It has been reported recently that Inland Revenue Board (IRB) plans to increase its penalty to 100% for individuals and companies who evade paying their taxes or misreported tax. IRB has announced that the penalty rate for evasion of tax and under-reporting of income will be increased from 45% to 100% on the unpaid taxes starting next year. Thus, this Seminar is specially designed for both employers and their employees with objective to help participants understand the Malaysia income tax rules relating to the taxation of employment income and equip them with the knowledge to design a tax-efficient remuneration package for their employees. What are the tax benefits, tax implication and tax saving (legally) of having a sound and comprehensive HR-tax planning? Emphasis is placed on helping companies to comply with the reporting requirements so as to avoid unnecessary penalties for noncompliance. Practically example, illustration and case studies will be used to enable participants to relate and apply it to the real life tax situations.
v To update the various new taxlegislations and rulings
v To identify areas for possibletax planning
v To understand the implicationon your business