This 2-day program will clarify complex tax concepts and simplify your transition to mandatory e-invoicing
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Description
Corporate Tax Filings & E-Invoicing Mastery: Achieving Compliance and Operational Efficiency
Module Overview
The first day of the course is dedicated to understanding the fundamentals of the Malaysian tax system. Participants will explore the basics of corporate tax filings, including the scope of charge, classes of income, and the concepts of income and source. The module will cover essential topics such as tax-deductible expenses, capital allowances, and reinvestment allowances. Additionally, the day will address the tax implications of deemed interest for directors, ensuring participants are well-versed in the intricacies of corporate tax compliance and can effectively manage their organization's tax obligations.
The second day focuses on mastering e-invoicing processes to enhance compliance and operational efficiency. Participants will learn about the benefits and recent developments in e-invoicing, along with the implementation timeline and exemptions. The module provides a detailed overview of the e-invoice workflow, including submission requirements, validation, notification, and storage. Practical sessions will cover the use of the My Invois Portal and API for e-invoice management, as well as understanding transaction changes and cross-border transactions. By the end of the day, participants will be equipped with the knowledge and skills to implement and manage e-invoicing systems effectively.
Learning Objectives
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Gain a comprehensive understanding of the Malaysian tax system and its requirements.
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Learn the key components of corporate tax filings, including tax-deductible expenses and capital allowances.
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Understand the tax implications of deemed interest for directors and how to manage them.
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Learn the benefits and implementation process of e-invoicing, including recent developments and trends.
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Develop practical skills for managing e-invoice submission, validation, and storage using My Invois Portal and API.
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Understand the tax implications of cross-border transactions and how to handle them effectively
Who Should Attend
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Business Owners
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Finance HODs
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HR HODs
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All relevant personnel that are involved in the direct/indirect aspects of the business taxation
Course Outline
Module 1: Basics of the Malaysian Tax System
Module 2: Malaysia Tax Deductible Expenses
Module 3: Capital Allowance and Reinvestment Allowance
Module 4: Deemed Interest – Directors
Module 5 Introduction of E-Invoice
Module 6 E-Invoice Model via My Invois Portal
Module 7: E-Invoice Model via API
Module 8 Understanding of E-Invoice Transaction Changes
Download the course outline here
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