Tax Compliance & Statutory Changes Affecting Payroll Administration (MODULE TWO: MALAYSIAN TAX AND YOU)

14 Jul, 2021, Virtual Classroom Training

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MR. LOO CHU HUAT received his MBA in Finance from the University of Wales, and the well-known Manchester Business School, UK. He also possesses a Diploma in Management and a Diploma in Banking & Finance.

 

He has had a long career in Human Resource Management. He was the HR Manager for two large and well-known multinational companies where he was involved in the whole spectrum of HR, including Policy Design and Implementation, Recruitment & Selection, Performance Management, Training & Development, Compensation & Benefits Management, and Employee/Industrial Relations.

 

Mr. Loo is a Certified Assessment Assessor, Accredited Trainer from USA & Competent Toastmaster.

 

At present, he runs two companies in Malaysia and another two businesses in Singapore and Hong Kong. The businesses relate to payroll outsourcing, human resource consulting, training, e-Services, and Business English. His clients range from representative offices, small medium industries to multinational companies across more than 40 industries, including banking and insurance groups.

 

He has been actively involved in conducting training courses such as Developing Compensation and Benefits Policy, Performance Management, Human Resources Management, Recruitment and Selection Interviewing, Developing HR Policies, Train the Trainer Certification Course, Supervisory Development for various companies both inhouse and public.

 

Mr. Loo combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

Venue Details

Virtual Classroom Training

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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

INTRODUCTION
An overview of the entire scope of managing salary effectively, this course is a “MUST” for any Human Resources practitioners involved in Salary Administration.
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.
  • Comply with the local income tax legislations to reduce impact of any tax audit.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the legal & statutory issues of wages
  2. Understanding the overall components of payroll
  3. Being able to handle issues and problems relating to payroll
  4. Learning from actual case studies from over 40 industries
  5. Understanding the special section on treatment of BIK and Public Rulings by Tax Office.
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
MODULE TWO: MALAYSIAN TAX AND YOU
14 July 2021
9:00
  • Definition of Wages under the various Acts in Malaysia
  • The Components of Income under Malaysian Income Tax Act 1967
  • What are Tax Exemptions
  • Different Classes of Tax-free Benefits
  • Types of Tax Rebates
10.00
  • Calculating Rebate for Zakat
  • Allowable Deductions AND Optional Deductions
  • Common & Specific Tax Relief
  • Tax Residents and Non-Tax Residents
  • Tax Residents – Criteria & Benefits
11.00
  • Income Tax Rates
  • Other Types of Tax Residents
  • When to Register for your Tax File
  • An illustration on e-Calculator
  • Ways to Reduce your Chargeable income
12:00
  • Concept of Tax-free Benefits as part of Monthly Income
  • Major Components in Computing Your Income Tax
  • Briefly on Perquisites & Benefits-in-Kind
  • Value of Living Accommodation
  • Choice of GIG Worker, Normal Employee or Running a Biz – Tax-wise Speaking
1:00 End of Course