Tax computation and submission is the responsibility of business owners, although you may engage a qualified tax agent to prepare the tax return and submit to Inland revenue. It is important for the business owners to keep a good record of all document and information relating to tax return for a timeline of 7 years. The business owners must also be able to provide the required information during tax authorities audit process.
Brochure
— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —
Module 1: Explanation of various income tax forms
- Form C (Companies) and Form PT (Limited Liability Partnership)
- Basic content of the forms:
- Business Name, tax reference numbers, addresses and bank account number
- Changes made to Form C 2020
- Summary of liability and payment position
- Related party transactions
- Concerns on transfer pricing – arm’s length transactions
- Information for directors, shareholders and their shareholdings
- Analysis of expenses and financial position
Module 2: Form C (Companies)
- Claiming of capital allowances
- Investment tax allowances (e.g. green technology approved by MIDA)
- Double and special deduction
- Treatment of business loss
- Financial statements information needs to disclose
- Impact of withholding tax
Module 3: Form P (Partnership) and Form B (Personal/Sole proprietorship)
- Profit/ loss apportionment
- Form CP 30
- Complete form B – income details
- Claims and relief
- Notes to reconciliation of date
- Tax liabilities calculation
Module 4: Form E & EA, Section 83 employers’ duties, penalties
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- Form E & EA
- Form CP22 & CP22A