business tax
deduction
MASTER THE TRIO OF TAX DEDUCTION with CONFIDENCE
2 DAYS . Comprehensive 20+ tOPICS . 2 q & a SESSIONS
WHERE
Sheraton Petaling Jaya, Selangor
WHEN
13 & 14 June 2023
9 AM TO 6 PM (14 cpd)
SPEAKER
DR CHOONG KWAI FATT
Master the Tax Deduction is SUPER Important.
Prepare the RIGHT EVIDENCE
Tax Deduction is SECURE only if you have the RIGHT DOCUMENTATIONS.
Business Tax Deduction 2023: Identify What can be Deducted and Evidential Proof Needed for Your Tax Filling
DO YOU KNOW:
MOST TAX AUDIT FAILED, BECAUSE COMPANY SUBMITTED "ACCOUNTING EVIDENCE", INSTEAD OF "LEGAL EVIDENCE".
MOST TAX AUDIT FAILED, BECAUSE COMPANY SUBMITTED "ACCOUNTING EVIDENCE", INSTEAD OF "LEGAL EVIDENCE".
“Can Deduct Tax or Not?”
Not sure if your expenses can deduct tax before your Tax Filing? Well, Dr. Choong
will untangle the confusing world of Tax Deductions for all of us! We’ll dive into
the juicy details of how to save 25% Tax on every expenditure spent and learn
how to be well verse in the “Income Production” and “Remote Connect Test”.
TAX DEDUCTIBILITY PRO
By the end of the seminar, you’ll be a Tax Deductibility Pro and have all
your burning questions answered. Say goodbye to unexpected tax liabilities and
hello to big Tax Savings, the Legal Way!
THE TEST
When it comes to Business Deductions, it’s not just about keeping an eye
on your Income Production, but also making sure that your deductions are not
just remotely related to your business. Sounds easy, right? Wrong!
This journey constantly changes from year to year with the new Finance Act
Amendments, Gazette Orders, Public Rulings, and IRB Guidelines pop up yearly.
ADDITIONAL TAX AND PENALTIES
And if you thought that was complicated, just ask companies who’ve lost
their humongous Tax Cases due to some unexpected Bad Accounting Entries and
Misrepresented Descriptions. Yikes! Now they’re dealing with additional tax and
penalties on incorrect returns.
Moral of the story? Deductions are Serious Business, and the Good News is that
Deductions can be learnt. Avoid those errors, and you’ll be on your way to saving
Big Bucks and NOT geting hit with unexpected Tax Penalties.
YOU NEED THE RIGHT ACCOUNTING ENTRIES
Join us for this 2-Day deep dive into the exciting world of Accounting and
Tax Optimisation! Our expert presenter, Dr Choong Kwai Fatt, he will guide you
through the essential skills and knowledge you need to make the most
out of your Tax Deductions NOW for this Year Tax Filing, all while keeping
your business finances in tip-top shape.
If you’re feeling stuck on any Business Deduction Issues, we’ve got you
covered – we’ve set aside Q&A Session each day to address your toughest
challenge and provide you with practical, pragmatic Tax Solutions.
So comprehensively covers Tax Deduction Content waiting for You!
HOW THE SEMINAR IS CONDUCTED
- Join us Now for this hands-on Seminar where we'll be breaking down the ins and outs to optimising your business tax deductions this Year. Led by esteemed Tax Expert, Dr. Choong Kwai Fatt, this isn't your typical boring Tax Courses.
- With real-life examples and up to date Case Law breakdowns from year 2020-2023, you'll walk away feeling confident in accurately seeing your Accounting Code and clearly distinguishing between Expenses, Capital Expenses, Cost of Sales, and Asset-Liability components for this Year’s Tax Filing.
- Plus, Dr. Choong will delve into specific documents you'll need to prepare as Supporting Evidence for a rock-solid Tax Deduction. Don't miss out on this practical and informative Tax Opportunity to enhance your business success this Year!
SO DON’T MISS OUT ON THIS AMAZING OPPORTUNITY TO LEVEL UP YOUR
TAX and ACCOUNTING GAME!
WHEN YOU ATTEND THIS SEMINAR. YOU GET THE COMPLETE COVERAGE OF ALL THREE COMPONENT (TAX RULES, DOUBLE ENTRIES AND EVIDENCE).
Mastering Tax Deduction Rules is a life time skills. With the rise of Tax Audit and Investigation. Ability to compile evidential documents is not an essential skill.
Each Expenditure Needs a Unique Set of "Golden Thread"
Dr Choong especially creates this BUSINESS TAX DEDUCTION 2023 for participants so that participants know clearly whether that expense fulfill Tax Deduction Rules, and know exactly what documents to have in hand.
