[NEW 2-Day] Employee Tax Reporting, Obligation And Administration
Course Information
  • 08-Sep-2021
  • Online
  • T. Seelan
  • English
  • RM 1150 RM 1020
    Until 16 Aug 2021
  • 9:00am - 5:00pm

[01] INTRODUCTION

Every employer knows that failure to submit the necessary forms to the Inland Revenue Board on employment matters can lead to serious consequences and penalties for the employer. This course explores the fundamentals of employment taxation and the forms that must be submitted and their deadlines.

 

[02] COURSE OBJECTIVES

  • Understand the fundamentals of Employment Income and Employee Taxation
  • Know about the duties and responsibilities of Employers vis-à-vis Employee Tax Reporting
  • Ensure that participants understand the various forms that must be submitted to the Inland Revenue
  • Learn how to compute the monthly tax deductions
  • Aware of the penalties or prosecution for failing the obligations and/or committing mistakes

 

[03] WHO SHOULD ATTEND

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

 

[04] METHODOLOGY

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

 

[05] DETAIL & FEE
Date: 8 - 9 September 2021 (Wed - Thu) 
Time: 9.00am - 5.00pm 
Mode: Online/ Interactive

[HRD Corp SBL Khas Claimable | CPD 14 Hours] 

- Early Bird Offer (before 16 Aug 2021) - RM 1,020
- Special Offer (before 30 Aug 2021) - RM 1,080
- Normal Fee - RM 1,150
*Fee includes course Notes, Certificate of Completion & 6% Government Service Tax

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

 

[06] COURSE OUTLINE

DAY 1

[01] Introduction to Employment Income Tax

  • Understanding the various income
  • Who needs to pay income tax?
  • Resident Vs. Non-Resident
  • Types of income that is taxable in Malaysia

 

[02] Understanding Employment Income

  • The 5 categories of gross employment income that is subject to MTD
  • Sec 13(1)(a) - Monetary Benefit i.e. wages, salary, bonus, allowances, gratuity, etc.
  • Sec 13(1)(b) - Benefits in Kind i.e. company car, mobile phone, furniture, interest subsidy etc.
  • Sec 13(1)(c) - Unfurnished accommodation
  • Sec 13(1)(d) - Refund from unapproved fund
  • Sec 13(1)(e) - Compensation for employment lost

 

[03] Calculating Chargeable Income & Tax Rates

  • Formulae to calculate chargeable income
  • Taxable income Vs. Tax exemption Vs. Tax relief
  • Income tax reliefs available for residents
  • Income tax rebates
  • Tax rebate for zakat/ fitrah/ other religious dues

 

[04] Perquisites Versus Benefits of Kind (BIK)

  • Understanding tax exempted BIK
  • Discussion of common BIK:

           - childcare

           - meals

           - medical

           - maternity benefits

           - furnishings

           - appliances

           - goods/ services

           - insurance

           - telecommunication

           - company trips

           - living expenses and more

  • Understanding tax exempted Perquisites
  • Discussion of common perquisites
  • Which perquisites/ BIK are tax exempt/ taxable?

 

DAY 2

[05] Other Tax Exempted “Income”’

  • Retirement benefits
  • Employment Benefits under Sec 13(1)(b)
  • Royalty payments – 4 main categories
  • Scholarships – can you give scholarships to your employee children as part of remunerations?
  • Bank interests/ certain dividends

 

[06] Employers Submission

  • Borang E
  • Borang EA
  • CP 22
  • CP 22A
  • CP 8 D

 

[07] MTD/PCB submissions

  • Borang TP1
  • Steps in calculating MTD/ PCB
  • Making PCB payments

 

[08] PENALITIES

  • Non-submission of the various forms

 

Q&As

 

[07] 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

 

[08] REGISTRATION

Email: SSTcourse@gmail.com

Enquiry:

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