Tax Compliance & Statutory Changes affecting Payroll Administration

04 Aug, 2022, Remote Online Training - Public

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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

Remote Online Training - Public

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Phoebe,
M - 019 363 7822
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
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

FOCUSING ON
  • Definition
  • Benefits In Kind (BIK) versus Perquisites
  • Tax Exemptions versus Tax Rebates
  • Allowable Tax Relief And Other Deductions
  • Tax Residence and Tax Rates
  • Gratuity versus Pension
  • Various Income Tax Forms
  • Understanding PCB/ MTD 2022
  • Year End Duties & Responsibilities Of Employers
  • Employer-Paid Tax (Tax Majikan)
  • Employees Provident Fund Act 1991
  • Social Security Act (SOCSO) 1969
  • Employment Insurance System Act (EIS) 2017
  • HRDF ACT 2001
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.

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. Obtaining strategies on how 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.
  6. Updating on the changes in 2022 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
COURSE CONTENT
9:00

DEFINITION

  • The various Legislations Affecting Wages in Malaysia
    - Computing Ordinary Rate of Pay (ORP)
    - Policies & Practices Affecting Wages
    o Leave & Unpaid Leave
    o Maternity Leave Benefit
    o Public Holiday Benefit
    o Short Notice/ Pay-in-lieu-of Notice
  • Recent Changes In 2022 on Employment Act Affecting Payroll
  • Breaking down the various components of Income under Malaysian Income Tax Act

 

BENEFITS IN KIND (BIK) VERSUS PERQUISITES

  • BIK & OTHER INCOME TAX PUBLIC RULING
  • Examples & Exercises on Difference between Benefits-In-Kind & Perquisites
  • Public Rulings Affecting Employee Payroll
 

TAX EXEMPTIONS VERSUS TAX REBATES

 

ALLOWABLE TAX RELIEF AND OTHER DEDUCTIONS

  • Compulsory Deductions
  • Optional Deductions
  • Authorized Deductions under the Employment Act

 

TAX RESIDENCE AND TAX RATES

  • Resident and Non-Resident Tax
  • Tax Residents – Criteria & Benefits
  • Other Tax Resident Types: REP and Iskandar
  • Case Studies involving Tax Residence
1:00

Lunch

2:00

GRATUITY VERSUS PENSION

  • Termination
  • Retirement
  • Compensation for Loss of Employment
  • Other Lump Sum Payments
  • Leaving the Country
 

VARIOUS INCOME TAX FORMS

  • BORANG TP1
  • TP3 FORM & MTD
 

UNDERSTANDING PCB/ MTD 2022

  • Components in PCB Formula
  • Understanding Normal and Additional Wages
  • Fixed Income and Non-Fixed Income
  • Computing Tax on Previous Year’s Income
  • Concept of Tax-free Benefits as part of Monthly Income
 

YEAR END DUTIES & RESPONSIBILITIES OF EMPLOYERS

  • Borang EA
  • Slip Jawapan
  • Tax Exemption Listing
  • Year-End Reconciliation
 

EMPLOYER-PAID TAX (TAX MAJIKAN)

  • Tax Treatment for Employer-Paid Tax
  • Case Studies
 

BRIEFLY

 
  • EMPLOYEES PROVIDENT FUND ACT 1991
    o Definition of Wages under EPF Act
    o Latest Changes in the EPF Act
 
  • SOCIAL SECURITY ACT (SOCSO) 1969
    o Latest Changes in the SOCSO Act
    o Coverage of Foreign Workers
    o Expatriate Staff & SOCSO
 
  • SOCIAL SECURITY ACT (EIS) 2017
    o Coverage & Exemptions
    o Rate of Contribution
    o Benefits

 
  • HRDF ACT 2001
    o Coverage & Exemptions
    o Rate of Contribution
    o Benefits
5.00 End Of Course