Mastering this “Golden Thread” Principle may sound like a tricky and abstract concept, but it’s actually a VERY Practical and Useful concept. It provides you the legal mind and sharpness that you need when there is any legal dispute (be it for Contract or Debt Dispute).
We are eager and look forward to seeing you in this Live in Sheraton. Network with peers and client, while resolving your tax concerns.
Hot Topics Covered
Content Exclusive to This seminar
- Tax Incentive Analysis
- Deduction for Manufacturing and services
- Director’s beware
- Tax-Exempted benefits especially for Employees
- Financing Business using Preferential shares
- Changes to contemporaneous Transfer Pricing Documentation
- Unexplained bank balance
- Sales and Service Tax Recovery and Changes
- Real Property Company Shares no longer the same
- Fine on conversion Bumi unit to non-Bumi unit
what’s covered
Bold
Content
Contents includes Tax Updates & Tax Planning but are not limited to just the following:
DAY ONE - 13 JUNE 2023
their very Important demarcation in Income
Statement
the Common Mistake with Real Life Applications
- The Components
- Withdrawal Stock for own use
- Stock written off
- Stock written down
- Slow moving stocks (highly confusing area)
- Special attention on Property Developer and Share Trader
- The Tax Demarcation
- Specific provision for doubtful debts – procedures for rock solid Tax Deduction
- Bad Debt written off and written back in real life applications
- Contra debt with properties (so many done this wrongly)
- Write off related party trade debtor is now not deductible – the moving forward plan
- General provision for Doubtful Debts – is it a must or at discretion?
- Transfer pricing risk consideration
- Write off advances – what are the Tax Risks involved?
- Conversion of debts to equity – What are the downside factors?
- Interest free or WITH Interest – What are their risks and solutions?
- The earliest point you can create accrual for deduction
- The demarcation between Provision and Accrual of Expenses
- Gratuity, Retirement Benefit – Should it be accrual or provision?
- Is Warranty Expenses an accrual? – the documentation requirement
- Advance Rental or Prepayment of Rental? – Which is the correct terminology?
- Rental and Premium – What is the Distinction and Tax Impact?
- the Demarcation and the Scope
- What are the Deduction Requirements and Documentary proof needed?
- What are the Distinction, Scope and Ambit?
- Deduct-able or NOT deductible?
- Accounting Rule vs Tax Rule
- Complete reveal of the correct applicable of Specific Deduction and Double Deduction of Expenses
DAY TWO - 14 JUNE 2023
** Exclusive tax planning content only available in this Budget 2023 Physical Live seminar.
- Sdn Bhd – what are the features you need to know and take advantage of?
- LLP – still a Good Business Structure?
- Hybrid Structure suitable for : Individual Patent Owner, LLP providing services and Sdn. Bhd. doing manufacturing with trading subsidiaries?
- Disintegrate group of companies for listing – how to move forward?
- Sales of unquoted shares – the new Capital Gains Tax?
- What is the Demarcation Point for Deduction?
- What are the Real Life Applications on range of industries?
- What are the Accounting Codes Applications?
- Selecting Year End for Tax Planning Purposes?
- Which is the difference between “Expenses, Allowance, Subsidy, Reimbursement”?
- A Complete Analysis showing you how to optimise tax deduction for Tax Filing this year
- How to deal with work from home expenses
- Latest Utilisation Rule
- Time limit of 10 Years Utilisation – (Clarify on Confusion Components)
- Substantial change of Shareholders – the Application, Noting Points and its effect on Zerorise
- Temporary cessation of business and permanent cessation – the identification in real life application
- What is the latest the deduction consideration
- the importance of naming the Right Beneficiary: should it be the Company or the Director?
- Accident Insurance, Medical Insurance as an add on or alternative?
- the setting up of Special Accounting Code to optimise deduction
- the deduction test and capitalisation rules
- interest restriction application
- related parties’ interest expense – constraints and restraints
- a complete analysis of expenses impacted by Withholding Tax
- Tax Treatment on Expenses not due to be paid and its consequences
- Withholding Tax absorbed – Accounting Treatment
- Digital Advertisement paid by staff with reimbursement – the Withholding Tax Crystalisation Point
Interest Expense Deduction Availability and Subjectivity
- What is the Deduction and the Threshold Limit
- Tax Adjustment in Tax Computation – Noting Points
- the Deduction Rules
- the Capitalisation Rules
- the special Deduction of Renovation, Refurbishment of Building of RM300,000 – what are the noting points?
- Ambit and Scope of Intangible Asset
- Expense or Asset – the demarcation point
- the Capital Allowance Availability
- the grant impact on capital allowance claimed
Also with the changes in tax case law decided by the court and gazette order published by tax authorities.
JOIN THIS SEMINAR.
