Employers Tax Statutory Requirements & Employment Budget 2020
Course Information
  • 26-Feb-2020
  • Pullman Hotel, Bangsar
  • Wendy Tee
  • Mandarin
  • RM 680 RM 520
    Until 26 Jan 2020
  • 9am - 5pm
(A) Introduction
Payroll is one of the most important function in all companies and crucial to the continuous running of your organization. It is a task every company must perform on a monthly basis and naturally many mistakes can happen during the process of calculations. Many of these mistakes can easily be avoided if the person well versed with both the latest in Employment Laws as well as know exactly how salaries are tabulated. Most professionals involved in Payroll do not have formal training in it but leaned it through experience. Many are also from Finance background but lack the understanding on the various employment laws dictating payroll calculations and administration. Some are totally reliant in payroll software but fail to realize that there are limitations in a payroll software which you would not have known if you did not know how to perform manual payroll calculations.

Compliance with employer's tax obligations such as annual reporting of income would be at the forefront of a company's agenda, especially in the first quarter of 2020.The Inland Revenue Board of Malaysia (IRBM) is focusing on fostering compliance among taxpayers. Employer audits are common and expected to increase with time. How would an employer ensure compliance in terms of its tax reporting responsibilities? This event provides an essential understanding of the various tax implications on payroll reporting and the benefits provided to its employees.

This workshop also includes many of the latest updates including the new Minimum Wage RM 1,200 effective 2020 as well as Amendments to the Employment Act with regards to matter such as payment of wages, limitations on advances to employees among others. Also, the latest in income tax that affects payroll will also be discussed. By attending this workshop, you will be assured of all the latest information for budget 2020

(B) Course Objectives
Upon completion of this programme, participants will be able to:
• Understand the guideline of payroll administration and calculation under Malaysia laws.
• Updates & reminders on preparing for the 2020 tax reporting period
• Updates and recent developments of concern to employers and employees
• Understand reporting requirements on Form E and Form EA, as well as any practical reporting issues
• Tax issues relating to compensation and benefits
• Being prepared for a payroll audit by IRBM
• Common mistakes and misconceptions in preparing the employer's tax declaration

(C) Who Should Attend
CEOs / General Managers / Human Resource Managers & Executives / Payroll Personnel / Financial Controllers, Managers & Accountants

(D) Date/Venue
Date: 26 February 2020 (Wed)
Time: 9AM - 5PM
Venue: Pullman Kuala Lumpur, Bangsar

(E) Fees
- Early Bird Offer (before 26 Jan 2020) - RM520
- Special Offer (before 12 Feb 2020) - RM600
- Normal Fee - RM680

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

(i) 10% overriding discount for SST2u Loyalty Card Members

(F) Course Contents
Module 1: Employers' reporting and compliance responsibilities in 2020
单元1: 雇主在2020年的报告和遵守责任
• Submission of forms due in 2019 - Forms E, EA, CP 39 etc.
• Notification of commencement and cessation of employment – Forms CP21, CP22, etc.
• Monthly Tax Deductions [MTD], including Forms PCB/ TP1 & TP3, e-PCB
Module 2 : Income Tax & monthly tax deduction ( MTD)

单元2: 所得税和每月减税额(MTD)
• Definition of wages for income tax deductions
• Minimum income level for income tax deduction
• Normal vs additional remuneration
• Exemptions from tax
• Using the schedule to compute MTD / PCB
• Using the formula method to compute MTD / PCB
• Compulsory and optional deductions
• Rebates after tax
• Date of contribution
• Deductions for previous years

Module 3: Benefits in Kind and Other Perks
单元3: 实物和其他福利
• What are benefits-in-kind and perks
• Calculating value of perks
• Value of Living Accommodation (VOLA)
• Formula and prescribed value methods of determining values
• Employee Share Option Schemes (ESOS)
• Preparing the EA

