Taxation Course 2024: Module 2 – Malaysia Tax Deductible Expenses (In Collaboration with MAICSA)

COURSE OUTLINE

• Revenue vs Capital Expenditure

• Understanding on Section 33(1) of the Income Tax Act 1967

• Provisions vs Accruals

• Tax treatments on specific types of expenditure, i.e. interest expenses, key-man insurance, professional indemnity insurance, employee’s deductions, bad and doubtful debts, EPF contributions, etc.

• Tax treatment on foreign exchange losses.

• Tax treatments on specific types of expenditure that is not tax deductible, i.e. entertainment expenses, etc.

• Tax treatment on pre-operational and pre-commencement expenditure.

• Tax treatment on loans provided to directors.

PROFILE(s)

Chong Mun Yew is the Executive Director of Tax at Crowe KL Tax Sdn Bhd. He has over 20 years of tax experience. He specialises in taxation covering areas such as domestic taxes, corporate restructuring, initial public offerings, mergers and acquisitions, employees share option scheme, expatriate tax, international tax, and Sales and Service Tax. He is a member and Council Member of CTIM, a member of ACCA, MICPA and a practicing member of the MIA.

Michael Cheah Liat Sheng is an Associate Director of Crowe KL Tax Sdn Bhd in Malaysia. He has worked in the tax industry for more than ten (10) years and has experience in tax compliance and tax advisory including individual / corporate tax matters, international tax, corporate restructuring, tax due diligence exercises, tax incentives, Real Property Gains Tax, stamp duty and others. He has advised on domestic taxes, tax incentives, corporate restructuring, initial public offerings, mergers and acquisition, international tax, etc