Impact of GST on Payroll Administration & Employee Benefits

28-29 Mar, 2017, Armada Hotel

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Mr. LEW YEOK SU was an Engineering Degree Scholar from University Malaya. He completed his MBA from the University of Strathclyde, UK.

 

He has extensive experience in the downstream oil and gas industry. During this 30+ long years’ career, he has worked in sales, marketing, technical, consultancy and management.

 

For the last three years Mr. Lew has been heavily involved in the implementation of GST for a large Multinational company. He brings a wealth of knowledge and practical experience in GST application.

 

MR. LOO CHU HUAT, received his academic training from the University Of Wales, and the well-known Manchester Business School, UK. He also possesses a Diploma in Management and a Diploma in Banking & Finance.

 

Mr. Loo has had a long career in Human Resource Management. He was the Human Resources Manager of two Multinational Companies where he was involved in the whole spectrum of HR, including Policy Design and Implementation, Recruitment and Selection, Performance Management, Training and Development, Compensation and Benefits Management and Employee/Industrial Relations.

 

He is a Certified Assessment Assessor, Accredited Trainer from the USA & Competent Toastmaster.

 

At present, he is the Principal Consultant of a Human Resource Consulting Company. His clients range from Representative Offices, Small and Medium Industries to Multinational Companies.

 

He is actively involved in conducting training courses such as Recruitment and Selection Interviewing, Developing HR Policies, Train the Trainer Certification Course, Supervisory Development, Developing Compensation and Benefits Policy, Performance Management for various companies.

 

Both Course Leaders will combine a wide range of practical and hands-on training experience in lively and challenging interactive training sessions

Venue Details

Armada Hotel
Lorong Utara C Seksyen 52, 46200 Petaling Jaya, Selangor Darul Ehsan - 46200
Phone : 03 7954 6888
Fax : 03 7956 8088

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON

SESSION A

  • Goods & Services Tax (GST) – A Refresher
  • Challenges of GST for Organisations
  • Employee Compensation and Benefits In GST
  • GST Audit

SESSION B

  • Definition of Wages
  • Payment of Salary under the Law
  • Rest Days, Public Holidays & Leave
  • Employment of Women & the Law
  • Employment Act 1955
  • BIK & Other Income Tax Public Ruling
  • Introduction to Individual Taxation
  • Simplify the Concepts under The Current PCB Regime
  • Computing Personal Tax
  • Duties & Responsibilities of Employers

A Sample Employee Handbook Will Be Given To Participants. This Is A Very Substantial Legal Document Which Will Be A Valuable Addition To Your HR Library And Knowledge. Attempts Will Be Made To Reference Case Laws.

INTRODUCTION

An overview of the entire scope of Managing Payroll and Employee Benefits Effectively, this course is a “MUST” for any Human Resources Practitioners involved in COMPENSATION MANAGEMENT.

 

Understanding the Impact of Goods and Services Tax (GST) on Employee Benefits and Payroll Management is crucial.

 

Compensation Management involves Payroll Administration & Payment Of Tax – and Employee “fringe” Benefits.

 

GST introduction is creating both challenges and opportunities for organizations.

 

Managers and Executives need to be aware of the issues and impact of GST so that non-compliance risks and the consequent legal, fiscal and reputational damage to the organization can be managed adequately.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB...
  1. Understanding the special section on treatment of BIK, Perquisites and Public Rulings by Tax Office.
  2. Gaining greater appreciation of GST impact, specifically on Employee Benefits.
  3. Identifying possible organizational issues leading to non- compliance in GST treatment of Employee Benefits
  4. Learning ways to mitigate risks of non-compliance
  5. Knowing how to lessen the Impact of GST on Employee Benefits
  6. Preparing the Employee Handbook effectively.
  7. Re-writing the Employment Contract.
  8. Understanding the Legal & Statutory issues of wages.
  9. Understanding the overall components of payroll.
  10. Handling Resignations, AWOL, Termination & Retrenchment cases.
  11. Being able to handle issues and problems relating to payroll.
  12. Obtaining Actual case studies from over 40 industries.
 
