All you need to know about Personal Taxation

INTRODUCTION

Personal income tax in Malaysia can be a complex and confusing process especially when it comes to claim personal tax relief.

This webinar provides comprehensive answers to the most frequently asked questions about personal taxation in Malaysia, so you can file with confidence and ease and avoid unnecessarily tax penalties.

COURSE OUTLINE

• Is it mandatory to file a tax return?

• Time-barred assessments

• How to rectify errors and mistakes in a tax return

• The usage of tax identification number (TIN)

• Do you need to inform IRB of your change of address?

• Determination of a Malaysian Tax Resident Status

• Taxation of foreign source income in Malaysia by an individual.

• Distinguishing contract of service with contract for service.

• Taxing employment income under section 13 ITA 1967

• Are angpows, lucky draws and gifts subject to income tax?

• Taxation of buyout payments – employee who resigns without notice

• Compensation of loss employment (severance pay) vs gratuity

• Taxation of Leave Replacement (GCR) Award

• Taxation as a freelancer

• Learning how to maximize personal relief claims

• Income Tax rebates

• Common mistakes in preparing Form B and BE which are often overlooked.