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PAT PW YEOH
Payroll Tax Computation
A 1-Day Training Programme
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| Programme Outline |
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- Introduction
- Background of the Schedular Tax Deduction (STD) and Monthly Tax Deduction (MTD)
- Why was the new Monthly Tax Deduction (MTD) Method Implemented?
- Scenarios before the Implementation of the Monthly Tax Deduction (MTD) Method
- Implementation of the Monthly Tax Deduction (MTD) Method
- Adjustment of Allowances, Perquisites, Provisions and Benefits
- Method of Implementation for Allowances, Perquisites, Provisions and Benefits
- Allowances, Perquisites, Provisions and Benefits that are Exempted from Income Tax (in accordance to limits allowed)
- Allowable Deductions and Rebates Under the Income Tax Act
- Claiming for Deductions and Rebates
- Method of Implementation for Claiming Deductions and Rebates
- Changes in the Tax Deduction Formula Calculation
- Method of Implementation for the Changes in the Tax Deduction Formula Calculation
- Minimum Remuneration and Reduction in Monthly Tax Deduction (MTD)
- Option to Include Benefits-in-Kind (BIKs) and Value of Living Accommodation (VOLA) as part of remuneration
- Monthly Tax Deduction for Benefits-in-Kind (BIKs) and Value of Living Accommodation (VOLA)
- Method of Implementation for Monthly Tax Deduction (MTD) for Benefits-in-Kid (BIKs) and Value of Living Accommodation (VOLA)
- Changes in the Additional Remuneration Formula
- Comparison between the previous Bonus Calculation and the Additional Remuneration Formula
- Amendment of Rules – Rules of Income Tax Act (Deduction from Remuneration) 1994
- Amendment in the Definition of Remuneration
- General Definition of Remuneration
- Definition of Additional Remuneration
- Monthly Tax Deduction (MTD) Method
- New Hires in the Company
- Monthly Tax Deduction (MTD) for Returning Expert Program (REP)
- Knowledge Worker at Specific Region (Iskandar)
- Furnishing of Data and Payment Method for Monthly Tax Deduction (MTD)
- Benefits of the new Monthly Tax Deduction (MTD) Method
- Conclusion
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