Withholding Tax & Transfer Pricing Framework
Course Information
  • 07-Oct-2019
  • DoubleTree Hilton, Kuala Lumpur
  • Gan Soon Shyang
  • English
  • RM 580
(A) INTRODUCTION

With the rapid development and modernization globally, many businesses have gone international with a simple click of button on the computer. In this respect, the transactions are made over the broadband of the internet to every corner of the globe.

Due to such development, companies are facing more and more invoice for expenses from around the world, which can be claimed for tax deduction. However, in the position of IRB, it may be a losing end and will reduce the income of the country. Hence, IRB has developed a set of law that cover the international transactions, especially on purchasing the importing services, as there is no acknowledgement or counter check by Royal Malaysian Customs of Malaysia.

At the same time, the rapid development of the industry of the nation also result in more and more companies set up in the country. This has resulted more than 3 companies a director can hold and the inter-company transactions have become increasingly heavy and complicated. Therefore, IRB has set a transfer pricing rule to govern the happening of such events.

(B) OBJECTIVE

The seminar focuses in managing the expenses invoiced from the overseas/foreign service provider and how IRB will treat this kind of expenses. It also focuses on the way to manage the situation where a director possesses more than 3 companies, which the IRB will impose and audit on them.

(C) HOW WILL YOU BENEFIT

At the end of this training session, participants will learn to:
• Understand the withholding tax implication between employment and self-employed circumstance
• Understand the country-to-country treaties and the different of the tax rates charged for different countries
• Apply the correct percentage of tax rate
• Understand the law governing the application of withholding tax
• Understand the documents needed as the evidence for declaration and submission of withholding tax
• Understand the cost and penalty should the withholding tax is failed to be declared and paid in the allowed timeline

(D) WHO SHOULD ATTEND

• Business Owners, Directors, General Managers
• Financial Controllers, Chief Financial Officers
• Finance Managers, Accountants & Accounts Executives
• HR Managers, Marketing Managers, Operation Managers
• Suitable for the following Industries : Manufacturing, Services, Retail, Trading, Processing, Construction, Logistic, Information Technologies, Hospitality and International Businesses

(E) METHODOLOGY

Lecture, power point presentation, discussions, questions & answers session

(F) DATE & TIME

Date: 7 October 2019 (Mon)
Time: 9AM - 5PM
Venue: DoubleTree Hilton, Kuala Lumpur

(G) FEE. [HRDF CLAIMABLE]

Early Bird Offer (before 12 September 2019) - RM460
Special Offer (before 26 September 2019) - RM520
Normal Fee - RM580

- Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax

DISCOUNTS:
(a) 10% discount for Group Registration of 3 pax or more
(b) 10% OVERRIDING DISCOUNT for SST2u Loyalty Card Members

(H) COURSE OUTLINE

(A) MORNING SESSION

[01] Development of Transfer Pricing Rule (TP) 2012
a) Scope of charge
b) Documents required to substantiate the TP relationship
c) What is arm’s length price on comparable transaction

[02] Intra-Group Services
a) Implication of intra-group services towards the TP rule
b) Cost contribution arrangement
c) Interest in financial assistance
d) Permanent establishment as a separate entity

[03] Transfer Pricing Methodologies

[04] Business Restructuring

[05] Retention of Records

[06] Penalty

LUNCH BREAK

AFTERNOON SESSION

[07] Special Income Chargeable to Withholding Tax
a) Definition of special income – s 4A
b) Exemption and recent changes for the application of withholding tax on special income

[08] Other Income in the Scope of Withholding Tax
a) Contracted work
b) Interest income
c) Royalties
d) Other imported services
e) Tax rates applied for different income

[09] Management of Withholding Tax
a) Documents needed for payment
b) Timeline of payment made and remission of withholding tax
c) Calculation of withholding tax
i) Prior to proposal in Budget 2019
ii) Proposed calculation in Budget 2019
d) Penalty charged by IRB on failure to remit

• Question & Answer

END SEMINAR

(I) SPEAKER PROFILE

GAN SOON SHYANG
- HRDF-Certified Trainer

Gan is the Partner of an established firm, who is a MIA member with ACCA qualification, has over 10 years of experience in the field of Taxation and Audit. He started work in a medium size audit firm and moved to a Big ten audit firm and subsequently started up with his own firm. He has vast experience in preparing and reviewing of auditing and taxation. Recently Mr. Gan intensively involves and represents clients in Tribunal and Special Commissioners of Income Tax for appeal in any taxation cases.

A HRDF-certified trainer, he is sought-after for his trainings on Taxation. He has conducted various GST/ Taxation training courses in East and West Malaysia. He is also a GST/ Tax advisor for established SMEs, Airline, Oil and Gas related company and Manufacturing companies. He has good working relationship with various local business association involved in GST/ Taxation matters.

(J) REGISTRATION/ ENQUIRY

Email: SSTcourse@gmail.com

Enquiry:
Han (019 - 323 0507)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Teo (011 - 3178 9203)
Phang (03 - 8082 3357)