[Penang] Submission of Forms 2019: FORM C, PT, B & E/EA
Course Information
  • 09-Jul-2020
  • Vistana Hotel, Bayan Lepas
  • Vincent Josef
  • English
  • RM 670
  • 9am - 5pm
**. Updated with Latest PENJANA Updates**

(A) INTRODUCTION
Every year, the Returns Forms that taxpayers have to submit would include new features to reflect amendments to the law or fresh information required by the Inland Revenue Board. But these Return Forms are not for “Declaration and Assessment” only, they are also the means of verication by IRB in the light of declaration made by the taxpayer or information the tax authorities may have received from other sources. The changes in the Forms may be confusing or worse, they may have subtle features examining the taxpayer’s performance and relationships with other parties. The taxpayer may not even be aware of such links.

This seminar, conducted at an advanced level, would explain the role and impact of various data furnished in the Return Forms and the analysis that Revenue would carry out on them. Trigger-factors for enforcement by IRB and the means of achieving tax-savings opportunities would also be explained.

In addition, Finance Act 2019 and recent law amendments will be studied

(B) OBJECTIVES
• Know how to correctly provide the information required so as to reduce exposure to enforcement action by the Tax Authorities
• Learn the relationships between data furnished and the various sections
• Understand how Inland Revenue will analysis the Return Forms

(C) WHO SHOULD ATTEND
• Business Owners, Directors, General Managers
• Financial Controllers, Chief Financial Officers
• Finance Managers, Accountants & Accounts Executives
• HR Managers, Marketing Managers, Operation Managers
• Suitable for the following Industries : Manufacturing, Services, Retail, Trading, Processing, Construction, Logistic, Information Technologies, Hospitality and International Businesses.

(D) DATE & VENUE

Date: 9 July 2020 (Thu)
Time: 9.00am - 5.00pm
Venue: Vistana Hotel, Bayan Lepas

(E) FEE
Fee - RM 670

- Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax, 16 hours CPD

** DISCOUNT **

- 15% overriding discount for SST2u Loyalty Card members

(F) COURSE CONTENTS

1. Completion of Form B
i. Income Details
ii. Claims and Reliefs
iii. Computation of Tax Liability
iv. Details of Accounts; Reconciliation of Data

2. Completion of Form C and Form PT
i. The new features in Form C
ii. Loss Brought Forward & Group Relief for Losses
iii. Financial and Accounting Position – Analysis
iv. Related Party Transactions
v. Directors, Shareholders, & Shareholdings
vi. Export Allowances and Investment Incentives
vii. Research and Development

3. Employers and Forms E & EA
i. Remuneration Categories
ii. Exempt Income and Benefits
iii. Section 83, Employers’ Responsibilities, Penalties

4. Trigger Factors & Hidden Dangers
i. Relationships and Control within Transfer Pricing
ii. Arm’s Length and Related Party Transactions
iii. Business Ratios and Percentages
iv. Secrets behind Expenses and Balance Sheet figures

5. Finance Act 2019, Highlights of Recent Tax Amendments, PRIHATIN & PENJANA Updates

(G) SPEAKER PROFILE

VINCENT JOSEF
Tax Consultant, Former IRB Assitant Director General

Vincent Josef began his career with the Inland Revenue Board in 1968 and over the next 35 years he served in various Tax Branches. Prior to his retirement, he was with the Operations Division of the Board Headquarters where he held the position of Assistant Director General. In addition, He has wide experience in lecturing at IRB events and Malaysian professional institutions including Chartered Tax Institute of Malaysia, Malaysian Institute of Accountants, CPA Australia, MAICSA and Commerce Clearing House (CCH) Malaysia.

With his 50 years’ experience in the field of taxation, He also manages his own practice providing taxation consultancy services focusing on Tax Audits and Investigations. He has written a book “Tax Audit and Investigation Guide Malaysia” published by CCH Malaysia and served as their Consultant Editor in respect of the Malaysian Master Tax Guide.

(H) REGISTRATION & ENQUIRY

Email: SSTcourse@gmail.com
Enquiry:
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)