DAY 1
9:00 GOODS & SERVICES TAX (GST) – A REFRESHER
  • What is GST
  • Revisit Key Concepts in GST
  • Legal and Fiscal Compliance
  • Penalties and Offences
10:45 CHALLENGES OF GST FOR ORGANISATIONS
  • Lessons from GST introduction in Malaysia
  • Cost versus Benefits of GST
  • Compliance Risks
  • HR Policies in the GST Era
1:00 Lunch

2:00 EMPLOYEE COMPENSATION AND BENEFITS IN GST
  • Definition of Employee Benefits
  • Definition of gifts
  • Definition of Reimbursement and disbursement
  • • GST Treatment
    - Employee Benefits
    - Gifts
    - Salary Deductions
    - Employee Expense Claims
    - Entertainment Expenses
  • Blocked Input Tax
    - Club Subscription
    - Medical Benefits
    - Insurance Coverage
    - Medical Expenses
    - Family Benefits
    - Entertainment Expenses
    - Company Vehicles
  • Non Compliance Risks in Benefits Input Tax Claims
4:15 GST AUDIT
  • Value of Internal GST Audit
  • Preparation for Audit
4:45 REVIEW AND WRAP UP
 
5:00 End of Day 1
DAY 2
9:00 DEFINITION OF WAGES
  • Define Wages & Compute ORP under the Law
  • Methods of Computing Ordinary Rate of Pay
  • Using ORP to Compute Payments
  • Exercises on How to Compute ORP
  PAYMENT OF SALARY UNDER THE LAW
  • Authorized Deductions
  • Adjusting Payments on resignation, termination and dismissal
  • Case Studies & Exercises on Resignations, Short Notices, Retrenchments & Terminations
  REST DAYS, PUBLIC HOLIDAYS & LEAVE
  • Definition of rest day, holiday and non-working day
  • Annual Leave and Sick Leave Entitlement – Which Takes Precedence
  • Exercises on Calculation of Payment for Work on Rest Day, Public Holidays and non-working day, Annual Leave & Medical Leave
  EMPLOYMENT OF WOMEN & THE LAW
  • Definition of Confinement
  • Length of Maternity Benefit Period
  • Notice & Variation of Maternity Benefit Period
  • Employment Act Changes to & Other Issues Relating to Maternity Benefit
  • Case Studies on Maternity Leave Allowance
  EMPLOYMENT ACT 1955
  • Aspects of Malaysian Labour Laws Related to Employee Benefits
  • Sample Employee Handbook
  BIK & OTHER INCOME TAX PUBLIC RULING
  • Examples & Exercises on Difference between Benefits-In-Kind & Perquisites
  • Public Rulings on BLK, VOLA and Perquisites
  • Other important Public Rulings
1:00 Lunch

2:00 INTRODUCTION TO INDIVIDUAL TAXATION
  • Scope of Taxation
  • Types of Employment Income
  • Cash Payments, Vouchers, Bonuses & Directors Fees
  • Basis Period for Individuals
  • Tax Residency for Individuals
  COMPUTING PERSONAL TAX
  • Tax Exemption Benefits
  • Types of Personal Tax Relief & Tax Rebates
  • Individual Tax Rates
  • Template for Tax Computation for Employment Income
  SIMPLIFY THE CONCEPTS UNDER THE CURRENT PCB REGIME
  • Fixed Income and Non-Fixed Income
  • Computing Tax on Previous Year’s Income
  • Concept of BIK, Perquisites and Tax-free Benefits as part of Monthly Income
  • TP1/ TP3 Forms
  DUTIES & RESPONSIBILITIES OF EMPLOYERS
  • Retirement of Employees
  • Retrenchment of Employees
  • Withholding Final Wages
  • Year-End Reconciliation
  • Income Tax Deductions
  • Notices & Forms to Income Tax Department sequence
  • Offences & Penalties
  • Case Studies & Exercises
5:00 End of Course