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Taxation Planning for Financial Service Professionals

RM260.0

Date	30 May 2023 / Tuesday [full day]
Time	9.00am – 5.00pm
CPE/CE/CPD	10 CPE Points / 10 CE Points / 8 CPD Points
Facilitator	Wee Hun Been / Lai Chiew Luan

SKU: N/A Category: Workshops

Description
Learning Outline
Facilitator
Terms & Conditions
Frequently Asked Questions

It is important to review budget changes yearly. While tax is an imposition by the government, there are always possibilities to arrange your tax affairs in such a way as to attract the least amount of tax. This one-day program will highlight the recent budget amendments and also provide a platform to discuss tax planning ideas that will contribute immensely to wealth maximization. Taxation pervades the four pillars of financial planning – wealth accumulation, protection, preservation, and distribution. Every financial service professional should be adept at taxation, both the law and the planning opportunities.

Learning Outcome

Participants will be able to:

Recognize that taxation is more than income tax;
Identify legal hazards including taxation hazards to negotiate for 2021-2022;
Explain the types of tax treatment and the importance of these legislations as part of business plans;
Plan the information to comply with the taxation regulations in Malaysia;
Analyse the impact of tax provision on business and investment in Malaysia, including cross-border transactions; and
Illustrate how to deal with situations where documents are perused by third parties during tax audits and investigations.

Learning Outline

8.30 – 9.00am	Registration / Pre Assessment
9.00 – 10.15am	1. The budget amendments of 2022 – implications of changes to the following: Income Tax Act 1967 Real Property Gains Tax Act 1976 Stamp Act 1949 Income Tax Exemption Orders
	2. National Tax Budget – Sources and uses of funds and budget deficit Contribution from Direct Taxes Impact of budget deficit to Aggregate Demand and GDP

10.15 – 10.30am	TEA BREAK
10.30 – 12.00pm	3. Current tax rate structure and the computation of Chargeable Income Basic tax computation principles for filing of tax returns Basic distinction between sources and classification of income Tax treatment of various types of income especially business, employment and investment income Deep understanding of Schedule 6 – Tax Exemptions Tax administration rules and regulations Withholding tax provisions when dealing with commission-based agents
12.00 – 2.00pm	LUNCH
2.00 – 3.15pm	4. The structure of Malaysian Taxation Case law principles between revenue and capital gains and revenue and capital expenditures The tax implications of various tax entities namely sole proprietor, partnerships, limited liability partnerships, Limited liability Companies under the Companies Act 2016, companies with paid-up capital above RM 2.5 million, Trusts and other forms of tax entities like deceased person’s estate. The best tax entity for different types of business models. The basic canons of tax planning
3.15 – 3.30pm	TEA BREAK
3.30 – 5.00pm	5. Tax provisions impacting wealth accumulation, wealth protection wealth preservation and wealth distribution, in the case of: Employees Self-employed professionals Business owners Limited liability partnerships and companies Trusts
	6. Tax audit and investigation Impact of voluntary disclosure with IRB Tax audit negotiations Key areas of tax investigation
5.00pm	Q&A Session

Facilitator

Profile of Wee Hun Been

Wee Hun Been, ALCC (Associate of The Commercial Education Scheme of the London Chamber of Commerce LCCI examination Board), CIMA (Chartered Institute of Management Accountants) currently the Director of Vanguard Dot Biz Sdn. Bhd. and is a certified trainer with Human Resource Development Corporation (HRD corp).

He has wide and varied experience in the taxation and secretarial fields, having worked in a multinational non-profit organization and two international accounting firms in their Malaysian operations for more than 25 years. Currently, his portfolio includes preparing at least seven private reports yearly to companies listed on Bursa Malaysia.

He regularly attended Board meetings, contribute inputs as a non-director, and presented reports as per the requests of Executive Directors and also Directors in Audit Committees.

He is currently an ex-officio of the Sarawak Chapter of FPAM, and meets with auditors and government officers on behalf of clients to clarify legislative matters and application to business reporting and compliance.

Profile of Lai Chiew Luan

Chiew Luan, CFP, IFP, a certified trainer with Human Resource Development Corporation (HRD corp). She is also an Internationally Accredited Trainer to conduct certification courses for IABFM (International Academy of Business and Financial Management), a professional body and regulatory organization with members and chapters in over 145 countries worldwide.

She has involved herself in accounting, tax and audit for over 23 years, with experiences gathered from firms in both East and West Malaysia. She has put to take charge of the accounting and tax issues of a group of companies under her care.

During GST era, she was involved in the training of GST Implementation by Private Sectors and hands-on experience in a few companies in both Kuching and Kuala Lumpur. She organized GST workshops and monthly briefing sessions for clients and her fellow team members.

Terms & Conditions

Registration is on a first-come-first-served basis, only 20 seats available.
Participants need to sit in for both sessions in order to accumulate the points.
Confirmation is subject to payment before the workshop.
FPAM reserves the right to amend the program, speaker, date, venue, etc, without prior notice.

Frequently Asked Questions

1. How long will each digital programme take?

Each digital programme is the equivalent of a day’s CE Workshop training for approximately 8 hours. With the lunch break in between, the digital programme will usually take place for 6 hours.

2. Can I attend only half sessions of the training?

Yes, you may. However, you will not be granted full points from respective parties.

3. Which forms of payment can I use?

We accept payment by credit card (VISA / MasterCard / AMERICAN EXPRESS / Discover), by FPX (Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, CIMB Clicks, Hong Leong Bank, HSBC Bank, KFH, Maybank2E, Maybank2U, OCBC Bank, Public Bank, RHB Bank, Standard Chartered, UOB Bank).

4. How secure is shopping? Is my data protected?

Your data will be handled confidentially and encrypted with SSL (Secure-Socket-Layer) secure server software. The encrypted information of your order, your name, address, credit card or bank details cannot be read by any third party. Credit card payments will also be verified through the 3D secure procedure.

5. Who should I contact if there is any transactional issue or problem purchasing any product / service?

Kindly drop a message below with the problem statement and we will get back to you as soon as possible.

Workshops