This course is designed to equip participants with essential payroll and tax computation skills for compliance in Malaysia
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Description
Payroll & Tax Computation
Module Overview
The computerised calculation method was introduced in 2009 and applicable for employers that use a computerised payroll system with specifications approved by the Inland Revenue Board Malaysia (IRBM). However, an employer who does not use a computerised payroll system will continue to deduct employees’ monthly tax using the Schedular Tax Deduction (STD) Method. This was subsequently streamlined further in 2010 where employers no longer refer to employees’ monthly tax deduction as monthly Schedular Tax Deduction (STD) but Monthly Tax Deduction (MTD), using either the computerised calculation method or the schedular tax deduction table method. Due to these changes in 2009 and 2010, employers had trouble in answering their employees’ queries on the sudden increase/ decrease in their monthly tax deductions. This program seeks to shed light on these queries and to enhance understanding of the calculations and formula.
Learning Objectives
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Attain a deep understanding of Malaysia's employment tax landscape
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Elevate your payroll capabilities, and equip yourself with the expertise for 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
