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EA FORM SEMINAR - EMPLOYER'S TAX REPORTING ON EMPLOYEE'S SALARIES AND BENEFITS

Date : 4th February 2016
Time : 9:00 am To 5:00 pm
Venue : Crystal Crown Hotel, Petaling Jaya
Speaker : Sivaram Nagappan

DOWNLOAD REGISTRATION FORM

The employers have important responsibilities under the Income Tax Act (ITA) 1967 including monthly deduction & payment of PCB and yearly reporting and filing of Form E and issuance of Form EA to the employees. Mistakes made are likely to be picked up during tax audits and penalties and compounds can be expected. There is no doubt that this is an issue that needs to be managed. The key objective of this workshop is to discuss the essential points and issues relating to the tax provisions and Public Rulings (PR) on employment income and employee benefits for purposes of completing Form EA for 2015.
This workshop will cover inter-alia, the recent tax changes and new rules on travelling allowances, bonus, director’s fee and other BIKs. The speaker with his extensive experience will go through and discuss key issues in every section of the EA Form and the relevant laws and Public Rulings. You will certainly benefit from his tax and consulting background.

Overview of Employer’s Tax Responsibilities on Employment Income

  • New employee, cessation of employment & employee leaving country
  • Annual tax reporting on employee income - Form E & Form C.P. 8D
  • Annual tax reporting to employees - Form EA (Overview & Part A)
  • Tax payment - Monthly STD & CP39
  • Penalties and Offences

Completing Form EA & Understanding Tax Laws & Rules on Employment Income and Employee Benefits:

  • Part B of Form EA: Taxable Employment Income & Benefits
  • Part G of Form EA: Tax Exempt (Allowances/Perquisites/Gifts/Benefits)
    • Overview of Part B and G and the tax laws and public rulings issued up to December 2015

Item B.1 of Form EA : Salaries and other Cash Benefits

  • Tax laws and Public Ruling - S 13(1)(a) of ITA
  • Tax treatment of
    • Allowances – what are taxable and what are not
    • Bonus and director fee
    • Gratuity (Ill health and retirement)
    • Perquisites/Cash benefits (staff loans, clubs, computer etc )
    • Tax allowance/tax paid by employer
    • Employee Share Option Scheme

Item B.2 & B3 of Form EA : Non Cash Benefits

  • Tax laws and Public Ruling - S 13(1)(b) & (c) of ITA
  • Tax treatment of :
    • Benefits in Kind
    • Leave Passage
    • Living Accommodation

Item B.4 : Refund of or receipts from unapproved pension/provident fund

  • Tax laws and Public Ruling - S 13(1)(d)

Item B.5 : Compensation for loss of employment

  • Tax laws and Public Ruling - S 13 (1)(e)

Other Parts : Part C, D, E & F

  • Part C : Pension and Annuity
  • Part D : Tax Deductions
  • Part E : Contributions to Approved Funds
  • Part F : Payment in Arrears & For Preceding Years

(C) Other Recent Changes and Highlights (Including 2016 Budget Proposals)

Sivaram Nagappan currently heads the tax department of one of the recently privatised public companies in Malaysia and is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), an Associate Member of the Chartered Tax Institute of Malaysia (CTIM) and a Fellow Member of the Association of Chartered Certified Accountants (FCCA).

He has more than 20 years of tax experience and prior to leaving the tax practice, he served with PricewaterhouseCoopers, Arthur Anderson and Ernst & Young where he gained extensive experience from serving clients which included large local corporations and multinationals in a wide spectrum of industries covering manufacturing, transportation, services, construction, telecommunication and trading. His involvement in tax engagements with local and foreign companies encompassed various aspects of tax planning strategies / schemes, restructuring of investment incentives, remuneration packages, tax audit and tax investigation

He has presented in seminars, workshops and trainings for regulatory bodies and organizations both locally and overseas. His passion for knowledge sharing also extends to conducting lectures in taxation papers for professional examinations in various colleges, institutes and local universities.

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

Participants will acquire relevant knowledge that are useful :

  • to avoid or minimize mistakes in completing Form EA
  • to design remuneration package and employee benefits that are tax efficient to the employees as well as the company

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.