Tax Obligations of an Employer (Re-Run)

KPMG in Malaysia

kpmg.com/my

5 December 2019One World Hotel, Petaling Jaya

Workshop ObjectiveThe Inland Revenue Board (“IRB”)’s Special Voluntary Disclosure Programme has ended on 30 September 2019. It has been stated that after the end of the programme, the IRB has been mandated to impose minimum penalty rate of 45% up to a maximum of 300% as stipulated in the Income Tax Act, 1967. Hence, the IRB will resume with tax audit. The IRB is likely to conduct audit on compliance of employer’s tax reporting obligations including the timeliness in the submission of the relevant tax statutory forms and Monthly Tax Deduction (“MTD”). The risk for non-compliance is not limited to monetary penalties. It can also extend to reputational damage for the employers.

It is therefore important for the employers to be mindful that the HR personnel or personnel tasked with payroll matters be kept updated with the recent tax developments to discharge the employer’s tax obligations fully (i.e. the implementation of electronic filing of Form CP39 on a mandatory basis effective 1 September 2019, payroll audit, etc)

This workshop aims to provide guidance on the employer’s tax reporting obligations. Our two experienced speakers will cover the following topics during the workshop:

© 2019 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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3Tax responsibilities on fulfilling employer’s obligation on new employees, resignees, seconded employees and retirees

Challenges and common errors made in disclosing the employment related income in the statutory Forms (i.e. Form EA/Form CP21/Form CP22A)

2Application of MTD on Perquisites and Benefits-in-Kind (“BIK”).

Completion of e-Form E. Penalties for non-compliance of employer’s tax obligations.

© 2019 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Speakers’ Profile

Facilitator’s ProfileMs Fong Chooi LianDirector of GMS Practice, Malaysia

Chooi Lian has more than 20 years of experience in Malaysian personal tax for inbound and outbound assignees of local and foreign multinational companies which are involved in banking, manufacturing, trading, investment holding and etc. Her experience includes advisory assignments relating to employee’s secondment overseas, tax equalization policy, employees share scheme, restructuring of remuneration packages, payroll compliance review. She also conducts in-house tax training as well as tax briefings to clients.

Ms Lok Mei YeeTax Manager of GMS Practice, Malaysia

Mei Yee has been with GMS Practice for 10 years. She is extensively involved in personal tax compliance and advisory engagements. Her compliance includes liaising with the Malaysian Inland Revenue Board on tax issues relating to inbound and outbound assignees including employer’s tax obligations for some of our large global and local clients. Her tax advisory assignments include due diligence projects, assisting client with Double Taxation Agreement exemption and advising on Employee Share Options Scheme. In addition, she also provides in-house tax training as well as group tax briefing to clients on personal tax matters.

Ms Cecilia PaulAssociate Director of Global Mobility Services (“GMS”) Practice, Malaysia

Cecilia has more than 10 years of experience in providing personal tax compliance and advisory services to local and international clients. Her Malaysian tax engagements involve the preparation of personal tax returns, tax equalization calculations, Employer’s Tax Return (“Form E”), calculation of Monthly Tax Deduction (“MTD”) and liaising with the IRB on contentious tax issues.

Who Should Attend

Workshop Details

5 December 2019 (Thursday)8.30a.m. to 5.30p.m.One World Hotel, Petaling Jaya

Personnel who handles payroll, process reimbursement of claims or in possession of information relevant for the calculation of MTD, preparation of Form EA/Form CP21/CP22A and Form E.

This workshop is limited to only 35 participants to ensure interactive discussions. Registration is on a ‘first come first served’ basis. For further inquiries, please contact Ms Kavitta Loganathan or Ms Zulaiha Omar 03-7721 7590 or 03-7721 7362 or email them at kavittaloganathan@kpmg.com.my or zulaihaomar@kpmg.com.my.

Agenda

Tea break10.00 a.m. - 10.15 a.m.

Breakfast and Registration8.30 a.m. - 9.00 a.m.

Lunch12.30 p.m. – 1.30 p.m.

1.30 p.m. – 3.00 p.m.

Tea break3.00 p.m. – 3:15 p.m.

Challenges and common errors made in disclosing the employment related income in the statutory Forms (i.e. Form EA/Form CP21/Form CP22A) (cont’d)

Completion of e-Form E

Penalties for non-compliance

Case Study

3:15 p.m. – 5:15 p.m.

Question and Answers5:15 p.m. – 5:30 p.m.

10.15 a.m. - 12.30 p.m. Application of MTD on Perquisites and BIK (cont’d)

Challenges and common errors made in disclosing the employment related income in the statutory Forms (i.e. Form EA/Form CP21/Form CP22A)

Challenges and common errors made in disclosing the employment related income in the statutory Forms (i.e. Form EA/Form CP21/Form CP22A) (cont’d)

9.00 a.m. - 10.00 a.m. Tax responsibilities on fulfilling employer’s obligation on new employees, resignees, seconded employees and retirees

Application of MTD on Perquisites and BIK

© 2019 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Registration | Tax Obligations of an Employer (Re-Run)

Please mail your completed form and cheque to:

KPMG Tax Services Sdn Bhd, 10th Floor, KPMG Tower, No. 8, First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor or fax it to 03-7721 7288/7388.

For online registration, please visit www.kpmg.com.my

(Please photocopy the registration form for more delegates)

Alumni member

Vegetarian meal

Name:

Salulation: Designation:

Organisation:

Tel: Fax:

Email:

Postal Address:

Please indicate appropiately.

Alumni member

Vegetarian meal

Name:

Salulation: Designation:

Organisation:

Tel: Fax:

Email:

Postal Address:

Please indicate appropiately.

Alumni member

Vegetarian meal

Name:

Salulation: Designation:

Organisation:

Tel: Fax:

Email:

Postal Address:

Please indicate appropiately.

Registration

© 2019 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Note: By submitting your registration, you give your consent to KPMG Tax Services Sdn Bhd and its associated companies for the use, processing and transfer of your Personal Data as described in KPMG’s Privacy Notice available online at www.kpmg.com.my/privacy

KPMG reserves the right to change the speaker, facilitator, venue, date and to vary/cancel the programme should circumstances beyond its control arise. KPMG also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. You are deemed to have read and understood the terms and conditions upon signing the registration form.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2019 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG name and logo are registered trademarks or trademarks of KPMG International.

CPECertificate of attendance will be issued for 8 CPE hours.

Fee & Payment

Cancellation• A substitute delegate is welcome at no extra charge if the registered participant is unable to attend.

• No refund will be given for cancellations received less than 14 working days before the workshop date.

• RM1,060 (inclusive of 6% Service Tax) per participant.

• 10% discount is given for registration of two or more participants.

• KPMG Alumni members are entitled to 10% discount.

• Registration fee is to be settled on or before 27 November 2019 to confirm

your participation.

HRDF application may be made under the Skim Bantuan Latihan, subject to approval by Pembangunan Sumber Manusia Berhad.

Registration fee is inclusive of seminar materials, breakfast, tea break and lunch. Cheques should be crossed and made payable to KPMG Tax Services Sdn Bhd.

I/We enclose payment of RM _______________ via Cheque/Bank Draft no. __________________ payable to KPMG Tax Services Sdn. Bhd.