Employer s Tax Obligations Workshop (Fundamental) Re-Run. kpmg.com/my

Transcription

1 Employer s Tax Obligations Workshop (Fundamental) Re-Run kpmg.com/my

2 Workshop Objective With the current stringent tax laws and tax audit carried out by the Inland Revenue Board ( IRB ), employers have to keep abreast of changes to tax laws and regulations in order to discharge its obligations. The obligations include notifying the IRB on commencement of employment, remitting the correct amount of Monthly Tax Deductions ( MTD ), notifying IRB on cessation of employment, filing of employer tax return etc. Employers have to be cognisant with the changes in tax rules in order to carry out the respective tasks. Non-compliance will lead to penalties being imposed by the IRB. It is therefore important for HR personnel or personnel tasked with payroll matters be kept updated with the recent tax developments to discharge the employer s tax obligations fully. This session will cover the general compliance of employer s obligation. Our two experienced speakers will go through the completion of the relevant statutory forms, including the mechanism on MTD calculations. The following topics will be covered during the workshop: Requirement to notify the IRB relating to newly joined employees, resignees, seconded employees and retirees Disclosure of income in the Form EA/Form CP21/Form CP22A - Types of Perquisite and Benefit-in-Kind ( BIK ) - Tax exempt benefits Completion of Form E vide e-filing Monthly Tax Deductions ( MTD ) - Distinction between Normal and Additional Remuneration - MTD as a final tax Penalties for non-compliance of employer s obligations Update of Budget 2018 which impacts employer s tax obligation There will be brief case studies for participants to apply their understanding on the above topics. The following Public Rulings ( PR ) will also be discussed in tandem with the above: PR No. 3/2005 : Living Accommodation Benefit Provided for the Employee by the Employer PR No. 1/2012 : Compensation for Loss of Employment PR No. 2/2013 : Perquisites From Employment PR No. 3/2013 : Benefits In Kind PR No. 9/2016 : Gratuity PR No. 11/2016 : Tax Borne by Employer PR No. 12/2015 : Recovery From Persons Leaving Malaysia

3 Speaker s Profile Ms Janet Chua Associate Director of Global Mobility Services ( GMS ) Practice, Malaysia Janet has been with GMS Practice for more than 20 years. Her experience includes immigration service and handles work permit applications including liaising with the Immigration Department, Malaysian personal tax compliance and advisory on employer tax related issues. Soh Yueen San Tax Manager of GMS Practice, Malaysia Yueen San has more than 9 years of experience in providing personal tax compliance and advisory services to local and international clients. Her Malaysian tax engagements involve the preparation of personal tax returns, tax equalization calculations, Employer s Tax Return ( Form E ), calculation of Monthly Tax Deduction ( MTD ) and liaising with the IRB on contentious tax issues. She provides advice to her clients on Malaysian personal tax implications. Facilitator s Profile Fong Chooi Lian, Director of GMS Practice, Malaysia Chooi Lian has more than 20 years experience in Malaysian personal tax for inbound and outbound assignees of local and foreign multinational companies which are involved in banking, manufacturing, trading, investment holding and etc. Her experience includes advisory assignments relating to employee s secondment to overseas, tax equalization policy, employees share scheme, restructuring of remuneration packages, payroll compliance review. She also conducts in-house tax training as well as tax briefings to clients. Who Should Attend Personnel who handles payroll, process reimbursement of claims or in possession of information relevant for the calculation of MTD, preparation of Form EA/Form CP21/CP22A and Form E. Workshop Details Thursday, 11 January a.m. to 5.30 p.m. One World Hotel, Petaling Jaya

4 Agenda 8.30 a.m a.m. Breakfast and Registration 9.00 a.m a.m. Newly joined employees Resignees / seconded employees / retirees MTD a.m a.m. Tea break a.m p.m p.m p.m. MTD (cont d) and Form EA/BIK/Perquisite Lunch 1.30 p.m p.m p.m p.m. Form EA/BIK/Perquisite (cont d) Tea break 3.15 p.m. 5:15 p.m. 5:15 p.m. 5:30 p.m. Form EA/BIK/Perquisite (cont d) Form E Penalties for non-compliance Update of Budget 2018 Questions and Answers There will be related brief case studies after each topic. This workshop is limited to only 35 participants to ensure interactive discussions. Registration is on a first come first served basis. For further inquiries, please contact Ms Carmen Yong or Ms Katherine Subramaniam or or them at carmenyong@kpmg.com.my or katherinesubramaniam@kpmg.com.my.

5 Registration Employer s Tax Obligations Workshop (Fundamental) Re-Run Please mail your completed form and cheque to: KPMG Tax Services Sdn Bhd, 10th Floor, KPMG Tower, No. 8, First Avenue, Bandar Utama, Petaling Jaya, Selangor or fax it to /7388. For online registration, please visit (Please photocopy the registration form for more delegates) Name: Salulation: Organisation: Tel: Postal Address: Designation: Fax: Please indicate appropiately. Alumni member Vegetarian meal Name: Salulation: Organisation: Tel: Postal Address: Designation: Fax: Please indicate appropiately. Alumni member Vegetarian meal Name: Salulation: Organisation: Tel: Postal Address: Designation: Fax: Please indicate appropiately. Alumni member Vegetarian meal

6 CPD Certificate of attendance will be issued for 8 CPD hours. Fee & Payment RM1,060 (inclusive of 6% GST) per participant. 10% discount is given for registration of two or more participants. KPMG Alumni members are entitled to 10% discount. HRDF application may be made under the Skim Bantuan Latihan, subject to approval by Pembangunan Sumber Manusia Berhad. Registration fee is to be settled on or before 5 January 2018 to confirm participation. Registration fee is inclusive of seminar materials, breakfast, tea break and lunch. Cheques should be crossed and made payable to KPMG Tax Services Sdn Bhd. I/We enclose payment of RM via Cheque/Bank Draft no. payable to KPMG Tax Services Sdn. Bhd. Cancellation A substitute delegate is welcome at no extra charge if the registered participant is unable to attend. No refund will be given for cancellations received less than 14 working days before the workshop date. KPMG reserves the right to change the speaker, facilitator, venue, date and to vary/cancel the programme should circumstances beyond its control arise. KPMG also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. You are deemed to have read and understood the terms and conditions upon signing the registration form KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. Printed in Malaysia. The KPMG name and logo are registered trademarks or trademarks of KPMG International.