Practical Guide to Corporate Income Tax | KPMG | MY

A Practical Guide to Corporate Income Tax and Deferred Tax

13 March 2018 - 14 March 2018, 8:30AM - 5:30PM, MYT

This 2-day workshop will guide participants through the relevant income tax principles that they would need to know for the preparation of tax provisions and computations. Practical examples, illustrations and recent case law/Public Rulings will be used to enable participants to relate and apply the tax principles to real life tax situations. This will also be supplemented by worked examples and case studies on corporate income tax and deferred tax computations.

Our facilitators will share their vast experience with the participants on some of the practical issues faced by companies when preparing tax provisions and how these could be practically addressed or made simpler by way of illustrative examples. Participants will also gain insight on some of the common issues focused on by the Inland Revenue Board (“IRB”) in the course of tax audits. Our facilitators will highlight the importance of record keeping and documentation requirements in order to sustain the deductibility of expenses and to avoid being penalised for submitting incorrect tax return.

This workshop is suitable for those with minimal tax experience and who require more in-depth tax knowledge in the course of their work. It can also serve as a ‘refresher’ for those who wish to revisit the basic principles of corporate income taxation and attain a clear and easy understanding on the computational aspects of deferred tax.

Further information on the workshop is available here.

Registration: A Practical Guide to Corporate Income Tax and Deferred Tax - 13 & 14 March 2018
FOR ENQUIRY:

Ms. Nora Kassimat
nkassim@kpmg.com.my
03-7721 7122
Ms. Haleena Azmanat
haleenaazman@kpmg.com.my
03-7721 7273

Online Registration click here.

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Agenda

Day 1 - Tax Principles

Time Programs
8.30 a.m. – 9.00 a.m. Breakfast and Registration
9.00 a.m. – 10.30 a.m. The Malaysian Taxation System – An Overview
•Types of Taxes in Malaysia
•Income Tax
» Scope of Charge
» Classes of Income
» Basis of Taxation
» Determination of a Company’s Chargeable Income
10.30 a.m. - 10.45 a.m. Tea break
10.45 a.m. - 12.30 p.m. • What is Taxable Income?
• What are Deductible/Non-deductible Expenses?
12.30 p.m. - 2.00 p.m. Lunch
2.00 p.m. - 3.30 p.m. • Losses
• Capital Allowances
3.30 p.m. - 3.45 p.m. Tea break
3.45 p.m. - 5.00 p.m. • Record Keeping – IRB’s Requirements
• Challenging Issues: Tax Risk Management
5.00 p.m. - 5.30 p.m. Q&A


Day 2 - A Practical Approach

8.30 a.m – 9.00 a.m.
Breakfast and Registration
9.00 a.m. - 9.30 a.m. • Reinvestment Allowance
9.30 a.m. - 10.30 a.m. • Double deduction of expenses
10.30 a.m. - 10.45 a.m. Tea break
10.45 a.m. - 11.30 a.m. • Case Study 1 – Investment Holding Company
11.30 a.m. - 12.30 p.m. • Case Study 2 – Manufacturing Company
12.30 p.m. - 2.00 p.m. Lunch
2.00 p.m. - 3.30 p.m. • Discussion on Case Studies 1 and 2
3.30 p.m. - 3.45 p.m. Tea break
3.45 p.m. - 5.00 p.m. • Deferred Tax
5.00 p.m – 5.30 p.m. Q&A
Guide

Fees & Payment

  • RM1,500 per participant
  • 10% discount for registration of two or more participants under the same company or group ofcompanies / KPMG Alumni members.
  • HRDF application may be made under the Skim Bantuan Latihan, subject to approval byPembangunan Sumber Manusia Berhad.

CPE
Certificate of attendance will be issued for 16 CPE hours.

Cancellation

  •  A substitute delegate is welcome at no extra charge if the registered participant is unable to attend.
  • No refund will be given for cancellations received less than 14 working days before the workshop date.