Implication to employers in respect of income tax deductions or
exemptions on the following employee related payments and
tax borne by employers
• Employee's pecuniary liabilities
• Credit card facilities
• Loan interest
• Recreational club membership
• Tuition or school fees of child
• Insurance premiums
• Gardener, driver, domestic help or guard
• Scholarship
• Waiver of loan or advance
• Assets provided free of charge or sold at discounted prices
• Gift vouchers
• Gift of personal computers
• Excellent public service award
• Professional subscriptions
• Gratuity/Retirement benefit
• Travelling, meal, parking, childcare allowance, etc.
• Mobile phone benefits
• Staff discounts
• Medical benefits
• Compensation for loss of employment
• Others, including tax reliefs & tax rebates
• 员工的金钱负债
• 信用卡设施
• 贷款利息
• 休闲俱乐部会员资格
• 儿童的学费或学费
• 保险费
• 园丁,司机,家庭帮助或警卫
• 奖学金
• 放弃贷款或预付款
• 免费提供或以折扣价出售的资产
• 礼券
• 个人电脑礼品
• 优秀的公共服务奖
• 专业订阅
• 小费/退休福利
• 旅游,用餐,停车,儿童保育津贴等
• 手机优惠
• 员工折扣
• 医疗福利
• 失业补偿
• 其他,包括税收减免和退税

(G) Speaker

Wendy Tee Leap Sing has over fifteen years of experience in senior management and human resources positions for diversified industrial and business environments. Graduated with a Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial Planner (CFP), Certified Business coach (UM) , Registered Financial Planner (RFP), Certified Trainer (PSMB) and Certified Advance Human Resource Practitioner (MIHRM), she has undergone intensive academic training in various human development and knowledge improvement. Wendy is a member of the Malaysia Financial Planning Council (MFPC) as well as a Security Commission licensed financial planner with VKA Wealth Planners. Wendy is actively involved in management consultancy, management training and research. Her latest responsibility involves the business coaching, financial training, management consultancy, management and financial and investment lecturing of Degree programs for Tunku Abdul Rahman University College. She has experience managing training programs cover from local universities, in house training and public seminar training, from designing training needs assessment, developing training materials, monitoring and tracking of training programs successfulness and implementing training evaluation. Having been trained as a qualified trainer, her skill and knowledge has been enhanced in operations effectives, fitness analysis, gap analysis and needs assessments. For the past ten years she has been involved in lecturing and training in Financial Accounting and Reporting Skills, Personal Financial Planning, Corporate Financial Management, Practical Budgeting & Cost Reduction Technique, Mastering Company Accounts for Financial Statement Analysis, Balance Scorecard linked with Performance Management, Training Need and Analysis, Payroll Administration Techniques and Setting Departmental Key Performance Indicators (KPIs) and Understanding Malaysia Employment act 1955 ( Act 265), EPF act 1991 and Socso Act 1967.

Wendy is also a Human Resource consultant and certified trainer now appointed from Pembangunan Sumber Manusia Berhad (PSMB), National Human Resources Centre (NHRC) and Malaysian Institute of Human Resource Management (MIHRM), providing comprehensive and independent Human Resource advisory to clients. In addition to consulting with and servicing clients, she is responsible for HR training, coaching & advisory for the company. In the area of Human Resource Management, Wendy focuses on Strategic Talent Management, Training and Development Management, Performance Management, Payroll Management and Setting Departmental & Inter Departmental Key performance Indicators (KPIs). Wendy is now pursuing her Doctor of Business Administration (DBA) from Universiti Utara Malaysia (UUM).

Wendy completed and passed her GST exams organized by Chartered Tax Institute of Malaysia (CTIM) with the cooperation and support from of the Royal Malaysian Customs Department (RMC). She is currently advising more than 70 SME companies in Malaysia for getting ready on the implementation of GST, mainly dealing with the tax authorities over various GST issues, elements and scope of GST, cycle and operations, rulings, registration, administration, audit and investigations on behalf of her clients.

(H) Register/Contact
Email: sstcourse@gmail.com
General (03 - 8082 3357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)