[NEW 2-Day] Income Tax Submissions And Penalties For 2021 And 2022
Course Information
  • 06-Sep-2021
  • Online
  • T. Seelan
  • English
  • RM 1210 RM 1050
    Until 14 Aug 2021
  • 9:00am - 5:00pm
[01] INTRODUCTION

Businesses usually get so busy with carrying on their operations that they miss out the essentials of submitting tax returns. At times, companies are even not sure about the process that is required and how much tax they have to pay the government. But the company and its directors have the responsibility to file the tax returns on a regular basis.
With the introduction of the self-assessment system in the year 2000, the taxpayer is responsible to compute, submit and pay the taxes. This program explores the forms and the appendixes that need to be submitted and their due dates.

[02] COURSE OBJECTIVES

• Understand the Responsibilities of the company and their directors for the company’s taxes
• Learn the dates that are important in tax submissions
• Be able to complete the Borang/ Form C of the company
• Understand the details that are required for completing the Borang C
• Be able to estimate the tax payable.

[03] 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.

[04] METHODOLOGY

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

[05] BENEFITS TO ATTENDEES
At the end of this training session, participants will learn to:
• Updates & reminders on preparing for the 2021/22 tax reporting period
• Updates and recent developments of concern to employers and employees
• Know the basic deduction and exemption allowed under the Income Tax Act
• Keep all the supporting documents in relation to the deduction and exemption applied
• Read the Forms prepared by the tax agents before acknowledging to submit
• Understand reporting requirements as well as any practical reporting issues
• Cross checking on the Forms submitted to income tax for compliance purposes
• Common mistakes and misconceptions in preparing the employer’s tax declaration
• Understand the cost and penalty on incorrect return

[06] DETAIL & FEE

Date: 6 - 7 September 2021 (Mon - Tue)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive

[HRD Corp SBL Khas Claimable | CPD 14 Hours]

- Early Bird Offer (before 14 Aug 2021) - RM 1,050
- Special Offer (before 28 Aug 2021) - RM 1,130
- Normal Fee - RM 1,210

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

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

[07] COURSE OUTLINE

Day 1

[1.0] INTRODUCTION TO INCOME TAX SUBMISSIONS

• Responsibilities and duties of the Taxpayer under the income tax act 1967
• Types of companies and their tax rates and qualification for SMEs
• Who are directors, and their responsibilities
• Normal due date for the various fillings

[2.0] ESTIMATING TAX PAYABLES

• CP 204 and estimating tax payable for 2022
• Revising the tax estimates
• CP 204A
• Special revision allowed in 2021
• Due dates for submission of estimates and revision of estimates
• Penalties for non-submission and late submission

Day 2

[3.0] SUBMISSION OF RETURN FORMS

• Borang B and the due dates
• BASIC PARTICULARS
• Details of STATUTORY INCOME, TOTAL INCOME AND CHARGEABLE INCOME
• TAX PAYABLE / REPAYABLE AND STATUS OF TAX
• What is schedule 3 allowances and the details to be submitted
• What are INCENTIVE CLAIMS and the details to be submitted
• What are the PARTICULARS OF COMPANY that needs to be disclosed and their impact on the tax position
• OTHER PARTICULARS and their impact on the tax position
• PARTICULARS OF AUDITOR and Tax agents

[4.0] APPENDICES AND WORKING SHEETS

• Introduction
• Appendix A1 - COMPUTATION OF ADJUSTED INCOME FOR BUSINESS
• HK - COMPUTATION OF STATUTORY INCOME FOR BUSINESS from various types of businesses with different incentives
• SUMMARY OF ABSORBED / SURRENDERED/ DISREGARDED LOSSES AND LOSSES CARRIED FORWARD
(including pioneer losses after tax relief period)
• ADJUSTMENT OF LOSSES FOR BUSINESS

[08] SPEAKER PROFILE

T. Seelan
C.A. (M), FCCA, FFA

Tharmaseelan C.A (M), F.C.C.A, MIAE has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 15 year in an international accounting firm and local consultancy firms.

His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies. He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior. He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients.

His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it. He also advised his clients on compliance with accounting standards and tax regulations. His last position prior to going into practise was as the Associate Director of The Business School where he was responsible for restructuring the Business School and identifying suitable courses and obtaining accreditation from various bodies and universities. He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide. His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits. His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries.

He has trained personnel from numerous private sector companies and the public sector, including MK Land Berhad, KULIM HI TECH Berhad, including, Majlis Bandaraya Shah Alam, Permodalan Nasional Berhad, Institut Jantung Negara, Tradewind Hotel Group, Bintulu Development Authority, Ritz Carlton Hotel, Putrajaya, IOI Resort, Majlis Perbadanan Sibu, Lembaga Urusan Tabung Haji, Tenaga Cable Industries, Yeo Hiap Seng, Kobe Precision, Eon Finance, International Islamic University, Petroliam Nasional Bhd, Progressive Insurance Bhd, Subang Jaya Medical Centre, The MINT Hotel, KLIA Pan Pacific Hotel, Bank Rakyat, Toshiba Electronics, UDA Holdings Bhd, Komag USA, Bank Industri & Teknologi (M) Bhd, PPB Group and TH Plantations to name a few. As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals.

He is also a regular training facilitator for
1. Malaysian Institute of Accountants
2. Certified Public Accountants of Australia
3. Malaysian Institute of Management

[09] REGISTRATION

Email: SSTcourse@gmail.com

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