[Online] Employers - Managers' Taxation Responsibilities: Monthly, Annual, Periodical
Course Information
  • 22-Feb-2021
  • Online
  • Vincent Josef
  • English
  • RM 500 RM 420
    Until 01 Feb 2021
  • 9:00am - 5:00pm
[01] INTRODUCTION

There have been numerous amendments to the Income Tax Act in recent years in relation to Employment Income and how Employers must comply with the requirements on them. This includes the completion of Forms E and EA, and specific notifications to Revenue.

With wider application of “Related parties”, especially in respect of Income Recognition, Basis Periods, and Gratuities, differing categories of persons receiving the same nature of employment and other income may need different treatment. One major change is that certain kinds of accrued non-business income may now be liable even without being received.

Understanding all the relevant aspects of requirements under the Act is hence more crucial than ever for corporate management and payroll personnel as it affects the tax liability that employees would be exposed to. This INTENSIVE seminar will cover not only employee-liabilities and the duties of Management but also the exposure of the directors themselves to tax obligations and penalties where there is failure.

[02] SEMINAR BENEFITS

• Understand the essentials of what constitutes the many features of Employment Income
• Learn the latest amendments to Income Tax law and especially where they relate to Employment Income and Employers
• Know about the duties and responsibilities of Employers and how the Forms E and EA and other notifications to Inland Revenue are to be completed
• Learn how to be on the right side of the law and avoid penalties or prosecution

[03] WHO SHOULD ATTEND

• Directors and Senior Corporate Officers
• Payroll and Human Resource Managers
• Accountants and Finance Managers
• Tax Practitioners

[04] DATE, TIME & FEE

Date: 22 February 2021 (Mon)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive

[HRDF CLAIMABLE | 8 Hours CPD]

Fee :
- Early Bird Offer (before 1 Feb 2021) - RM420
- Special Offer (before 15 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

[05] COURSE CONTENT

COURSE OUTLINE

• Employment Income
- When does an Employment subsist,
- The 5 Income Categories,
- How is Employment Income quantified?
• Definitions of Remuneration & Perquisites
• Latest “Employment” Amendments:
• Basis Periods – When is Employment Income liable?
• Payments to Related Parties
• Revised Treatment of Gratuity where exemption if not available
• Monthly Tax Deductions
– An Overview and the Principles
– MTD formula for normal & additional remuneration –
A Practical Case Study
• Directors’ Liability to Company Tax
• Specialised employment situations
- Secondment and Serving abroad
• New Section 77C- Deduction as a final tax
• Contents of the Return Form E and Form EA
- Employers’ Submission Obligations
• Employers’ other obligations & responsibilities
• Offences, Penalties, and Effective Appeals
Highlights of Finance Act 2020

[06] 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.

[07] 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)