WITHHOLDING TAX ON SPECIAL CLASSES OF INCOME

22 Apr, 2024, Remote Online Training - Public

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Thilles is a tax accountant and a Tax Agent approved under Section 153 (3) (c) of the Income TaxAct (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 HRD Corp 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: Purpose and Objectives of Withholding Tax
  • Module 2: Penalties for Non-Compliance
  • Module 3: Public Ruling
  • Module 4: What are “Permanent Establishment” and “Place of Business”?
  • Module 5: Redefinition/Amendments of the Following in Budget 2017
COURSE OBJECTIVES

Withholding tax is a mechanism to collect income tax from certain groups of non-residents and is an area often overlooked by businesses.

This course will give an overview of the withholding tax system on who are non-resident companies and individuals Transactions that are subject to withholding tax.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding The Legal Requirements:
    Gaining a comprehensive understanding of the legal requirements in Malaysia. You will learn about the applicable laws, regulations, and guidelines related to withholding tax, ensuring compliance with the tax authorities.
  2. Avoiding Penalties And Legal Issues: Non- compliance with withholding tax regulations can result in penalties, fines, and legal issues.Learning about the common pitfalls and mistakes to avoid, ensuring that you fulfill your withholding tax obligations correctly and preventing any potential legal or financial consequences.
  3. Maximizing Tax Efficiency:
    Understanding the intricacies of withholding tax can help you optimize your tax planning and minimize your tax liabilities. Learning about various strategies and techniques to legally reduce your withholding tax burden, potentially saving your organization money.
  4. Improving Your Internal Processes:
    Equipping you with practical knowledge and tools to improve your organization’s internal processes. You can learn about efficient record-keeping, documentation requirements, and reporting procedures, which can streamline your withholding tax compliance and reporting activities.
  5. Staying Updated With Changes:
    Staying informed about the latest developments in withholding tax laws and regulations in Malaysia. This knowledge will enable you to adapt your practices accordingly and ensure ongoing compliance.

Overall obtaining valuable insights, knowledge, and skills to effectively manage your withholding tax obligations, minimizing risks, and optimizing your tax planning strategies.

WHO SHOULD ATTEND
Chief Financial Officers, Financial Controllers, Finance Managers, Accountants, Tax Consultants, Company Secretaries, Tax Practitioners/Advisors.
METHODOLOGY
Interactive Lectures Plus Exercises, Case Studies And Group Discussions
COURSE CONTENT
9:00

MODULE 1: PURPOSE AND OBJECTIVES OF WITHHOLDING TAX

  • Payments that are Subject to Withholding Tax:
  • Interest (S109)
  • Royalty (S109)
  • Service fee (S109B)
  • Rental of movable property (S109B)
  • Gains or profits under S4(f) (S109F)
  • Public entertainer fee (S109A)
10.45

MODULE 2: PENALTIES FOR NON- COMPLIANCE

12.00

MODULE 3: PUBLIC RULING

  • Public Ruling 11/2018: Withholding tax on special classes of income (S109B withholding tax)
  • Public Ruling 6/2017: Withholding tax on income of a non-resident public entertainer (S109A withholding tax)
  • Public Ruling 1/2010: Withholding tax on other gains or profits (S109F withholding tax)
1:00 Lunch
2:00

MODULE 4: WHAT ARE “PERMANENT ESTABLISHMENT” AND “PLACE OF BUSINESS”?

3:45

MODULE 5: REDEFINITION/AMENDMENTS OF THE FOLLOWING IN BUDGET 2017:

  • Royalty, Public entertainer, Payment for services
  • Practice Note 1/2018: Tax treatment on digital advertising (e.g. FB & Google) provided by a non-resident
5:00 End of Course