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MONTHLY TAX DEDUCTIONS (MTD) SEMINAR

Date : 23rd November 2017
Time : 9:00 am To 5:00 pm
Venue : Armada Hotel, Petaling Jaya
Speaker : Mr. Vincent Josef

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Changes to the treatment of Employment Income and Monthly Tax Deductions obligations have placed greater responsibilities on Employers. Employees may now choose to treat the Monthly Tax Deductions (MTD) from their salaries as Final Tax with no further need to submit their Income Tax Returns.


More recently, with drastic changes regarding Basis Periods and Gratuity, compliance has become more complex. With these important amendments, accompanied by much higher penalties, company directors and managers have to ensure that the MTD System is complied with correctly.


Understanding all the relevant aspects is hence more crucial than ever for corporate management and payroll personnel as it affects the tax liability that employees would be exposed to.


Through this INTENSIVE seminar, which is on a more advanced level, all aspects of Employment Income and Monthly Tax Deductions will be covered with emphasis not only on employee-liability and the duties of the Employers but also on the exposure of the directors themselves to tax obligations and penalties where there is failure.

  • HR & Payroll Manager / Executives
  • Accounts & Administrative Executives
  • Business Manager
  • Compensation Specialists
  1. Employment Income - The 5 Categories
  2. Definitions of Remuneration & Perquisites
  3. Latest Amendments on relevant Basis Periods
  4. Revised Treatment of Gratuity
  5. Monthly Tax Deductions – an Overview and the Principles
  6. Computation of remuneration for MTD
  7. MTD formula for normal & additional remuneration
  8. Reliefs & deductions
  9. Monthly tax deduction – Selected case studies
  10. Specialised employment situations
    • Serving abroad
    • Serving in Malaysia for less than 60 days
  11. New Section 77C
    • Deduction as a final tax
  12. Content of the Return Form E and Form EA
  13. Employers’ obligations & responsibilities
  14. Tax penalties
  15. Budget 2018 Proposal – highlight of relevant changes

AGENDA

8.15 am - Welcome and registration

9.00 am - Course commences

10.30 am - Morning break

10.45 am - Course continues

1.00 pm - Lunch

2.00 pm - Course continues

3.30 pm - Afternoon break

3.45 pm - Course continues

5.00 pm - Course ends

Mr. Vincent Josef began his career with the Inland Revenue Board in 1968 and over the next 35 years, he served in various Branches, earning himself a wide command of the numerous demands of Malaysian taxation. Prior to his recent retirement, he was with the Operations Division of the Board Headquarters where he held the position of Assistant Director General.


He also represented the Director General in both the Subordinate and High Courts in prosecution and civil suit matters; his expertise includes Corporate and Business Taxation, Investigation, Civil Suit and Prosecution and Schedular Tax Deductions. With the introduction of the Schedular Tax Deductions System, Mr. Josef was appointed to manage the Department, overseeing Practice Management, Enforcement and Employer Education throughout Malaysia.


Mr. Josef has wide experience in lecturing at IRB events and Malaysian professional institutions including Chartered Taxation Institute of Malaysia (CTIM) and the Malaysian Institute of Accountants (MIA).


With his 45-year presence in taxation, Mr. Vincent Josef currently manages his own practice providing taxation consultancy services on Tax Audits and Investigation matters and “Problem Resolution”. He recently wrote a book “Tax Audit and Investigation Guide – Malaysia” published by CCH Malaysia and also serves as its Consultant Editor in respect of the Malaysian Master Tax Guide.

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.