[Online] Company Taxation - Challenges and Opportunities
Course Information
  • 24-Feb-2021
  • Online
  • Vincent Josef
  • English
  • RM 500 RM 420
    Until 03 Feb 2021
  • 9:00am - 5:00pm
[01] INTRODUCTION

The many amendments being implemented on the Income Tax Act reveals that Inland Revenue is becoming more vigorous in managing taxation. Yet the Challenges are accompanied by Opportunities which are available to all taxpayers. In keeping with Inland Revenue’s emphasis, Research and Development will be studied in-depth. Finance Act 2020 includes several fresh complex issues and demands on procedure. These are the areas that this Webinar would focus on, explaining
the changes to the law, their impact, and how a company must meet the requirements set by Inland Revenue. The presentation would also cover related issues so as to offer participants a wider Advance-Level understanding.

[02] COURSE OBJECTIVES

• provide you with a wider grasp of your tax compliance responsibilities
• explain the latest challenges in meeting requirements by Inland Revenue
• help you understand the latest relevant forms and procedures
• explain the opportunities available to enjoy incentives and benefits
• help you become more knowledgeable and effective advisers to clients

[03] METHODOLOGY

Lectures supported by practical examples, case studies, and computations

[04] WHO SHOULD ATTEND

• Directors
• CEOs
• CFOs and equivalent
• Accountants
• Tax Advisors/Consultants
• Internal Auditors
• Legal Officers

[05] DATE, TIME & FEE

Date: 24 February 2021 (Wed)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive

[HRDF CLAIMABLE]

Fee :
- Early Bird Offer (before 3 Feb 2021) - RM420
- Special Offer (before 17 Feb 2021) - RM 460
- Normal Fee - RM 500

Fee includes Course Notes, Certificate of Completion & 6% Government Service Tax

** DISCOUNT **
- 15% overriding discount for SST2u Learner Card members

[06] COURSE CONTENT

COURSE OUTLINE

• Small or Medium Size Enterprises
> The new Definition and its impact
> Qualifying for and Utilisation of Tax Rebates
• Investment Incentives
> Conditions for Pioneer Status and Investment Tax Allowance
> Pioneer Status and Investment Tax Allowance – Case Study Comparison
> Features and Incentives for Research & Development
• Contemporaneous Transfer Pricing Documentation (1)
> Essentials of Transfer Pricing
> Preparation of Documentation
> Failure Penalty: RM20,000 – RM100,000
• Inland Revenue Action on Transfer Pricing (2)
> Adjustments on Income/Expenditure
> DGIR’s power to disregard “Structure”
> A new Penalty – Surcharge on DGIR’s Gross Adjustments
• Reinvestment Allowance
> Features and advantages
> The Qualifying DAME and Integrated Activities
> How to compute and claim Reinvestment Allowance
• Export Allowances
> Benefits without incurring additional expenditure
> Computing and Claiming Export Allowance
• Tax audits or investigations - Emphasis on Transfer Pricing:
> Selection trigger factors
> Issues that will be examined
> Methods of determining income shortfalls
> Offences and penalties
• Highlights of Finance Act 2020

[07] SPEAKER PROFILE

VINCENT JOSEF
Certified Tax Agent/ Consultant,
Former IRB Assistant Director General

Vincent Josef began his career with the Inland Revenue Board in 1968 and over the next 35 years he served in various Tax Branches. Prior to his retirement, he was with the Operations Division of the Board Headquarters where he held the position of Assistant Director General. In addition, He has wide experience in lecturing at IRB events and Malaysian professional institutions including Chartered Tax Institute of Malaysia, Malaysian Institute of Accountants, CPA Australia, MAICSA and Commerce Clearing House (CCH) Malaysia.

With his 50 years’ experience in the field of taxation, He also manages his own practice providing taxation consultancy services focusing on Tax Audits and Investigations. He has written a book “Tax Audit and Investigation Guide – Malaysia” published by CCH Malaysia and served as their Consultant Editor in respect of the Malaysian Master Tax Guide.

[08] ENQUIRY & REGISTRATION

Enquiry: SSTcourse@gmail.com
Enquiry:
- General (03 - 5888 7357)
- Teo (011 - 3178 9203)
- Logesh (012 - 503 0346)
- Siti (012 - 383 8603)
- Han (019 - 323 0507)