MASTERCLASS IN MALAYSIAN TAXATION FOR SME
Taxation is a fundamental aspect of every business and professional practice. In Malaysia, the administration and compliance with the Income Tax Act 1967 (ITA 1967) and Inland Revenue Board (IRB) guidelines are crucial for ensuring that taxpayers, practitioners, and preparers meet their obligations accurately and efficiently.
This comprehensive workshop is designed to explain key tax concepts and procedures with direct references to the Income Tax Act, relevant Public Rulings, Practice Notes, and current tax frameworks. Through real-world examples, participants will gain both theoretical and practical understanding of Malaysian taxation and compliance.
Overview
This program provides participants with a holistic understanding of the Malaysian tax law framework, covering the main provisions of the Income Tax Act, computation methods, deductible expenses, capital allowances, and tax audit procedures.
Participants will also be exposed to practical compliance procedures necessary to meet the requirements of the Inland Revenue Board (IRB), including tax computation, audit readiness, and common pitfalls in tax submissions.
Objective
This workshop aims to equip tax practitioners, preparers, finance officers, accountants, and business owners with a clear and structured understanding of:
- The fundamentals of the Malaysian taxation system.
- How to compute and prepare accurate tax returns.
- The principles of deductible and non-deductible expenses.
- The treatment of capital allowances and reinvestment allowances.
- Understanding deemed interest for directors and its implications.
- Preparing for tax audits and understanding IRB’s audit framework.
By the end of the course, participants will be able to confidently apply the key provisions of the Income Tax Act in real-world situations and ensure compliance with current tax laws and rulings.
