TheEA Form

2017 Seminar

EA FormSeminar

RM

26 February 2018 (Monday)

ARMADA HOTELPetaling Jaya

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RM615 RM580GlobalAcc Members

RM680 RM630Public / Others

SEMINAR FEE (GST INCLUSIVE)

Strategic Partners:

8CPE

HOURS

(Globalacc is a registered training provider with HRDF. MyCo ID No: 755452-D)

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The EA Form2017 Seminar

26 February 2018 Armada Hotel, Petaling Jaya

Understanding taxation on employment incomeand other benefits

GLOBALACC Tel: 03-7880 3028 (Ivy/Asiah)Fax: 03-7880 3009016-512 4579 (JC Cheong)Email: info@globalacc.comWebsite: www.globalacc.com

Globalacc Research & Training Sdn Bhd (755452-D) [GST No. 001869217792]J-1-19 Jalan PJU 1/43, Aman Suria Damansara, 47301 Petaling Jaya, Selangor

Bank details: PBB 313 968 4822

www.globalacc.com

• Full payment is required to guarantee entry to the seminar room. You can bank in & fax the bank in slip to us• Cancellation is not allowed but replacement is welcome with prior notice• Organiser reserves the right to amend or cancel the events• Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies• Application to HRDF for claims is subject to approval by the relevant authority

# Early bird rate apply to registration received 14 days before event date or earlier• 5% discount for same organization registering for 3 seats or more in total• Seminar fee includes seminar hand-outs, lunch and two refreshments

INTRODUCTION

Employers have important responsibilities under the Income Tax Act (ITA) 1967 including monthly tax deduction (MTD), yearly reporting and �ling of Form E and issuance of Form EA to the employees. It is crucial to ensure that you are fully aware of the reporting and compliance requirements as well as the latest developments in this area. Mistakes are likely to be picked up by the Inland Revenue Board during tax audits and penalties and compounds may be imposed. Monitoring and ensuring strict compliance is necessary to avoid increase in tax cost for the business. The purpose of Form EA is to provide information to employees on their employment income to declare in their personal tax return (Form BE/ B). As such, some understanding of the income tax treatment and rules for various types of remuneration package and tax relief will be useful for those involved in preparing Form EA and Form E.

The key objective of this seminar is to discuss and highlight the following:• Employer’s reporting and compliance responsibilities (overview)• Key issues relating to completing the Forms E and EA - tax rules on employment income & bene�t• Implications of Goods and Services Tax (GST) on employee bene�ts• Relevant Public Rulings and latest tax developments (including pertinent changes in Budget 2018)

BENEFITS OF ATTENDING THIS SEMINAR

Participants will acquire relevant knowledge that are useful to:• Avoid or minimize error in completing Forms E and EA for year 2017• Design tax efficient remuneration package and bene�ts from an employer or employee perspective

• Overview of employers’ responsibilities on income tax of employees - Noti�cation on commencement and cessation of employment (including leaver cases) - Reporting to IRB on employment income - Form E & Form C.P. 8D - Reporting to employees - Form EA - Monthly tax deduction (MTD) and treatment of MTD as �nal tax - Penalties and Offences

• Preparing Form EA and tax treatment on employment income and related exemptions - Overview of taxation on employment income and personal tax rate and computation - Allowances (travelling, parking, meal etc.) - Bonus and director fee - Gratuity (ill health and retirement) - Perquisites/Cash bene�ts (staff loans, scholarship, child school fees clubs, computer etc.) - Tax borne by employer - Employee Share Option Scheme (ESOS) - Reimbursements - Bene�ts in Kind, leave Passage - Living Accommodation - Compensation for loss of employment - Medical bene�ts - Receipts from unapproved pension/provident fund - EPF and SOCSO - Others

• Recent developments - Implications of GST on employee bene�ts

- GST rules on goods and services given free to employees

- Discussion on new Sections 13(1A) and 39(1)(p) of the ITA 1967

- Overview of Public Ruling 3/2017 (Income Tax Treatment Of Goods And

Services Tax Part III – Employee Bene�ts: GST Borne By An Employer)

- Other relevant changes introduced in Budget 2018

WHO SHOULD ATTEND• HR Managers, Payroll Managers & Executives

• Tax Agents / Managers / Executives • Accountants / Finance Managers / Accounts Executives

• Auditors and Company Secretaries • Directors and Business Owners

COURSE OUTLINE

PROFILE OF SPEAKERKrishnan is currently the Tax and GST Director of KGNP, an established �rm in Malaysia

consisting of several business units providing audit, tax, GST, business advisory, payroll and

accounting services to local and foreign clients.

Krishnan has extensive experience in providing tax compliance and advisory services to clients

across a range of industries such as property development, construction, manufacturing,

plantation and trading. He has served in the Big Four as well as medium size tax �rms in

Malaysia. He is a member of ACCA and also holds further quali�cations such as LLB (Hons)

(London) from University of London and Master of Business Administration from Cardiff

Metropolitan University (UK).

He is also engaged in advising clients on various corporate tax planning issues including

restructuring of companies, withholding tax, incentive applications, tax audit and investigations.

He regularly speaks at public seminars and conducts in-house training for clients. In addition,

over the last 3 years, Krishnan has been also actively involved in leading GST implementation

projects and providing GST advisory for wide variety of clients.

Krishnan DorairajuACTIM, ACCA,

LLB (Hons)(London), MBA Agenda 8.15 am - Welcome and registration 9.00 am - Seminar commences10.30 am - Morning break10.45 am - Seminar continues

1.00 pm - Lunch 2.00 pm - Seminar continues 3.30 pm - Afternoon break 3.45 pm - Seminar continues 5.00 pm - Seminar ends