This course is designed to equip participants with essential payroll and tax computation skills for compliance in Malaysia
Description
Payroll & Tax Computation
Module Overview
The computerised payroll calculation method was introduced in 2009 for employers using systems approved by the Inland Revenue Board Malaysia (IRBM). Employers without computerised systems continue using the Schedular Tax Deduction (STD) method, which was later streamlined in 2010 into the Monthly Tax Deduction (MTD) system.
Due to these changes, many employers face challenges explaining sudden increases or decreases in employees’ monthly tax deductions. This programme provides clarity on the calculations, formulas, and processes, enhancing understanding and confidence in payroll and tax computation.
Learning Objectives
By the end of this programme, participants will be able to:
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Attain a deep understanding of Malaysia’s employment tax framework
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Elevate payroll capabilities and ensure seamless compliance
Who Should Attend
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Accountants & Finance Managers
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Finance/Accounts Executives
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HR/Personnel/Administration Managers & Executives
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Payroll Executives & Specialists
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Anyone responsible for payroll processing
Course Outline
Module 1: Introduction to Taxation in Malaysia
Module 2: Employment Income Tax Overview
Module 3: Types of Remuneration
Module 4: Application of Tax from Employment Income
Module 5: Taxable Remuneration – Example and Calculation
Module 6: Monthly Tax Deduction (MTD)
Module 7: Year-End Tax Administration
