Payroll and Tax Computation
Master Malaysia's Complex Payroll & Tax Landscape: Ensure Compliance and Accuracy.
Description
Payroll and Tax Computation
Navigate the intricacies of Malaysian payroll and tax computations with MHRF’s Certified Payroll Professional program. This comprehensive 1-day course equips you with the essential knowledge and practical skills to accurately calculate and manage Monthly Tax Deductions (MTD), understand the implications of computerized calculation methods versus the Schedular Tax Deduction (STD) table, and ensure your organization's compliance with Inland Revenue Board Malaysia (IRBM) regulations.
Program Highlights:
- Gain a thorough understanding of the Income Tax Act 1967 and its implications for employment income.
- Learn to accurately compute MTD using both computerized methods and IRBM formulas.
- Understand the tax implications of various remuneration components, including salary, bonuses, and benefits-in-kind.
- Master employer responsibilities, reporting requirements, and avoid penalties for incorrect tax returns.
Key Benefits:
- Minimize payroll errors and ensure compliance.
- Enhance your understanding of complex tax regulations.
- Gain confidence in managing payroll processes.
Certified Payroll Professional (CPP)
- This program is Part 1 of the Certified Payroll Professional (CPP). Earn a valuable certification upon completion of the Certified Payroll Professional (CPP) program.
Programme Objective
Attain a deep understanding of Malaysia's employment tax landscape.
By the end of this course, you will be able to:
- Understand MTD's impact (computerized vs. table).
- Learn the computerized MTD formula.
- Manually calculate MTD.
- Manually calculate additional remuneration.
- Understand MTD's purpose and year-end reporting.
Who Should Enroll?
- Managers
- Finance/ Accounts Executives
- HR/ Personnel/ Administration Managers & Executives
- Payroll Executives & Specialists
- Anyone responsible for payroll processing