Understanding Business Tax: A Practical Computation Workshop
A one-day workshop that shows business owners and non-finance managers how business tax is computed, which expenses are deductible and how to plan tax legally.
Illustrative image
Tax and compliance1 day (8 hours)
What you will be able to do
- Understand the flow of Malaysian business tax computation
- Tell deductible, specially deductible, further deductible and non-deductible expenses apart
- Know which tax rates apply to individuals and companies
- Compute tax from accounting profit to final tax payable
- Use tax rebates and instalment payments to manage cash flow
Who should attend
- SME owners and startup founders without a tax background
- Employers and directors who want to plan their company's tax
- Non-finance managers who need working knowledge of business tax
- Fresh accounting graduates and junior accounting staff
- Operations and admin managers involved in financial planning
Course outline
- 1
Introduction to business tax in Malaysia
- The Malaysian tax computation process, end to end
- Key concepts: chargeable income, year of assessment, basis period
- How to approach and master tax computation
- 2
Business expenditure: deductible and non-deductible
- General deductions under Section 33(1)(a), Income Tax Act 1967
- Special deductions and further (double) deductions
- Non-deductible expenses owners often claim by mistake
- 3
Other deductions, tax rates and planning
- Current year and brought forward business losses
- Approved donations and their limits
- When the 15%, 17%, 24% and 30% rates apply, and SME rate conditions
- Practical tax planning strategies
- 4
Hands-on business tax computation
- From accounting profit to chargeable income to tax payable
- Tax rebates and how to apply them
- Instalment payments (CP204): estimate, pay and reconcile
- Worked examples using realistic SME scenarios
Your trainer
- Dr Dominic Hu Khie YeenPhD, MSc (UK), BSc (UK), FCCA (UK), C.A.(M), ACTIM, CMT (HK)
Founder of Dr D & Co and a chartered accountant in public practice, with over 10 years of accounting and taxation experience across audit firms, multinationals and listed companies. Accredited trainer, HRD Corporation.
Upcoming sessions
No public date is listed for this course right now. Message us and we will tell you when the next session opens, or arrange it in-house for your team.
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