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Corporate Tax & Transfer Pricing

18-19 Aug, 2021, Virtual Classroom Training

IPA Training is Registered with

Venue Details

Virtual Classroom Training


Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • Module 1: Tax Allowable & Deductions
  • Module 2: Understanding Tax & Tax Planning
  • Module 3: Reinvestment Allowance (RA)
  • Module 4: Sales Tax – Exemption & Facilities
  • Module 5: Withholding Tax
  • Module 6: Transfer Pricing Terminology
  • Module 7: Dealing with IRB
  • Module 8: Practical Issues on Transfer Pricing
  • Module 9: TP Documentation Checklist
  • Module 10: Case Study- Related Party Transactions
INTRODUCTION

This course examines the many crucial facets of Taxation & Transfer Pricing, where the relevant law as well as the procedure necessary to comply with the requirements of the Inland Revenue Board.

 

This training will also emphasize on the Impact of Corporate Tax & Transfer Pricing on corporate businesses in line with the commercial objectives of organizations & multinationals.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Guidance On Corporate Tax Planning.
  2. Updating On Tax Deductions (Allowance Vs Non-Allowance Expenses).
  3. Understanding The Principles In Computation Of Corporate Tax.
  4. Reviewing Reinvestment Allowance (RA).
  5. Reviewing The Sales Tax – Exemption & Facilities.
  6. Knowing How Will The Withholding Tax Changes Affect Your Business?
  7. Developing Basic Technical Knowledge Of Transfer Pricing And The Significance Of The Arm’s Length Principle.
  8. Identifying The Interaction Of Transfer Pricing And Wider Technical Areas Of Tax, Finance, And Accounting To Further Enhance General Business Skills.
WHO SHOULD ATTEND
Entrepreneurs, Tax Managers, Accountants, CFO, Business Managers, Finance Managers, Supervisors, and all those who are keen in updating on Tax Planning & Transfer Pricing Documentation Preparation.
METHODOLOGY

Group Discussion. Real-current Corporate Tax & Transfer Pricing issues will be analyzed, and scenario solutions will be discussed within the course.

Special Feature: Tax Excel Templates will be provided

WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “The tools of goal seek & solver shared are very useful & help in better understanding of tax planning. The best thing I learn from this course is the various simulation exercises on SST, Withholding Tax, Corporate Tax & Employment Tax. The whole program meets the objectives.”
    BURSAR, KOLEJ PROFESIONAL BAITUMAL KUALA LUMPUR
  • “The best thing I learn from this course is the material shared are all easy to understand. I’ve learnt the systematic ways to compute Corporate tax.“
    Executive Tax Accounting, Petroleum National Bhd (PETRONAS)
  • “The benefit from this course is the complete coverage of tax area for a new career. Dr Steven Liew shared a lot of references and tips that can be applied to my job.”
    TAX ACCOUNTING, GROUP FINANCIAL CONTROLLER, PETROLEUM NATIONAL BHD (PETRONAS)
  • “Very good exposure on taxation and correct ways of computing & the legal ways for tax planning.”
    FINANCE EXECUTIVE, NOVA SPECTRA SDN BHD
  • “What I learnt most from this course is more detail understanding on Tax computation, tax planning, Goal Seek, Transfer Pricing- Arm’s length Principle, benchmarking analysis, avoid dispute with IRB and also functional, assets & risk (FAR) analysis.”
    Asst Finance Manager, STORE & SEND LOGISTICS SDN BHD
  • “The best thing I learn from this course is more detail understanding on Tax computation, tax planning, Goal Seek, Transfer Pricing- Arm’s length Principle, benchmarking analysis, and also functional, assets & risk (FAR) analysis.”
    ACCOUNTANT, QL MARINE PRODUCTS SDN BHD

Group Discussion. Real-current Corporate Tax & Transfer Pricing issues will be analyzed, and scenario solutions will be discussed within the course.

Special Feature: Tax Excel Templates will be provided

DAY 1
9:00

MODULE 1: TAX ALLOWABLE & DEDUCTIONS

  • Allowable expenses
  • Non-allowable expenses
  • Special Deduction
  • Double Deduction
10.45

MODULE 2: UNDERSTANDING TAX & TAX PLANNING

  • Income tax computation
  • Non allowable deduction
  • Special deduction
  • Double deduction
  • Capital allowance.
  • Approved Donation
  • Tax rate
  • Use financial tools of goal seek & solver to meet management tax planning & cash flow position.
12.00

MODULE 3: REINVESTMENT ALLOWANCE (RA)

  • Special Tax Incentive
  • Restricted To 70% Of the Statutory Income
  • Unabsorbed RA
  • RA is given on a company basis.
  • Qualifying project
  • Qualifying period
  • Disposal of assets
  • Claim procedure.
1:00 Lunch
2:00

MODULE 4: SALES TAX – EXEMPTION & FACILITIES

  • Difference between GST & SST
  • Exemption & Facilities
  • Business Preparation
3:45

MODULE 5: WITHHOLDING TAX

  • ITA 1967 Special classes of income on which tax is chargeable (Section4A)
  • Consequences of Not Deducting and Remitting Tax
  • ITA 1967, Deduction of tax from special classes of income in certain cases derived from Malaysia 109B.
  • Withholding Tax Exemption on Income from Services Performed Outside Malaysia
  • How Will the Withholding Tax Changes Affect your Business?
  • Withholding tax case study
5:00 End of Day 1
DAY 2
9:00

MODULE 6: TRANSFER PRICING TERMINOLOGY

  • What is Transfer Pricing?
  • Material Changes
  • Transfer Pricing Adjustment
  • Arm’s length principle
  • Definition of Related Party & Relative
  • What are Associated Enterprises (AEs) / Related Party?
  • Comparability, functional and risk analyze.
  • Pricing Policies
  • Benchmarking analysis


10.45

MODULE 7: DEALING WITH IRB

  • Common Grounds of Disputes with IRB
  • Avoiding disputes
  • Challenges faced by taxpayers.
12.00

MODULE 8: PRACTICAL ISSUES ON TRANSFER PRICING

  • What are the Main focus areas by IRB in a TP Audit?
  • How can I comply with the Transfer Pricing Rules?
  • How often should the contemporaneous transfer pricing documentation be updated?
  • What is a Transfer Pricing Audit?
  • What is Contemporaneous Transfer Pricing Documentation?
  • How to demonstrate that intra-group services are conducted on an arm’s length basis?
  • Why are intercompany agreements important?
  • How to prepare a good TP documentation?
  • What are currently the main TP areas of scrutiny by the tax authorities in your country?
1:00 Lunch
2:00

MODULE 9: TP DOCUMENTATION CHECKLIST

  • Organization structure
  • Nature of business or industry & market conditions
  • Controlled transactions
  • Pricing Policies
  • Comparability, functional, assets and risk (FAR) analysis
  • The selection of the transfer pricing method
  • Methodologies for Transfer Pricing
  • Supporting documents in developing the TP analysis
  • Index to documents
3:45

MODULE 10: CASE STUDY - RELATED PARTY TRANSACTIONS

  • Related Party Transactions (RPT)- IT services
  • Related Party Transactions (RPT)- Rental
  • Related Party Transactions (RPT)- Intragroup financing
5:00 End of Course