的商业损失和资本免税额的限制
b) Restriction of excessive interest between related parties
限制关联方之间的过度利益
• Determination of taxability of income
确定收入的可征税性
a) Determination of other income
确定其他收入
b) Identification of MSIC code
识别业务代码
c) LHDN analysis to each MSIC code
内陆税收委员会对每个业务代码的分析
• Deductibility of expenses
费用的可扣除性
a) Capital vs revenue in nature
资本与收入的性质
b) Record keeping to ensure deductibility of the expenses
记录保存以确保费用的扣除
c) Separation of accounts and segregation of expenses to
each profit and loss
账户分离和费用分离到每个损益
PROACTIVE I N F O T E C H S D N B H D HRDF Training Provider This tra in ing is HRDF c l a i m a b l e u n d e r S B L 附 合 条 件 公 司 费用可向马来西亚 人力资源资金回索
• Cross checking of personal income tax to business tax
将个人所得税交叉核对营业税
• LHDN perspective towards the personal income and
business income
内陆税收委员会对个人收入和业务收入的看法
• Determination of personal income from business income:
从营业收入中确定个人收入:
s 13(1)(a) – Allowances, perquisite, incentive, and etc.
-- 津贴,精品,奖励等
s. 13(1)(b) – Benefit in kind -- 实惠
s. 13(1)(c) – Benefit in kind in relation to rental of
accommodation areas -- 与住宿区租赁相关的实物收益
• Sufficiency of tax declaration and reporting
纳税申报和报告的充分性
a) What is ‘mean test’ --什么是'平均测试'
b) Mechanism of mean test --平均测试机制
c) Self-assessment pre and post decision making on capital
acquisition -- 资本收购前后决策的自我评估
• Review of financial statement – audit and unaudited
审核财务报表 - 审计和未经审计
• LHDN point of view
内陆税收委员会的观点
• Responsibility of director – PR 2/2019 (issued on 14.3.2019)
• Suitable for the following Industries: Manufacturing, Services, Retail, Trading, Processing, Construction, Logistic, Information Technologies, Hospitality and International Businesses.
PROACTIVE I N F O T E C H S D N B H D HRDF Training Provider This tra in ing is HRDF c l a i m a b l e u n d e r S B L 附 合 条 件 公 司 费用可向马来西亚 人力资源资金回索
Course Fees Per Participant No. of participants Total Fees Normal Price English RM750.00/pax pax
华文 RM750.00/pax pax
Early Bird Promo English RM600.00/pax pax
(Register before 21/6/19) 华文 RM600.00/pax pax
Total pax RM
Company Name: _______________________________________ Industries: ____________________________________
Contact person: ________________________________________ Company Tel & Fax No: ________________________
Company Mobile: ______________________________________ Email: _______________________________________