PAT PW YEOH
Payroll Tax Computation
A 1-Day Training Programme
 
Programme Outline
› 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
 
HOME > OUR TRAINERS & FACILITATORS > PAT PW YEOH > PAYROLL TAX COMPUTATION