A fundamental tax training programme that aims to help the participants to learn and identify the best tax strategies applicable to companies that are involved in the manufacturing & agriculture industry, in particularly, the types of tax incentives and allowances available for them to claim.
This include the step-by-step approach on how to apply and claim various tax incentives & allowances such as Pioneer Status, Investment Tax Allowances (ITA), Reinvestment Allowance, Industrial Building Allowances (IBA), Accelerated Capital Allowances (ACA), Automation Equipment Allowance (AEA), increased in export allowance and many more.
In addition, participants will also be able to identify the pros & cons of claiming each of the tax incentives or allowances mentioned above and be able to make a more informed judgement on which is best suited for their companies. They will also be exposed to the common pitfalls, risks and reasons for rejections encountered by the industry players when claiming or applying for those tax incentives or allowances.
Brochure
— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —
- 9.00- 10.30am: Tax Incentives under the Promotion of Investments Act 1986
- Pioneer Status (PS)
[Understand the criteria required to claim PS, the step-by-step way to apply for PS and the tax treatments involved] - Investment Tax Allowance (ITA)
[Identify the types of companies and activities that qualifies for ITA, the step-by-step way to claim ITA and the tax treatments involved] - Tax Planning Strategies
[Determine the types of incentive best suited for the company to claim and how to reduce the risks of rejection] - Open discussions, Q&A
- Pioneer Status (PS)
- 11.00- 12.30pm: Reinvestment Allowances
- Introduction
[Identify and learn the tax treatments and] - RA for Manufacturing Companies
[Identify the definition of manufacturing, eligibility to claim RA and the benefits of claiming RA for manufacturers] - RA for Agricultural & Integrated Companies
[Understand the definition of agricultural projects, eligibility to claim RA and how to claim RA for those involved in the Agricultural & integrated activities] - Tax Planning Strategies
[Discover when is the best timing to make a claim for RA to maximize the tax benefits and to minimize risks and tax liabilities] - Open discussions, Q&A
- Introduction
- 1.30-3.00pm: Capital & Industrial Building Allowances
- Capital Allowances (CA)
[Identify the types of CA that can and cannot be claimed by the manufacturing & agricultural companies] - Accelerated Capital Allowances (ACA)
[Identify the special rate of allowances provided to certain assets according to the Income Tax Rules for the sectors involved] - Industrial Building Allowances (IBA)
[Learn how to compute IBA and identify the types of building can and cannot claim IBA] - Part of Building Not Used as Industrial Building
[Determine whether certain parts of buildings not used as IBA can or cannot claim IBA, via rules such as the 10% rule, rental ownership rules and etc] - Open discussions, Q&A
- Capital Allowances (CA)
- 3.30- 5.00pm: Other Incentives & Allowances
- Automation Allowance
[Identify what is an Automation Equipment Allowance, who can claim it and how to do so] - Export Incentives
[Learn & understand the types of incentives and allowances available for those exporting or planning to export their products] - Tax Planning Strategies
[Discover the best incentives / allowances to utilize to minimize the overall tax liabilities] - Open discussions, Q&A
- Automation Allowance