• Module 1: Business Income
  
• Module 2: Corporate Tax Strategies
  
• Module 3: Capital Allowances
  
• Module 4: Government Grant for MSMES
  
• Module 5: Tax Audit & Investigation
  
• Module 6: Audit Exemption for Certain Private Companies in Malaysia

Tax has become the single largest cost of doing business today. As companies make huge profits, the payment of taxes has reached an all-time high. However, many companies are paying more tax than is required by law. How can this be? Have you maximised your tax deductions? Have you considered all the tax incentives? Are all the earnings taxable? These and other questions need to be considered if a company is to achieve tax efficiency.

Under the self-assessment system, it is essential for taxpayers to be completely familiar with the basic tax issues and requirements of the law. It is the primary responsibility of the taxpayer to accurately compute his tax liability and maintain the relevant documentation as evidence for a subsequent tax audit by the IRB. Taxpayers need to learn, understand, apply, and manage the various tax compliance issues relevant to corporate entities.

Companies trading globally now face more tax challenges under the self-assessment tax regime in Malaysia. International tax challenges are among the most complex and potentially expensive issues facing companies. Multinational enterprises (MNEs’) should develop an effective tax strategy and plan to optimise tax savings.

In some instances, as a result of tax audits or investigations carried out the inland revenue board, the additional tax and penalties that are imposed on the companies leave them facing a great dilemma as there may be insufficient funds available to settle the tax liabilities. Tax payers should also look at mitigating their tax liabilities based on legal means that are missed out due to either lack of sufficient information or sheer ignorance. Suffice to say that knowledge gained at this course may be converted to real savings by corporate tax payers.

1. Understanding the contribution that taxation makes to the government’s income, outlining the various taxes imposed by the Inland Revenue Board.
   
2. Determining the basis period when the sources of income are taxable.
   
3. Identifying the business income available in business environment.
   
4. Computing chargeable income for a given year of assessment.
   
5. Identifying various types of business deductions available to business.
   
6. Understanding the difference between capital expenditure and revenue expenditure.
   
7. Advising types of capital allowances to business and finally.
8. Formulating tax planning strategies for companies carrying on taxation.
   
9. Understanding types of government grant for MSMES.
   
10. Advising types of tax audit and its tax audit exemption for business owners.