Taxation of Property Developers and Contractors

INTRODUCTION

Participants at previous sessions conducted on this important area have found it to be extremely useful, pertinent, and timely. The speaker brings with him a wealth of knowledge gained by being “in the line of fire” – solving clients’ complex tax problems in the property and construction sector, dealing with the Inland Revenue Board in tax audits and investigations as well as conducting roadshows for numerous professional bodies to raise the knowledge level of industry players in light of the ever-increasing importance of getting their tax affairs in order.

COURSE OUTLINE

• Public Rulings for Property Developers and Contractors – a detailed discussion on various areas such as commencement of business, Joint Ventures, Stock withdrawals, transfers from fixed assets to stock and many more;

• Update on amendments in PR9/2022 for Property Developers

• Common problems and pitfalls to avoid;

• Method for income recognition;

• Determination of taxable income;

• Deductibility of expenses;

• Practical solutions and invaluable sharing of experience;

• Past experiences in tax audits and investigations;

• Update on Case Law Decisions and practical application;

• Case Studies

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 28 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.