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The EA Form 2017 Seminar

Date : 26th February 2018
Time : 9:00 am To 5:00 pm
Venue : Armada Hotel, Petaling Jaya

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Employers have important responsibilities under the Income Tax Act (ITA) 1967 including monthly tax deduction (MTD), yearly reporting and filing of Form E and issuance of Form EA to the employees. It is crucial to ensure that you are fully aware of the reporting and compliance requirements as well as the latest developments in this area. Mistakes are likely to be picked up by the Inland Revenue Board during tax audits and penalties and compounds may be imposed. Monitoring and ensuring strict compliance is necessary to avoid increase in tax cost for the business. The purpose of Form EA is to provide information to employees on their employment income to declare in their personal tax return (Form BE/ B). As such, some understanding of the income tax treatment and rules for various types of remuneration package and tax relief will be useful for those involved in preparing Form EA and Form E.

The key objective of this seminar is to discuss and highlight the following:

  • Employer’s reporting and compliance responsibilities (overview)
  • Key issues relating to completing the Forms E and EA - tax rules on employment income & benet
  • Implications of Goods and Services Tax (GST) on employee benets
  • Relevant Public Rulings and latest tax developments (including pertinent changes in Budget 2018)

Outline

  • Overview of employers’ responsibilities on income tax of employees
    • Notication on commencement and cessation of employment (including leaver cases)
    • Reporting to IRB on employment income - Form E & Form C.P. 8D
    • Reporting to employees - Form EA
    • Monthly tax deduction (MTD) and treatment of MTD as nal tax
    • Penalties and Offences
  • Preparing Form EA and tax treatment on employment income and related exemptions
    • Overview of taxation on employment income and personal tax rate and computation
    • Allowances (travelling, parking, meal etc.)
    • Bonus and director fee
    • Gratuity (ill health and retirement)
    • Perquisites/Cash benets (staff loans, scholarship, child school fees clubs, computer etc.)
    • Tax borne by employer
    • Employee Share Option Scheme (ESOS)
    • Reimbursements
    • Benets in Kind, leave Passage
    • Living Accommodation
    • Compensation for loss of employment
    • Medical benets
    • Receipts from unapproved pension/provident fund
    • EPF and SOCSO
    • Others
  • Recent developments
    • Implications of GST on employee benets
    • GST rules on goods and services given free to employees
    • Discussion on new Sections 13(1A) and 39(1)(p) of the ITA 1967
    • Overview of Public Ruling 3/2017 (Income Tax Treatment Of Goods And Services Tax Part III – Employee Benets: GST Borne By An Employer)
    • Other relevant changes introduced in Budget 2018
Krishnan Dorairaju
ACTIM, ACCA, LLB (Hons)(London), MBA

Krishnan is currently the Tax and GST Director of KGNP, an established rm in Malaysia consisting of several business units providing audit, tax, GST, business advisory, payroll and accounting services to local and foreign clients.

Krishnan has extensive experience in providing tax compliance and advisory services to clients across a range of industries such as property development, construction, manufacturing, plantation and trading. He has served in the Big Four as well as medium size tax rms in Malaysia. He is a member of ACCA and also holds further qualications such as LLB (Hons) (London) from University of London and Master of Business Administration from Cardiff Metropolitan University (UK).



He is also engaged in advising clients on various corporate tax planning issues including restructuring of companies, withholding tax, incentive applications, tax audit and investigations. He regularly speaks at public seminars and conducts in-house training for clients. In addition, over the last 3 years, Krishnan has been also actively involved in leading GST implementation projects and providing GST advisory for wide variety of clients.

  • HR Managers, Payroll Managers & Executives
  • Tax Agents / Managers / Executives
  • Accountants / Finance Managers / Accounts Executives
  • Auditors and Company Secretaries
  • Directors and Business Owners

Seminar Particular

Organisation Particular

Are you a Globalacc Corporate Member or Globalacc Practitioner Member ?

Yes
No
Name (full name) Position Request for vegetarian food?

Payment Particular

Note :

  • All payment shall be made to Globalacc Research & Training Sdn Bhd.
  • Advanced payment is required to secure the seats.

You may bank-in the cheque or transfer to our bank account as follows:

Banker : Public Bank Berhad

Account No. : 313 968 4822

Please email the bank-in slip / transaction slip to globalaccrt@gmail.com for our record and reference in order for us to issue an official receipt.



Notes :

  • Registration will be accepted subject to availability of seats on first come first served basis and receipt of payment in advance.
  • Confirmation of registration and Tax Invoice will be issued in due course.
  • The organizer reserves the right to cancel the event and any payment made shall be refunded in full if the event is subsequently cancelled.
  • Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies.
  • Application to HRDF for claims is subject to approval by the relevant authority.