Tax Compliance & Statutory Changes Affecting Payroll Administration

To increase the understanding of Income Tax Act 1967, current personal income law and best Compensation & Benefits practices which are beneficial towards workforce stability and job satisfaction leading to improved productivity and peace of mind of the employees.

Learning Outcomes:

• Understanding the many legal & statutory issues of wages.
• Understanding the overall components of payroll.
• Avoiding issues and problems relating to payroll.
• Avoiding penalties by Tax Office.
• Adopting practical case studies from over 40 industries.
• Differentiating BIK and Perquisites in Compensation Schemes.

Focusing On:

• Definition
• Benefits In Kind versus Perquisites
• Malaysian Personal Income Tax Structure
• Deductions And Tax Relief
• Understanding PCB/ MTD
• Calculating Leave Of Absence
• Employee Leaving The Company
• Employer-Paid Tax (Tax Majikan)
• Year End Duties & Responsibilities Of Employers
• Tax Residence
• Sections of other relevant acts affecting payroll
  • Employment Act 1955 (Act 265) –
  • Employment (Part Time Employees) Regulations 2010
  • Children & Young Persons (Employment) Act 1966 (Act 350)
  • Minimum Wages Order
• Employees Provident Fund Act 1991
• Social Security Act (SOCSO) 1969
• Employment Insurance Scheme (EIS) 2018
• HRDF Act