Deferred Tax, Corporate Tax & Reporting

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

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a
Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the
National University of Singapore and a PhD in international finance with Rushmore University of USA.


 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally
managing multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years’ working experience in senior financial & operational management positions spearheading the
profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.


 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and has successfully completed the Custom
examination.


 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit
Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management,
Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd ,
Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries
Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam.
Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd
He is currently providing management consultancy and training specializing in Fast closing monthly,
leadership, Strategic Planning, Sales Management, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.


 

WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
“The tools of goal seek & solver shared are very useful & help in better understanding of tax planning. The best thing I learn from this course is the various simulation exercises on SST, withholding tax, corporate tax & employment tax. The whole program meets the objectives.” BURSAR, KOLEJ PROFESSIONAL BAITUMAL KUALA LUMPUR


 

“The best thing I learn from this course is the material shared are all easy to understand. I’ve learnt the
systematic ways to compute corporate tax.” EXECUTIVE TAX ACCOUNTING, PETROLEUM NATIONAL BHD
(PETRONAS)


 

“The benefit from this course is the complete coverage of tax area for a new career. Dr Steven Liew shared a lot of references and tips that can be applied to my job.” TAX ACCOUNTING, GROUP FINANCIAL
CONTROLLER, PETROLEUM NATIONAL BHD (PETRONAS)


 

“Very good exposure on taxation and correct ways of computing & the legal ways for tax planning.” FINANCE EXECUTIVE, NOVA SPECTRA SDN BHD

Venue Details

Wyndham Grand Bangsar Kuala Lumpur
1, Jalan Pantai Jaya Tower 3, Kuala Lumpur, 59200 MY,
Phone : +60322981888

https://wyndhamgrand bangsarkl.com.my/

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

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