RM680

EA Form Submission 2017 Seminar / Training / Public Program / Workshop

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Location

Hotel Armada Petaling Jaya

Petaling Jaya, Selangor 46200

Malaysia

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Refund Policy

Refund Policy

No Refunds

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Description

Employers have important responsibilities under the Income Tax Act (ITA) 1967 including monthly tax deduction (MTD), yearly reporting and filing of Form E and issuance of Form EA to the employees. It is crucial to ensure that you are fully aware of the reporting and compliance requirements as well as the latest developments in this area. Mistakes are likely to be picked up by the Inland Revenue Board during tax audits and penalties and compounds may be imposed. Monitoring and ensuring strict compliance is necessary to avoid increase in tax cost for the business. The purpose of Form EA is to provide information to employees on their employment income to declare in their personal tax return (Form BE/ B). As such, some understanding of the income tax treatment and rules for various types of remuneration package and tax relief will be useful for those involved in preparing Form EA and Form E.

The key objective of this seminar is to discuss and highlight the following:
• Employer’s reporting and compliance responsibilities (overview)
• Key issues relating to completing the Forms E and EA - tax rules on employment income & benefit
• Implications of Goods and Services Tax (GST) on employee benefits
• Relevant Public Rulings and latest tax developments (including pertinent changes in Budget 2018)


BENEFITS OF ATTENDING THIS SEMINAR

Participants will acquire relevant knowledge that are useful to:
• Avoid or minimize error in completing Forms E and EA
• Design tax-efficient remuneration package and benefits from an employer or employee perspective

COURSE OUTLINE

• Overview of employers’ responsibilities in 2018
- Notification on commencement and cessation of employment (including leaver cases)
- Reporting to IRB on employment income
- Form E & Form C.P. 8D
- Reporting to employees
- Form EA - Monthly tax deduction (MTD) and treatment of MTD as final tax
- Penalties and Offences

• Preparing Form EA and tax treatment on employment income and related exemptions
- Overview of taxation on employment income and personal tax rate and computation
- Allowances (travelling, parking, meal etc.)
- Bonus and director fee - Gratuity (ill health and retirement)
- Perquisites/Cash benefits (staff loans, scholarship, child school fees clubs, computer etc.)
- Tax borne by employer
- Employee Share Option Scheme (ESOS) - Reimbursements
- Benefits in Kind, leave Passage
- Living Accommodation
- Compensation for loss of employment
- Medical benefits - Receipts from unapproved pension/provident fund - EPF and SOCSO - Others

• Implications of GST on employee benefits
• GST rules on goods and services given free to employees
• Discussion on new Sections 13(1A) and 39(1)(p) of the ITA 1967
• Overview of Public Ruling 3/2017 (Income Tax Treatment Of Goods And Services Tax Part III
– Employee Benefits: GST Borne By An Employer)
• Other relevant changes including those introduced in Budget 2018


WHO SHOULD ATTEND

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


TRAINER PROFILE

Krishnan is currently the Tax and GST Director of KGNP. KGNP is an established firm in Malaysia consisting of several business units providing audit, tax, GST, business advisory, payroll and accounting services to local and foreign clients. Krishnan has extensive experience in providing tax compliance and advisory services to clients across a range of industries such as property development, construction, manufacturing, plantation and trading. He has served in the Big Four as well as medium size tax firms in Malaysia. He is a member of ACCA and also holds further qualifications such as LLB (Hons) (London) from University of London and Master of Business Administration from Cardiff Metropolitan University (UK). He is also engaged in advising clients on various corporate tax planning issues including restructuring of companies, withholding tax, incentive applications, tax audit and investigations. He regularly speaks at public seminars and conducts in-house training for clients. In addition, over the last 3 years, Krishnan has been also actively involved in leading GST implementation projects and providing GST advisory for wide variety of clients.


Click here to download the brochure


Please contact 016-512 4579 and info@globalacc.com for more information.

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Date and Time

Location

Hotel Armada Petaling Jaya

Petaling Jaya, Selangor 46200

Malaysia

View Map

Refund Policy

No Refunds

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