Tax Planning for Malaysian SME Companies by Maximizing Deductions & Minimizing Tax Liability - Latest Updates & Key Issues On Budget 2018

29-30 Nov, 2017, Kuala Lumpur


FOCUSING ON
  • Basis of Malaysian Company Taxation System
  • Maximization of Tax Deduction of Expenses
  • Double Deduction of Expenses
  • Non Deductible Deductions S39
  • Capital Allowances and Charges on Plant & Machinery
  • Industrial Building Allowances
  • Company Taxation Illustration
  • Budget 2018
  • Case Study
OBJECTIVES

Participants will obtain sufficient knowledge on the types or classes of income, expenses, exemptions, incentives, capital allowances that need to be considered in deriving at chargeable income, for your respective companies.

WHO SHOULD ATTEND?

Directors, Accountants, Tax Managers, Executives

METHODOLOGY

Interactive Lectures & Discussions

DAY 1
9:00 Session 1: BASIS OF MALAYSIAN COMPANY TAXATION SYSTEM
  • Income Tax Act 1967
  • Taxability of Receipts and Gains
  • When is Income Taxable?
  • When is Income not Taxable?
10:45 Session 2: MAXIMIZATION OF TAX DEDUCTION OF EXPENSES
  • Allowable/Deductible Expenses
  • General Deductions – S33
  • Business Deductions – S34
1:00 Lunch

2:00

Session 3: DOUBLE DEDUCTION OF EXPENSES

  • Expenditure Qualifying for Double Deductions
  • Approved Training
  • Advertising Expenditure on Malaysian Brands
  • Promotion of Export Services Rules
  • Any other area of consideration
3:45 Session 4: NON DEDUCTIBLE DEDUCTIONS S39
  • Minimize Non-Deductible Deductions
  • Capital Expenditure verses Revenue Expenditure
  • Entertainment Expenditure
  • Interest Restriction
5:00 End of Day 1
DAY 2
9:00 Session 1: CAPITAL ALLOWANCES AND CHARGES ON PLANT & MACHINERY
  • What is a Plant?
  • Concept of Qualifying Expenditure
  • Allowances Available
  • Balancing Allowance & Charge
  • Timing of Assets – Acquisition and Disposal
  • Assets under Hire Purchase
  • Assets under Leasing
  • Treatment of Unabsorbed Capital Allowances
10:45 Session 2: INDUSTRIAL BUILDING ALLOWANCES
  • What is Industrial Building?
  • Allowances Available
  • Balancing Allowance & Charge
1:00 Lunch

2:00 Session 3: COMPANY TAXATION ILLUSTRATION
  • Adjusted Income
  • Statutory Income
  • Aggregate Income
  • Total Income/Chargeable Income
3:45 Session 4:
[1] BUDGET 2018
[2] CASE STUDY
  • Questions and Answers
5:00 End of Course

 

LEARN FROM THE BEST

HARI RAMULU MUNUSAMY is a Business Financial Consultant cum Lecturer, with wide experience in public practice and in financial management & public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1976.

 

He started his career with Messrs F. H. Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976. Subsequently, he continued his career as an Audit Supervisor with Messrs Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation services including tax investigation, forensic accounting and company floatation.

 

Between 1993 and 2006, he had conducted seminars and courses in financial accounting, internal auditing, external auditing, and taxation to practitioners and general public. Notable and worthy of mention are: taxation seminars for Permodalan Nasional Berhad (PNB), auditing for FELDA, forensic accounting for ROYAL CUSTOMS MALAYSIA, and executive accounting and financial statements analysis course for Pahang ADUNs through Yayasan Pahang. He was the unofficial consultant to the State Secretary and Chief Minister of Pahang from 1997 to 2000.

 

He is deemed to be a prolific presenter with excellent commendations from participants. In 2008 he presented several seminars relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, and forensic accounting. Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), and an Associate member of the Certified Fraud Examiners of USA. His academic qualifications are: Diploma in Accountancy (Newcastle-Upon-Tyne, England), and Master of Business Administration (Accounting) from University of Newcastle, USA.

 

VENUE DETAILS

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah 55100 Kuala Lumpur

Phone :03 2788 8888

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@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