Overview
Malaysian Export Academy Presents
Tax Planning for HR Managers
(Better Understanding in Managing Employment Taxable Income)
| 9.00 am – 5.00 pm | Dorsett Grand Subang
[HRD Corp Claimable Course]
Introduction
Understanding and optimizing the various tax provisions can create additional value for both employers and employees. A well-structured, tax-efficient remuneration package brings satisfaction to both parties while ensuring compliance with Malaysian tax laws. This course helps HR professionals build a “Win-Win” tax benefit model that aligns employee motivation with cost efficiency, covering the latest developments, case laws, and practical tax strategies affecting employment income.
Objectives
By the end of this course, participants will:
- Identify the different types of Benefits-in-Kind (BIK) and perquisites that attract employee tax.
- Understand employer entitlements for claiming tax deductions on monetary and non-monetary benefits.
- Recognize the duties and responsibilities of both employers and employees regarding tax compliance.
- Plan and design tax-efficient remuneration packages for executives and management staff.
- Apply available tax reliefs, rebates, and exemptions effectively.
- Understand gratuity, compensation, and termination payments from a tax perspective.
- Gain familiarity with the computation of personal income tax and the latest tax rulings.
Who Should Attend
This course is essential for:
- CEOs, Directors, and Senior Managers
- HR Managers and Executives
- Tax Advisors, Accountants, and Specialists
- Finance and Administration Managers
- Financial Controllers and Company Secretaries
- Bankers, Financial Planners, Advocates, Solicitors, and Entrepreneurs
Methodology
Delivered through PowerPoint presentations, case discussions, and Q&A sessions for interactive and practical learning.
Course Outline
- A. What Constitutes Taxable Benefits for Employees
– Salaries, bonuses, commissions, and allowances
– Benefits-in-Kind (BIK) and living accommodation
– Refunds from unapproved pension funds
– Compensation for loss of office - B. Duties and Responsibilities of Employer & Employee
– Recruitment and retirement procedures
– Monthly Tax Deduction (PCB) scheme
– Foreign worker and non-resident employee tax handling
– Determining residency status and withholding requirements
– EA/E/BE form preparation and self-assessment overview
– Tax audit and investigation procedures - C. Tax Treatment of Employment Income
– Structuring tax-efficient remuneration packages
– Avoiding common pitfalls in director and executive compensation
– Valuation of monetary and non-monetary benefits
– Maximizing reliefs, rebates, and deductions
– Gratuity and compensation tax computation - D. Tax Implications on Benefits-in-Kind (BIK)
– Definition and valuation of BIK (formula and prescribed value methods)
– Treatment of company cars, petrol, household items, and appliances
– Exempt vs. taxable benefits
– Handling of mobile phone, leave passage, and similar benefits - E. Perquisites Provided to Employees
– Distinction between perquisites and BIK
– Tax treatment for perquisites such as:
Credit cards, loan interest, club memberships, tuition fees, insurance premiums, domestic helpers, scholarships, loan waivers, assets, vouchers, and tax borne by employer - F. Living Accommodation Benefits
– Tax implications for employees and service directors
– Valuation and potential reductions in benefit value - G. Unapproved Pension or Provident Funds
– Employer contribution and income treatment - H. Compensation for Loss of Employment
– Differentiating gratuity and compensation payments
– Tax computation for termination-related benefits
Trainer’s Profile
Hari Ramulu Munusamy
Mr. Hari Ramulu is a Chartered Certified Accountant (UK) with over 45 years of experience in accounting, auditing, and taxation. His extensive expertise spans corporate tax planning, forensic accounting, financial statement analysis, and tax investigations.
He is a Fellow Member of the Association of Chartered Certified Accountants (UK), a Chartered Accountant (MIA), and an Associate Member of both the Malaysian Institute of Taxation and the Institute of Internal Auditors Malaysia. He also holds an MBA in Accounting from the University of Newcastle, USA.
Throughout his career, Mr. Hari has advised numerous organizations on taxation, risk management, and audit compliance, bringing a strong combination of technical and strategic insight to HR-related tax issues.
Certificate of Participation
Participants will receive a Digital Certificate of Participation upon completion of the course.
Participation Fee
RM1,944.00 per person (2-day course) – Inclusive of lunch, tea breaks, course notes, certificate of participation, and 8% SST.
HRD Corp Claimable Course – refer to the training brochure for claim details.