Fundamental Principles of Malaysian Taxation

INTRODUCTION

The scope of Malaysian Taxation has been widening over the recent years, with the introduction of Capital Gains Tax from 2024 onwards being the latest development in Malaysia. It is important to have a good grasp of the basic and fundamentals principles of taxation so that the persons concerned would be able to calculate the tax payable amounts correctly, be it for the taxpayer itself or where assistance or advice is being rendered for another party.

COURSE OUTLINE

1. Income vs Capital receipts

2. Revenue vs Capital expenditure

3. Introduction of Capital Gains Tax

4. Preparation of income tax computations

5. Capital allowances claims

6. Industrial Building allowances

7. Case studies

8. Worked examples on tax computations

PROFILE(s)

Harvindar Singh is a Fellow of Chartered Association of Certified Accountants and is a member of the Malaysian Institute of Accountants (MIA) as well as the Chartered Tax Institute of Malaysia (CTIM). Harvindar was attached to the firms of PWC and E&Y as a tax consultant and is currently the Managing Partner of Harvey & Associates, a boutique firm that specialises in taxation consulting services as well as the Tax Partner in SCS Global Consulting (M) Sdn Bhd. Harvindar has more than 29 years of extensive experience in taxation advisory, transfer pricing documentation preparation, tax planning as well as tax audits and investigations and he serves as a Tax Specialist to numerous corporate entities such as SK International (M) Sdn Bhd and other MNEs and organisations. He is currently serving as the Chairman of the Editorial Board of the Budget Commentary and Tax Information Booklet which is produced jointly by MIA, CTIM and MICPA. Mr Harvindar is a Council Member of CTIM.