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Tax Compliance & Statutory Changes Affecting Payroll Administration

31 May-01 Jun, 2023, Armada Hotel

IPA Training is Registered with

Venue Details

Armada Hotel
Lot 6, Lorong Utara C, Section 52, 46200 Petaling Jaya,

https://www.armada.com.my/


Phone : 03 7954 6888
Fax : 03 7958 5593

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • Definition
  • Benefits In Kind versus Perquisites
  • Malaysian Personal Income Tax Structure
  • Deductions And Tax Relief
  • Understanding PCB/ MTD
  • Calculating Leave Of Absence
  • Employee Leaving The Company
  • Employer-Paid Tax (Tax Majikan)
  • Year End Duties & Responsibilities Of Employers
  • Tax Residence
  • Sections of other relevant acts affecting payroll
    - Employment Act 1955 (Act 265) –
    - Employment (Part Time Employees) Regulations 2010
    - Children & Young Persons (Employment) Act 1966 (Act 350)
    - Minimum Wages Order
  • Employees Provident Fund Act 1991
  • Social Security Act (SOCSO) 1969
  • Employment Insurance Scheme (EIS) 2018
  • HRDF Act
OBJECTIVES
To increase the understanding of Income Tax Act 1967, current personal income law and best Compensation & Benefits practices which are beneficial towards workforce stability and job satisfaction leading to improved productivity and peace of mind of the employees.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the many legal & statutory issues of wages.
  2. Understanding the overall components of payroll.
  3. Avoiding issues and problems relating to payroll.
  4. Knowing and avoiding penalties by Tax Office.
  5. Adopting practical case studies from over 40 industries.
  6. Differentiating BIK and Perquisites in Compensation Schemes.
  7. Maximizing your Tax-free Benefits
WHO SHOULD ATTEND

The course emphasizes on Tax Compliance.

  • HR Managers & Executives
  • Payroll Managers & Executives
  • C&B Managers & Executives
  • Finance Managers & Executives
METHODOLOGY
  • Interactive Learning Process
  • Lectures
  • Analysis of Cases
  • Practical Exercises
  • Group Work & Discussions
DAY 1
9:00

DEFINITION

  • Latest Amendments in 2023 Affecting Payroll
  • Definition of Wages under the various Acts in Malaysia
  • Latest Legislation on ORP, Annual Leave and Unpaid Leave
  • Difference between Notice-in-Lieu and Unpaid Leave
  • Computing Long Term Absence
  • What are the Components of Income under Malaysian Income Tax Act


10.45

BENEFITS IN KIND versus PERQUISITES

  • BIK & OTHER INCOME TAX PUBLIC RULING
  • Examples & Exercises on Difference between Benefits-In-Kind & Perquisites
  • Concept of Tax-free payment items as part of Monthly Income
  • Public Rulings Affecting Employee Payroll

 

12.00

MALAYSIAN PERSONAL INCOME TAX STRUCTURE

  • TAX EXEMPTIONS Tax Rebates
1:00 Lunch
2:00

DEDUCTIONS AND TAX RELIEF

  • Compulsory Deductions
  • Optional Deductions
  • BORANG TP1
  • TP3 FORM & MTD

 

3:45

UNDERSTANDING PCB/ MTD

  • Components in PCB Formula
  • Understanding Normal and Additional Wages
  • Fixed Income and Non-Fixed Income
  • Concept of Tax-free Benefits as part of Monthly Income

 

5:00 End of Day 1
DAY 2
9:00

CALCULATING LEAVE OF ABSENCE

  • More Examples of Unpaid Leave / Long Term Absence / Notice Period
  • Other Leave Matters


 

EMPLOYEE LEAVING THE COMPANY

  • Normal Resignation / Retrenchment / Retirement / Secondment
  • Leaving the Country
  • Online Submissions of CP21/ CP22A
  • Online Submissions of CP22

 

10.45

 EMPLOYER-PAID TAX (TAX MAJIKAN)

  • Tax Treatment for Employer-Paid Tax
  • Case Studies

 

 

YEAR END DUTIES & RESPONSIBILITIES OF EMPLOYERS

  • Borang EA / Slip Jawapan
  • Tax Exemption Listing
  • Year-End Reconciliation / Form E/ CP159 / CP8D

 

12.00

TAX RESIDENCE

  • Resident and Non-Resident Tax Status
  • Tax Residents – Criteria & Benefits
  • Case Studies involving Tax Residence

 

1:00 Lunch
2:00

SECTIONS OF OTHER RELEVANT ACTS AFFECTING PAYROLL

  • EMPLOYMENT ACT 1955 (ACT 265) –
    - Key Components of Employment Contracts
    - Definition of & Payment for Overtime Work
  • EMPLOYMENT (PART TIME EMPLOYEES) REGULATIONS 2010
    - Definition of Casual Workers
  • CHILDREN & YOUNG PERSONS (EMPLOYMENT) ACT 1966 (ACT 350)
  • MINIMUM WAGES ORDER

 

3:45

 BRIEFLY   

  • EMPLOYEES PROVIDENT FUND ACT 1991
    - Compliance with Definition of Wages under EPF Act
  • SOCIAL SECURITY ACT (SOCSO) 1969
    - Coverage of Foreign Workers
    - Expatriate staff & SOCSO
  • EMPLOYMENT INSURANCE SCHEME (EIS) 2018
    - Coverage & Exemptions
    - Rate of Contribution
    - Benefits
  • HRDF ACT
    - Coverage & Exemptions
    - Rate of Contribution
    - Benefits

 

5:00 End of Course