TAX PLANNING FOR SMES
Income Tax may be the least favorite topic for small business owners, but it’s one of the most important. Income tax is a major cost of doing business in Malaysia. Therefore tax planning to reduce the tax cost is very essential for companies. This workshop will provide participants with practical guide in various tax planning tools for companies.
Companies have to be conversant with tax planning and management, specifically so since the Self Assessment System demands that all Records and Returns have to be proper and need to comply with the requirements of the Income Tax Act. Tax planning and management is an issue that is receiving close attention from the Inland Revenue Board and its impact on the companies as taxpayers, as it is now the responsibility of the taxpayer to derive the chargeable income and pay the resultant tax thereon.
OBJECTIVE OF ONLINE TRAINING?
Participants should be able to acquire sufficient knowledge on the types or classes of income, expenses, exemptions, incentives, capital allowances, that need to be considered in deriving at chargeable income, for their respective companies.
Tax developments in response to Covid-19 , will be discuss in this training.
- Basis of Malaysian Company Taxation System
- Maximization of Tax Deduction of Expenses
- Double Deduction of Expenses
- Non Deductible Deductions S39
- Capital Allowances and Charges on Plant & Machinery
- Industrial Building Allowances
- Company Taxation Illustration
Power-point presentation & Interactive discussions via zoom platform.
WHO SHOULD ATTEND?
Directors, Accountants, Tax Managers, Executives.
If you want to take your skills to the next level, you came to the right place.
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