[Online, NEW] Withholding Tax In Malaysia - Understanding And Compliance
Course Information
  • 15-Mar-2024
  • Online
  • Hari Ramulu M
  • English
  • RM 700 RM 620
    Until 26 Feb 2024
  • 8:30am - 4:30pm

[01] INTRODUCTION 

Income Tax is a direct tax, and in certain circumstances the payer has the responsibility to withhold the tax (ITA 1967) when making payment to the non-residents (foreign workers/employees). Failure to do so, the payer will suffer penalties and be prohibited from claiming a tax deduction against his own income for the payment to the foreign party. The scope of these withholding taxes is ever-evolving – both at the domestic level and international level. Ignorance is no excuse and it is imperative for any person managing the day-to-day payments and accounts of a business to understand their obligations under the withholding tax provisions, and the cost of non-compliance. 

This program is designed to improve the understanding of withholding tax provisions within the Income Tax Act 1967 (ITA), together with some recent amendments. 

 

[02] COURSE OBJECTIVES 

• Understand the scope of withholding tax
• Understand the withholding taxes obligation that arises from  reimbursements and disbursements in respect of services  rendered by non-residents
• Avoid penalties that may arise if deductions are wrongfully  claimed in respect of payments for which the withholding taxes have not been remitted to the authority 

 

[03] WHO SHOULD ATTEND 

Chief Financial Officers, Financial Controllers, Finance Managers, Accountants, Tax Consultants, Company Secretaries, Tax Practitioners/Advisors. 

 

[04] METHODOLOGY 

PowerPoint presentations, discussions and case studies. 

 

[05] DATE, TIME & FEE

Date:    15 Mar 2024 (Fri)

Time:    8.30am - 4.30pm

Mode:   Online/ Interactive

 

[HRD Corp Claimable]

 

Fee:

 - Early Bird Offer (before 26 Feb 2024) – RM620

 - Special Offer (before 10 Mar 2024) – RM660

 - Normal Fee – RM700

 

Fee includes Course Notes, Certificate of Completion and 8% Service Tax

 

** OFFER **

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

 

HRDCorp Claimable Course:
Trainer MyCoiD: 429594X
Course Scheme: HRDCorp Claimable Course
Course Type: Remote Online Training (Public)
Course Code: 10001388155

 

 

[06] COURSE OUTLINE 

Module 1 - Introduction, Responsibility of Payer 

• Scope of WHT 

• Rates of WHT 

• Responsibilities of the payer 

• Time of WHT Payments 

• Non-deductible expenses and disallowed capital expenditure

 

Module 2 - Royalty and Interest 

• Royalty
 ○ Definition
 ○ Derivation of Income

 ○ Deduction of WHT 

 ○ Penalty for non-compliance

 ○ Penalty on incorrect return

 ○ Exemption 

• Interest
 ○ Definition
 ○ Derivation of income
 ○ Deduction of WHT
 ○ Penalty for non-compliance
 ○ Penalty for incorrect return
 ○ Exemption
 ○ Minimisation of WHT – treaty protection 

 

Module 3 - Public Entertainers Remuneration, Special Classes of Income 

• Public Entertainers Remuneration

 ○ Scope
 ○ Derivation of income
 ○ Deduction of WHT 

 ○ Exemption
 ○ Penalty for non-compliance

 ○ Penalty for incorrect return 

• Special Classes of Income 

 ○ Definition
 ○ Scope of services
 ○ Derivation of income

 ○ Deduction of WHT 

 ○ Exemption
 ○ Penalty for non-compliance

 ○ Penalty on incorrect return 

 

Module 4 - Other Income in S4(f), Contract Payments, Agent, dealer or distributor 

• Other Income in S4(f)
 ○ Derivation of income
 ○ Deduction of WHT
 ○ Penalty for non-compliance

 ○ Set off for non-resident 

 ○ Exemption
• Contract Payments 

 ○ Derivation of income

 ○ Collection of WHT
 ○ Definition
 ○ Manner of set off 

 ○ Penalty for non-compliance
 ○ Waiver of WHT
 ○ Potential overlap with S4A
 ○ Tax planning – splitting of contracts 

• Agent, Dealer or Distributor

 ○ Threshold
 ○ Time frame
 ○ Late payment penalty 

 ○ Prepayment of tax
 ○ Recovery
 ○ Non deduction
 ○ Remission of penalty

 ○ Tax administration 

 

End of Training 

 

[07] TRAINER PROFILE 

HARI RAMULU M. 

HRDF Certified Trainer 

Hari Ramulu Munusamy is a Business Financial Consultant cum Lecturer, with wide experience in public practice and in financial management & public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1976. 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation services including tax investigation, forensic accounting and company floatation. 

He had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and general public. 

Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), and an Associate member of the Certified Fraud Examiners of USA. His academic qualifications are Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA. 

Credentials: 

• Master in Business Administration (Accounting), University of Newcastle, USA 

• Fellow Member of the Association of Chartered Certified Accountants, UK 

• Chartered Member of the Malaysian Institute of Accountants, Malaysia 

• Associate Member of the Chartered Institute of Tax, Malaysia 

• Chartered Member of the Institute of Internal Auditors, Malaysia 

• Associate Member of the Association of Certified Fraud Examiners, USA 

 

[08] ENQUIRY & REGISTRATION

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