Tax and Immigration Considerations for Global Mobility Employees

Transcription

1 Tax and Immigration Considerations for Global Mobility Employees 8 August 2018 One World Hotel, Petaling Jaya kpmg.com/my

2 Workshop Objective Tax and immigration are critical areas which demand attention for global companies which move talent around the world, whether on short-term or long term assignments. Non-compliance with tax and immigration laws can be costly to employers in view of severe fines, penalties and administration costs, in addition to potential reputational damage to companies and undue stress to international assignees. A more proactive approach to advance planning for international assignees helps a company effectively to reduce related risks and costs. Our two experienced speakers will share with you the tax/immigration issues associated with international assignees who are on short term or long term assignment to Malaysia. The following topics will be covered during the workshop: Immigration What is considered work and under what circumstances would an Employment Pass ( EP ) or Professional Visit Pass ( PVP ) be applicable? Consequences of Non Compliance with Visa/Work Permit Requirements Update on Immigration s Practice on processing of PVP, re-classification of EP and updating the Company s corporate profile in the Expatriate Services Department ( ESD ) s system Sharing of Practical Experiences Income Tax Sourcing of employment income Tax Residency Tax Trigger Point Available tax exemptions under local tax law & tax treaties Bilateral and Unilateral credit Intertwining immigration and tax issues Compliance obligations of employers and employees

3 Speaker s Profile Ms Wee Chong Eng Director of Global Mobility Services (GMS) Practice, Malaysia Chong Eng has more than 20 years of tax experience in providing Malaysian personal tax compliance and advisory services to local as well as multinational companies. Apart from her experience in tax compliance for local individuals, expatriates, Chong Eng has been involved in personal tax planning, restructuring of remuneration packages and advisory services for individuals, both locals and expatriates. She has also advised clients on share scheme, tax reimbursements policies, payroll compliance review as well as due diligence. She also conducted workshops, both internally and externally to clients. 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 provision of immigration service and work permit applications including liaising with the Immigration Department, Malaysian personal tax compliance and advisory on employer tax related issues. Facilitator s Profile Fong Chooi Lian Director of Global Mobility Services (GMS) Practice, Malaysia Chooi Lian has more than 20 years of 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 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 Human Resource Personnel Global Mobility Personnel Personnel who deal with issues relating to international assignees. Workshop Details 8 August 2018 (Wednesday) 8.30a.m. to 5.30p.m. One World Hotel, Petaling Jaya

4 Agenda 8.30 a.m a.m. Breakfast and Registration 9.00 a.m a.m. Immigration Work Permit Requirements Consequences of non-compliance with visa/work permit requirements Update on Immigration Practice ESD & MYXpats Sharing of Practical Experiences a.m a.m. Tea break a.m p.m. Income Tax Sourcing of employment income Tax Residency Tax trigger point Exemption from Malaysian tax p.m p.m. Lunch 2.00 p.m p.m. Income Tax Exemption from Malaysian tax (cont d) Intertwining immigration and tax issues 3.30 p.m. 3:45 p.m. Tea break 3:45 p.m. 5:15 p.m. Income Tax Intertwining immigration and tax issues (cont d) Compliance obligations of an Employee Compliance obligations of an Employer Consequences of non-compliance 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 Katherine Subramaniam or Ms Zulaiha Omar or or them at katherinesubramaniam@kpmg.com.my or zulaihaomar@kpmg.com.my.

5 Registration Tax and Immigration Considerations for Global Mobility Employees 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 RM1,000 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 31 July 2018 to confirm your 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 you are 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.