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Tax Obligations of an Employer (Re-Run)

tax obligations of an employer

The 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: 

  • Tax 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) 
  • Application of MTD on Perquisites and Benefits-in-Kind (“BIK”).
  • Completion of e-Form E
  • Penalties for non-compliance of employer’s tax obligations

Fees                          

RM1,060 (inclusive of 6% Service Tax) per participant. (10% discount is given for registration of two or more participants and KPMG Alumni members)

Click here for Online registration.

Further information on the workshop is available here.

You may also contact Ms Kavitta Loganathan or Ms Zulaiha Omar at 03-7721 7590 or 03-7721 7362 for further enquiries.  

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