Employment Incomes, PCB Payroll & CP-58 Commission Treatment

17 Aug, 2023, Remote Online Training - Public

Register Now
PDF Brochure

IPA Training is Registered with

Learn from the Best

Thilles is a tax accountant and a Tax Agent approved under
Section 153 (3) (c) of the Income Tax Act (ITA), as well as an associate member of CTIM, the Chartered Tax Institute of Malaysia.

 

Thilles graduated from HELP University in 2006 with a BA HONs in
Accounting and Finance and subsequently, a Master of Business
Administration (MBA) Finance, General from the University of
Southern Queensland in 2013. She is also a HRDCorp Certified Trainer.

 

She specialized in providing tax preparatory and advisory works, including financial
accounting for her clients. Prior to starting her own firm, she worked in various
capacities including being a Tax Senior and local tax firms and an oil & gas MNC.

 

She is known for her ability to provide specific business tax solutions to business
owners. Such customized tax solutions have greatly eased the process of managing & planning tax assessment. Her ability to explain a tax issue in an easy-to-understand manner to anyone, including a lay person, has won her endorsements.

Venue Details

Remote Online Training - Public

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

FOCUSING ON
  • Module 1 - CP 39 & CP 38
  • Module 2 - SISTEM e-PCB
  • Module 3 - PCB
  • Module 4 - Benefits in Kind
  • Module 5 - Employer’s Responsibilities
  • Module 6 - CP 58 Commission Statement
  • Module 7 - Expenses
  • Module 8 - Tax Declaration
  • Module 9 - Financial Statements
  • Module 10 - CP 500
OBJECTIVES

Payroll processing is an important function of an organization. Yet the preparers might not be well versed with the financial, accounting and tax-related implication. Amongst others, attendees will learn how to prepare EA Form, E-PCB, Data Praisi, PCB 2 (II) Report and more.

One of the highlights of this course is to delve into CP-58 Commission Treatment arising from sales by an agent, dealer or distributor, and cover both monetary and non-monetary benefits.

Join this up-to-date course that will help you ease your payroll process, reduce human PCB calculation mistakes and avoid unnecessary tax penalty.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the essentials and features of Employment Income
  2. Learning the latest amendments to Income Tax Law and especially where they relate to Employment Income and Employers
  3. Knowing about the duties and responsibilities of Employers and how the Forms and other notifications to Inland Revenue are to be completed
  4. Referencing made to e-PCB System
  5. Developing a clearer understanding of CP58, Section 83A (1) of ITA 1967
  6. Being able to know Tax Bands, Deadlines and Incentives not required to be disclosed
  7. Declaring the correct amount of Tax
  8. Knowing proper Document Keeping
  9. Knowing the Exemptions
  10. Understanding various Tax-Saving Tools
WHO SHOULD ATTEND
  • Company Directors, General Managers and Business Owners
  • HR Manager, Payroll Managers
  • Finance Manager, Company Accountant
  • Executives and administrators
METHODOLOGY
Interactive Lectures, Group Discussions, Calculations, Individual Presentation and Q & A.
COURSE CONTENT
9:00

MODULE 1 - CP 39 & CP 38

  • CP 38 vs CP 39 under Monthly Tax Deduction (MTD)
  • What is CP39? What is CP38?


 

MODULE 2 - SISTEM E-PCB

  • Akses Sistem e-PCB
  • Pendaftaran Majikan/Pengguna Baru
  • Menggunakan Sistem e-PCB

 

10.45

MODULE 3 - PCB

  • Type of Remuneration Subject to PCB
  • Type of Remuneration NOT Subject for PCB

 

 

MODULE 4 - BENEFITS IN KIND

  • S13 (1) (b) Benefits In Kind (BIK)
  • S13 (1) (c) Value Of Unfurnished Accommodation

 

12:00

MODULE 5 - EMPLOYER’S RESPONSIBILITIES

  • Register an Employer’s number E
  • Form E together with the CP 8D
  • Statement of remuneration (Form EA / EC)
  • Statement of monetary and non- monetary incentive payment (Form CP58)
  • Form CP22, Form CP22A, Form CP22B, Form CP21,TP1 and TP3

 

 

MODULE 6 - CP 58 COMMISSION STATEMENT

  • What Is Form CP58 and Do You Need to Prepare It?
  • Form CP58: What it is all about
  • Monetary incentive
  • Non-monetary incentive

 

1:00

Lunch

2:00

MODULE 7 - EXPENSES

  • Allowable
  • Non-Allowable Expenses

 

 

MODULE 8 - TAX DECLARATION

  • Form e -BE/ B
  • Tax Reliefs YA 2022

 

3:45

MODULE 9 - FINANCIAL STATEMENTS

  • Preparation of Profit & Loss Account
 

MODULE 10 - CP 500 

  • Advance Tax Payment
  • Tax Planning

 

  RECAP & Q&AS 
5:00 End of Course