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Tax Obligations by Employers In 2018: From Understanding Concepts to Preparing Forms E & EA

Expert Speaker Sivaram Nagappan

MYR1,060.00 (including SST)

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EARLY BIRD SPECIAL: Save 10% when you register by 2 March 2018. Use code MAR18 at checkout.

Overview

Have you assessed the implications of the latest tax changes impacting employer’s tax obligations in 2018?

Designed specifically for HR, Tax and Accounting professionals, this practical workshop provides you with cost saving initiatives from the latest tax updates in terms of tax compliance and strategy as well as the implications of Goods and Services Tax (GST) on benefits provided to employees.

All tax updates should be monitored to ensure compliance and speedy implementation for the purposes of managing costs. Highlights on recent tax developments (including proposals from Budget 2018) and Public Rulings, where applicable will also be covered during this workshop. It also provides a win-win situation for both employers and employees as employers also want to ensure that when benefits are given to employees, they need not pay higher taxes due to such cost saving initiatives.

What You Will Learn

At the end of the workshop, you will:

  • Be updated on the latest tax developments that impacts Forms (Forms E, EA, etc.) due for submission in February and March 2018.
  • Gain insights on practical know-hows of employer tax reporting through interactive discussions and illustrative examples.
  • Acquire knowledge required to help you identify potential cost-savings on employee related payments.

Programme Outline

Employers’ reporting obligations in 2018

  • Submission of forms due in 2018 - Forms E, EA, etc.
  • Notification of commencement and cessation of employment - Forms CP21, CP22, etc.
  • Monthly Tax Deductions [MTD], including Forms PCB/ TP1, TP2 & TP3

Implication to employers in respect of income tax deductions or exemptions on the following employee related payments:-

  • Employee’s pecuniary liabilities
  • Credit card facilities
  • Loan interest
  • Recreational club membership
  • Tuition or school fees of child
  • Insurance premiums
  • Gardener, driver, domestic help or guard
  • Scholarship
  • Waiver of loan or advance
  • Assets provided free of charge or sold at discounted prices
  • Gift vouchers
  • Gift of personal computers
  • Excellent public service award
  • Professional subscriptions
  • Gratuity/Retirement benefit
  • Travelling, meal, parking, childcare allowance, etc.
  • Mobile phone benefits
  • Staff discounts
  • Leave passage
  • Medical benefits
  • Compensation for loss of employment
  • Others

Implications to employers on Goods & Services Tax (GST) with regard to the benefits provided to employees

Expert Speaker

Sivaram Nagappan has more than 20 years of tax experience and is currently with Deloitte Malaysia. Prior to Deloitte, he headed the tax department of a Group of Malaysian listed companies and also served with 2 other Big Four accounting firms where he gained extensive experience from servicing clients which included large local corporations and multinationals in a wide spectrum of industries.

His involvement in tax engagements with local and foreign companies encompassed various aspects of tax planning strategies/schemes, restructuring of companies, mergers and acquisitions, cross border transactions, repatriation of profits, investment incentives, remuneration packages, tax audit and tax investigation.

He has presented 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. He is an Associate Member of the Chartered Tax Institute of Malaysia (CTIM), a Chartered Accountant of the Malaysian Institute of Accountants (MIA) and was a Fellow Member of the Association of Chartered Certified Accountants (FCCA).

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