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Deferred Tax, Corporate Tax & Reporting

18-19 Feb, 2025, Wyndham Grand Bangsar Kuala Lumpur

IPA Training is Registered with

Venue Details

Wyndham Grand Bangsar Kuala Lumpur
1, Jalan Pantai Jaya Tower 3, Kuala Lumpur, 59200 MY,

https://wyndhamgrand bangsarkl.com.my/


Phone : +60322981888

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

Deferred Tax

  • Module 1: Overview of Deferred Tax
  • Module 2: Taxation Movement Schedule
  • Module 3: Deferred Tax Computation (Balance Sheet Method)
  • Module 4: Qualifying Net Book Value
  • Module 5: Deferred Tax Computation (Profit & Loss Method)
  • Module 6: Notes to the account- Disclosure

Corporate Tax

  • Module 1: Income tax computation
  • Module 2: Tax incentives -Promotion of Investment Act
  • Module 3: Corporate tax planning Strategies
  • Module 4: Cash flow planning using AI Solver (Multiple Strategies)
COURSE OBJECTIVES

The primary goal of this course is to help professionals who have knowledge in finance and accounting in developing sound financial knowledge to understand & strengthen their Deferred Tax & Corporate Tax

The course also examines the many crucial facets of Deferred Taxation & Corporate Tax, where the relevant law as well as the procedure necessary to comply with the requirements of the Inland Revenue Board.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding The Principles In Computation Of Corporate Tax.
  2. Updating On Tax Deductions (Allowance Vs Non-Allowance Expenses)
  3. Getting Guidance On Corporate Tax Planning
  4. Understanding Cash Flow Planning Using AI Solver (Multiple Strategies)
  5. Understanding The Principles In Computation Of Deferred Tax.
  6. Applying Tax Planning Using What-If Analysis Tool
WHO SHOULD ATTEND
Accounts Executives, Senior Accounts Executives, Tax Managers, Accountants, Business Managers, Finance Managers, Supervisors and All Professionals who are interested in updating on Deferred Tax & Corporate Tax.
METHODOLOGY

Interactive Lectures, Case Studies and Group Discussion. Real-Current Deferred Tax & Corporate Tax issues will be analyzed, and scenario solutions will be discussed within the course.

Special Feature: NOTE: Please bring laptop along (tax excel templates will be provided)

DAY 1
9:00

CORPORATE TAX
MODULE 1: INCOME TAX COMPUTATION

  • Nonbusiness Income
  • Allowable Expenses
  • Non-Allowable Expenses
  • Special Deduction
  • Double Deduction
  • Balancing Charge & Allowance
  • Unabsorbed Capital Allowance B/F
  • Current Capital Allowance
  • Unabsorbed Previous Business Loss B/F
  • Approved Donation
10.45

MODULE 2: TAX INCENTIVES -PROMOTION OF INVESTMENT ACT

  • Qualifying Industry & Qualifying Capital Expenditure. (MIDA)
  • Tax Incentives
    - Pioneer Status
    - Investment Tax Allowance
    - Reinvestment Allowance
1:00 Lunch
2:00

MODULE 3: CORPORATE TAX PLANNING STRATEGIES

  • Use Business Tools Of What If Analysis -Goal Seek To Manage Tax Planning.
  • General Tax Planning
    - Capex
    - Review Opex
    - Invest R&D
    - Inventory Write Off.
3:45

MODULE 4: CASH FLOW PLANNING USING AI SOLVER (MULTIPLE STRATEGIES)

  • Collect More
  • More Sales
  • Reduce Expenses (Cost Of Sales & Opex)
  • Change Term Of Payments
  • Inject Capital
  • Borrow More
  • Review Capex
5:00 End of Day 1
DAY 2
9:00

DEFERRED TAX
MODULE 1: OVERVIEW OF DEFERRED TAX

  • Accounting Profit vs Taxable Profit
  • Tax Paid vs Tax Expense
  • What Is Deferred Tax?
  • IAS 12 Timing Difference vs Permanent Difference
  • Deferred Tax Liability
  • Deferred Tax Asset
  • Differences In Capital Allowances vs Depreciation
10.45

MODULE 2: TAXATION MOVEMENT SCHEDULE

  • Current Year Provision
  • Payment Made
  • Tax Refund
  • Section 110 Set - Off
  • Under / (Over) Provision
  • Tax Instalment Schedule
12.00

MODULE 3: DEFERRED TAX COMPUTATION (BALANCE SHEET METHOD)

  • Net Book Value Assets
  • Addition, Disposal, Depreciation & Capital Allowance
  • Net Book Value Of Qualifying Assets (Carrying Value)
  • Tax Written Down Value (Tax Base)
  • Temporary Difference [(DTA) / DTL]
  • Other Temporary Difference
1:00 Lunch
2:00

MODULE 4: QUALIFYING NET BOOK VALUE

  • Qualifying Assets
  • Non-Qualifying Assets
  • Non-Qualifying Depreciation
3:45

MODULE 5: DEFERRED TAX COMPUTATION (PROFIT & LOSS METHOD)

  • Tax Computation
  • Chargeable Income
  • Permanent Difference
  • Timing Difference
 

MODULE 6: NOTES TO THE ACCOUNT- DISCLOSURE

  • Income Tax
    - Current Year
    - Prior Years (Over)/Under Provision
  • Deferred Tax
    - Current Year
    - Prior Years (Over)/Under Provision
  • Tax Reconciliation
5:00 End of Course