(Duration: 2 days)

Introduction

This module is aimed at providing a practical overview of the Malaysian company taxation. It serves as introductory and broad materials for better understanding of the Malaysian taxation legal framework. It covers the basic principles of company taxation such as tax administration, responsibility of taxpayers, important tax datelines, type of returns, tax computation, tax planning and others pertinent areas in company taxation.

Course objective

Upon completing this course, the participants will be able to:

· Have a good understanding of the Malaysian company taxation

· Understand the various types of assessable income

· Know what the expenses that is deductible

· Appreciate the implications of their actions from corporate taxation perspectives

· Undertake tax planning to minimise tax liability

Course Outline

Principles of company taxation

· General overview of taxation

· Responsibilities of companies as taxpayers

· Legal framework of company taxation

Tax administration

· Machinery of assessment, collection and repayment and tax refund

· Offences and penalties

· Appeals and finality of an assessment

· Tax agents of a tax payer

Framework of company taxation

· Taxation of companies

· Residence status

· Profit distribution

· Type of Returns for companies

· Tax calendar for companies

Computation of company taxation

· Ascertainment of taxable income

· Allowable deductions and Capital allowance

· Types of incentives

· Overview of tax computation layout and supporting documents

· Corporate tax planning

Who should attend?

Senior Management, managers, executives and those who want to understand the Malaysian company taxation