IAAP Certificate in Basic Taxation

  • 05-09-2022 - 06-09-2022

The International Association of Accounting Professionals (IAAP) offers international recognition for the finest business and accountancy qualifications in the world. It awards professional qualifications worldwide, giving aspiring business professionals global recognition for the very best financial skills. Plus, its IAAP membership offers anyone anywhere the opportunity to gain international status while boosting earning potential.


Module 1: Overview of Malaysia Taxation

  • Tax revenue in year 2020
  • Profile of the Inland Revenue Board (IRB)
  • Taxes under the preview of the Inland Revenue Board
  • Basis of Malaysian income tax
  • Taxation system in Malaysia

Module 2: Income for Sole Proprietorship

  • Business period and year of assessment
  • Definition of a business
  • Wages of trade
  • Business income
  • Deductions against business income
  • Capital allowances on plant and Machinery
  • Industrial building allowance
  • Computation of statutory income from business
  • Understanding its managerial objectives and usage

Module 3: Income for Partnerships

  • General
  • Evidence for existence
  • Date of commencement
  • Basis period
  • Types of partners
  • Tax computation
  • Sole proprietor admitting a partner
  • Changes to partnerships

Module 4: Employment Income

  • Characteristics if an employment
  • Malaysian derived employment income
  • Basis of assessment of employment income
  • Types of employment income
  • Exempted income
  • Allowable deductions from gross income

Module 5: Business Income

  • Badges of trade
  • Gross income from business
  • Derivation of business income
  • Commencement of Business
  • Basis Period
  • Adjusted and statutory income from business

Module 6: Business Deductions

  • Capital expenditure versus revenue expenditures
  • General deduction test
  • Statutory prohibited expenses
  • Specific prohibited expenses
  • Specific deduction expenses in the act
  • Double deductions
  • Examples of deductible and non-deductible expenses

Module 7: Company Taxation

  • Introduction
  • Computation of adjusted income from business
  • Approved donations
  • Income tax rate
  • Section 108 Account (dividend franking account)
  • Example of income tax computation

Module 8: Capital Allowances

  • Capital allowances on plant and machinery
  • Capital allowances on industrial building
  • Disposal of industrial building

Organizer:

Santhanasamy Subbiah

  • Time : 9:00 am - 5:00 pm (Asia/Kuala_Lumpur)

Registration Deadline Expired!!

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