IPA Training is Registered with

Venue Details

AC Hotel Kuala Lumpur by Marriott (Formerly known as Vistana Kuala Lumpur)
9 JALAN LUMUT OFF JALAN IPOH,,

https://www.marriott.com/en-us/hotels /kulka-ac-hotel-kuala-lumpur /overview/?scid=45f93f1b-bd77-45c9-8dab-83b6a417f6fe&y_source=1_ MTQ2NDU5MDEtNDgzLWxvY2F 0aW9uLndlYnNpdGU%3D

Fax : 0 3-40428000

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

EPF: Contributions & Deductions
EPF: Benefits & Claims
SOCSO: Contributions & Deductions
SOCSO: Benefits & Claims
Employment Insurance Scheme 2018 (EIS)
Income Tax Remuneration
Tax Residency
MTD / PCB
Withholding Tax
Tax Treatment for Gratuity and Compensation Payments
Benefits-in-kind and Perks & Others
Key Public Rulings by LHDN
Tax on Shares Offered by Employer
Preparing the EA Form & Other Documentation

OVERVIEW

Purpose of EPF, SOCSO and Employment Insurance Scheme 2018.
The EPF Act 1991 is a compulsory retirement scheme for employees. The SOCSO Act 1969 is a compulsory insurance scheme for employees for employment injury or invalidity. The Employment Insurance Scheme2018 is a compulsory scheme for retrenched employees.

Both employer and employee are required by law to contribute to EPF, SOCSO and EIS. All the schemes have benefits for employees and there are rules on how to avail of them.

Obligations of Employer for ‘PCB’
The Monthly Tax Deduction (MTD/PCB) scheme is a compulsory pay-as-you-earn (PAYE) scheme whereby employers are required to deduct employees’ tax on a monthly basis using the schedule, formula, and approved vendor software or e-calculator methods.

Benefits
There are many workshop sessions for participants to master the PCB & Employee Tax Issues and EPF 1991 & SOCSO 1969 Acts and EIS (2018).

Highlights
The Step-by-Step Benefit of the Experiential Workshop Session on the PCB Monthly Tax Deduction.

The workshop also demonstrates how the MTD/PCB is computed step-by step using the manual formula method so that you are able to explain to other employees the process; and answer the golden question: ‘why does MTD / PCB vary from month to month?’

WHO SHOULD ATTEND

Paymasters
Payroll Executives
Payroll Administrators
HR Executives
HR Assistants

METHODOLOGY

Interactive Presentations, Discussion, Workshop Sessions & Case Studies.

COURSE LEARNING OUTCOMES (CLO)

Conform to all documentation requirements for EPF, SOCSO, EIS, EA form for tax
Distinguish wages for EPF, SOCSO, EIS and Income Tax
Computing MTD / PCB deductions and contributions using the schedule and formula methods.
Report tax for benefits, perks, renumeration
Explain how to calculate tax on gratuity and compensation payments
Explain the requirements for categorising of residents and non-residents for tax purposes
Preparing the EA form correctly.

DAY 1

9:00

EPF: CONTRIBUTIONS & DEDUCTIONS

Who must contribute?
Definition of wages for EPF contributions
Rate of contributions under Parts A, B, C, D
Rate of contribution by non-citizens & employers
Rate of contribution for employees below and above 60 years of age
Maximum age for contribution
Documentation

10:45

EPF: BENEFITS & CLAIMS

Withdrawal on reaching 50 & 55 & 60 years of age and for other reasons
Re-contribution to EPF after full withdrawal
Full and partial and periodic withdrawals
Additional payments for death and permanent disablement
Maximum age for withdrawal

SOCSO: CONTRIBUTIONS & DEDUCTIONS

Who needs to contribute and under what categories?
Definition of wages for SOCSO
Penalties for non-contribution
Who is responsible for contribution?
Maximum ages of contribution under Employment Injury Scheme and Invalidity Schemes
Documentation

12:00

SOCSO: BENEFITS & CLAIMS

Temporary and Permanent Disablement Benefit
Total and Partial Disablement
Occupational Diseases
Invalidity Grant
Pension Schemes
Contribution qualification for benefit
Survivors’ / dependents’ pension
Constant Attendance Allowance
Medical Benefit
Funeral Benefit
Education Benefit
Accidents while traveling
Procedures in claims

1:00

Lunch

2:00	EMPLOYMENT INSURANCE SCHEME 2018 (EIS) Contributions Benefits

2:00	INCOME TAX REMUNERATION Definition of wages for income tax deductions Minimum income level for income tax deduction Normal vs additional remuneration

3.45	TAX RESIDENCY Who is a tax resident? Qualifying period of stay in Malaysia for tax residency Tax rates for resident & Non-residents

5:00	End of Day 1

DAY 2

9:00	MTD / PCB Using the schedule and formula methods to compute MTD/ PCB Compulsory and optional deductions Rebates after tax Deductions for previous years

10:45

WITHHOLDING TAX

Types of income
Quantum of tax
Categories of personnel

TAX TREATMENT FOR GRATUITY AND COMPENSATION PAYMENTS

Definition of gratuity and compensation
Conditions for Tax free gratuity and compensation
Rate of tax for qualified exemptions