Introduction
Income Tax may be the least favorite topic for small business owners, but it’s one of the most important. Income tax is a major cost of doing business in Malaysia. Therefore, tax planning to reduce the tax cost is very essential for companies. This workshop will provide participants with practical guide in various tax planning tools for companies.
The facilitator will also share his vast experience with participants on the practical issues that may be encountered in individual corporate tax planning.
Companies have to be conversant with tax planning and management, specifically so since the Self Assessment System demands that all Records and Returns have to be proper and need to comply with the requirements of the Income Tax Act. Tax planning and management is an issue that is receiving close attention from the Inland Revenue Board and its impact on the companies as taxpayers, as it is now the responsibility of the taxpayer to derive the chargeable income and pay the resultant tax thereon.
Objective
Participants should be able to acquire sufficient knowledge on the types or classes of income, expenses, exemptions, incentives, capital allowances, which needs to be considered in deriving at chargeable income, for their respective companies.
Methodology
Power-point presentation, Lectures, Interactive Discussions
Who Should Attend
Directors, Accountants, Managers, Executives
Course Outline
Basis of Malaysian Company Taxation System
Maximization of Tax Deduction of Expenses
Continuation – Maximization of Tax Deduction of Expenses
Practical Tax Computation
Capital Allowances and Charges on Plant & Machinery
Industrial Building Allowances
E-Invoicing
Budget 2025
Case Study
CERTIFICATE OF PARTICIPATION
