Reinvestment Allowance & Automation Capital Allowance

INTRODUCTION

Reinvestment allowance is a common tax incentive claimed by the manufacturing and agriculture sectors. It is essential to understand the technical and practical issues as well as common pitfalls of these incentives to avoid costly tax penalties arising from tax audits by HASiL.

This webinar will highlight the provisions of the legislation i.e. Schedule 7A of the Income Tax Act 1967, and in-depth discussions of Public Rulings No 10/2022 and 11/2022 on Reinvestment Allowance (RA) and practical issues on the claim of Automation Capital Allowance (ACA). Also covered are the practical implications of the latest Special Reinvestment Allowance from YA 2020 to 2024.

COURSE OUTLINE

PROFILE(s)

Chow Chee Yen is currently the President of the Chartered Tax Institute of Malaysia (CTIM) and the Senior Executive Director of Grant Thornton Malaysia. He has more than 30 years of tax experience and was involved in tax engagements concerning cross-border transactions, tax diligence review, restructuring schemes, corporate tax planning, group tax review, inbound investments, and good and services tax (GST). Chee Yen’s expertise is in high demand and he is a prolific trainer/facilitator for tax workshops and seminars organised by professional bodies in Malaysia. In addition, he conducts in-house training for a government ministry, professional firms, and corporations as well as guest speaker for national and international conferences. He is a Fellow Member of The Association of Chartered Certified Accountants (FCCA) and a Chartered Accountant of the Malaysian Institute of Accountants (CA).