Tax Treatment on Interest – Common Issues & Latest Updates

INTRODUCTION

With the advent of rapid changes to tax laws on interest, are you keeping abreast with its tax implications and consequences? This workshop is designed to keep you updated with the relevant changes and make you cognisant of its impact on tax liabilities.

COURSE OUTLINE

• Interpretation of the relevant sections of the ITA & PR

• Recent changes affecting tax treatment of interest

• Tax treatment: Chargeability & deductibility of interest

• Interest restrictions: Getting it right

• Common issues on interest

• Case laws – Updates & recent cases

PROFILE(s)

Karen Koh Sai Tian has served more than 35 years with the Inland Revenue Board of Malaysia where she has handled Personal Tax, Corporate Tax, Real Property Gains Tax, and Stamp Duty. She has vast experience as a tax auditor, investigator, and trainer at various Branches/ Divisions of IRBM. Her career has included stints as Director of the Investigation Centre in Kluang, Johor, Co-ordination Director at the Putrajaya State Director’s Office as well as Director of Special Division at the Large Taxpayer Branch. Her final posting was as Director of IRBM’s Large Taxpayer Branch. She has also been a regular speaker at various in-house and external events hosted by IRBM as well as an invited speaker at a number of organisations. Karen holds a Bachelor of Accounting from the University Malaya. She is a Chartered Accountant of MIA, Fellow Member of CTIM, Certified Training Professional (ARTDO), Certified Fraud Examiner (ACFE, Austin, Texas), Certified System Investigator (ACSI, Singapore), Certified Financial Planner (FPAM), and a Registered Tax Agent.