The Government, in this coming Budget 2023, would provide holistic measures and tax perks to support businesses in particular manufacturing sectors.
Goods and services tax 2.0 (GST 2.0) would be announced to stimulate the economy with a tentative date speculated in September 2023.
SMEs and micro-businesses would be nurtured, allowing ageing retired employees and new young talents to venture into online businesses and entertainment activities on various social media platforms.
Companies must be newly formulated with the diversion of business activities, division of existing business into the recently incorporated company to be ready for the incoming of GST 2.0 and to allow management decisions to be focused and acted timely and promptly. The existing tax rebate of RM20,000 for consecutive 3 YAs on a new company or limited liability partnership must be fully exploited and maximized.
Real property gains tax will reduce its tax rate, the individual tax rate would be reduced to accommodate the escalated scale of living costs and to relieve the needed individuals on various extended medical and healthcare relief.
IRB has extensively widened up tax audit activities, reviewing the documentation for the commercial justification on tax deduction and business income assessment. Incorrect return penalty is inevitable for non-compliance and a new outlook of tax audit has been provided in the recent Tax Audit Framework issued on 1.5.2022.
This Budget 2023 is a watermark for businesses and individuals to reposition with new formulations. The contents of this Budget would provide the immediate antidote to business issues and a business hybrid model to accommodate work from home and physical office.
The Tax Family all under one roof. Completely updates on all three aspect of taxation: Income Tax, RPGT and Sales & Service Tax.
After coming into action of Transfer Pricing on 1 January 2021. This year tax audit is altered with tax audit framework. You don’t just know the changes, you know what are the action plan required.
After 2 years of Covid-19, it brought lot of changes in our life. It also reflected on one glaring fact: those who are able to response fast prosper.
It has created lots of Opportunities. This Unique Annual BUDGET 2023 Tax Updates and Tax Planning via Zoom Sessions with Dr. Choong Kwai Fatt is a MUST ATTEND. Place in your hand those URGENTLY NEEDED Business and Employee Tax Planning for your Budget 2023.
Be benefited from the eager push by government, at the comfort of your home or office via live zoom session with Dr Choong.
Know where to update in your business be it existing Business Structure, exciting incentives or Employees’ Packages, also on documentation.
We are eager and look forward to seeing you in this Live Zoom Session. Stay safe and healthy!
Contents includes Tax Updates & Tax Planning but are not limited to just the following:
This seminar is conducted virtually via Zoom.
WHAT PAST PARTICIPANT THINKS
ABOUT OUR SEMINAR LAST YEAR
Check in 10 minutes before the session commencement to resolve any hiccups and be familiar with arrangement for the seminar.
# Dr Choong usually start early, so do show up earlier so that you don’t miss out on the important content.
Tax Planning for Companies – SME and non-SME
Tax Incentives – Its Implications and Applications
Mergers and Acquisition of companies
Exciting RPGT reform in the Property Market
…. More content may be added as changes where relevant from Budget 2023 prior to event date.
How the seminar is conducted?
BUDGET 2023 – An Important Date with Dr Choong3
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Choose the right category based on the number of participants.
The promotional Price is valid until 7 November 2022. Grab this special promotional price.
Created for Business Owners, Accountants, Financial Personnel, Company Directors and you of course.
(Personnel involved in Managing the Company)
Shareholders and Directors are exposed to Personal Risk of Travel Restriction, Personal Liability to pay for “Tax Undercharged” and Company Bankruptcy. Therefore Shareholders and Directors must have personal understanding of what are the latest risks they are facing and ensure the right safeguard is in place. Especially to take advantage of available Tax Incentives, Business Recovery, Corporate Restructuring ideas and Tax Planning Opportunities. (Applicable to all industry)
Here's 2 main reasons why management Level love our seminar :
Dr Choong Kwai Fatt is an acknowledged tax authority and a leading tax specialist in Malaysia, highly sought after speaker and provided tax consultancy services to listed companies, audit firms, legal firms and the Malaysian Government for more than 25 years.
Like a diamond with multiple façade, Dr Choong shines for his depth of tax knowledge, rare combination of skill and experience derived from being a speaker, writer, researcher, advocate and solicitor, consultant and his passion towards tax education.
Collectively this has resulted in his outstanding presentation skill and charming persona as a speaker and advisor.
Most frequent questions we received.
Our budget seminar is popular because we cover TAX PLANNING.
Conventional Budget seminar are created with the objective of just updating participants on latest changes.
Knowing tax changes help you to remain compliance.
Knowing tax planning provides substantial TAX SAVING.
Unfortunately, most of the sessions will not be repeated. Should there be a similar session, you can change to other session of the same event, subject to availability.
Refund is not possible as all seating arrangement with venue and printing of materials have been arranged and put in place. However, we can accept replacement by informing us via email 10 days prior to the event.
Yes. This seminar does not just cover the surface Updates or Latest Developments, it covers the most crucial question : “How to implement and embed them into my Company System?”
Join Us and Expect to take away How Practical Solutions and Implementation Pointers.
No. The CPD stated on the Certificate of Attendance is as awarded by the Training Provider in recognition of the hours spent learning with the respective Speaker/ Trainer.
Unfortunately, it is subject to the discretion of the respective institution whether or not to accept the point or otherwise.
Yes, we do understand plans are always subject to change. Do provide us the name 10 Days prior to the event date. If change of name were to notify after we have printed the Certificate of Attendance, reprinting of cert can be done with a Certificate Reprinting Administrative Fees of RM 100.
No. We wish we can answer yes to this. Our Seminar is based on latest and most up to date information, rules and regulations, with a cut off point of 1 to 2 weeks before the event. The earliest date for us to get the seminar materials from the Trainer/ Speaker is 1 – 2 days prior to event date. In this regards, we will have to turn down all request to deliver materials prior to event date.
We distinguish ourselves based on three areas. We are specialist in arranging effective and quality seminars.
We are also reputable event organising company set up to organise Advanced Tax Planning event. Our motto is to encourage the policy of “Plan Your Tax, Do NOT Evade Tax.”
Our Participants mainly consist of Corporate Leaders, Practitioners and Senior Executives, we hold firm to the view that we must do all it takes to maximise learning and impact in a minimum amount of time. We take pride in providing the most updated and well researched information.
Yes, our events are HRDF Claimable*
(*Subject to PSMB’s approvals by Participants). However do note that HRDF has new guideline on the claiming of HRDF on online training. Where there is restriction of RM 500 per day (with minimum of 4 hours training conducted over 2 days).
This applies to Company that is contributing to HRDF Fund.
Usually for live training as per the information we gather from Participants over the years, register and get the Invoice first.
Then, together with the Brochure, submit both Invoice and Brochure to HRDF for pre-approval (usually takes about 3 to 5 working days).
Once pre-approved, kindly email the preapproval for our record.
Post seminar we will submit the claim from PSMB after participants attended the event.
For Online training, HRDF do impose additional criteria. Such as the minimum number of hours and the minimum number of days and maximum number of participants per session. Do check with HRDF for more information on this.
If you have the latest updates as to how to claim HRDF, please do share with us via firstname.lastname@example.org.
Thank you for sharing!