Grab these rare Malaysia BUSINESS TAX DEDUCTION 2023: KNOW THE RULES + EVIDENCE REQUIRES.
WHAT PAST PARTICIPANT THINKS
ABOUT OUR SEMINAR LAST YEAR
REVIEW
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Timeline
DAY ONE - 13 June 2023
Part 1
12:30 PM TO 1:30 PM LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:00 PM TO 6:00 PM
…. More content may be added as changes where relevant from Budget 2023 prior to event date.
DAY TWO - 14 June 2023
Part 1
12:30 PM TO 1:30 PM LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:00 PM TO 6:00 PM
…. More content may be added as changes where relevant from Budget 2023 prior to event date.
Venue
Conducted in the ballroom within the relaxation of Sheraton Petaling Jaya Hotel, 5-star heaven near along Federal Highway, near Kuala Lumpur.
Address:
Sheraton Petaling Jaya
Lorong Utara C, Pjs 52, 46200 Petaling Jaya, Selangor
What you will get :
- The reference books and printed slides,
- The Q & A link to submit your questions: Prior, During and Post seminar.
- Certificate of Attendance (Pdf)
PRICING
Choose the right category based on the number of participants.
Group of
1 - 2 Pax
RM
2,900
REGISTER 1 - 2 PAX
Seat are limited and subject to first come, first served basis.
Group of
3 - 4 Pax
RM3460
RM
2,600
-
Here’s how the math works :
RM 2,900 - RM 300 group registration discount = RM 2,600
REGISTER 3 - 4 PAX
Seat are limited and subject to first come, first served basis.
Group of 5 Pax
& more
RM3460
RM
2,300
-
Here’s how the math works :
RM 2,900 RM 600 group registration discount = RM 2,300.
REGISTER 5 PAX & MORE
Seat are limited and subject to first come, first served basis.
Popular
JOIN THIS SEMINAR.
Grab these rare Malaysia BUSINESS TAX DEDUCTION 2023: KNOW THE RULES + EVIDENCE REQUIRES.
wHO IS IT FOR?
Created for Business Owners, Accountants, Financial Personnel, Company Directors and you of course.
SHAREHOLDERS AND DIRECTORS
(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)
BUSINESS AND FINANCIAL DECISION MAKERS
(CEO, CFO, General Manager and Financial Controller)
To ensure the company continue to prosper and remain relevant, be ready for Malaysia Budget 2022 and get to know what are the major changes in Government’s direction which impact Businesses Direction. Where Economy, Taxation and Business Direction need to be known. The Decision Makers must be well advised and comprehend the significance and be able to plant the right seeds and direction for the company.
COMPANY SECRETARY, AUDITORS, AND TAX AGENTS
The Advisors need to gear up and patch up your dose of Know-How from this Annual Malaysia Budget 2022 Seminar in view of this ongoing Covid-19 pandemic that is happening locally as well as internationally.
Get the Latest Malaysia Budget 2022 Approach implemented by ruling Government, latest KNOW HOW and New Action Plan needed.
ACCOUNTANTS, FINANCIAL CONTROLLERS, SENIOR EXECUTIVES
Applying a MFRS and SST are tough enough, plus Transfer pricing changes which is bringing Malaysian Business Structure change and cut across all industries in your accounting work. NOW there is another wave of change in New Government Business Direction with the regards of Covid-19 that you MUST BE READY FOR.
How will it affect your Business Direction, Accounting Entries, Documentation from now onwards and all the compliance requirements and thresholds involved. There are ample work to PATCH UP on the missing UPDATES.
IT'S HAPPENING THIS JUNE. SO THAT YOU CAN HAVE ALL YOUR TAX CONCERNS SETTLED BEFORE TAX SUBMISSION.
INTERESTING FACT
93% of our Participants consist of Senior Management and Key Decision Makers.
Here's 2 main reasons why management Level love our seminar :
Concise & Packed with practical "How to"
Experienced Senior Management appreciate the fact that the more they legally slash from Tax, the more Profit they can easily retain in the company.
We Cover Risk Management
Tax Risk Management is on the shoulder of Senior Management (especially Directors), compliance and right documentation free them from lots of Tax Headache and be confident when they faced with Tax Audit and Investigation.
[One Last Secret: We notice most of our frequent attendees get promoted Very Fast in their respective Company. I suppose, those who can create high impact on company's $$$ will tend to get priority to be headhunted for promotion when it is available.]
Dr Choong Kwai Fatt
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.
5/5
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GRAB THESE RARE MALAYSIA BUSINESS TAX DEDUCTION 2023: KNOW THE RULES + EVIDENCE REQUIRES.
faq
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 event@synergytas.com.
Thank you for sharing!
JOIN THIS SEMINAR.
GRAB THESE RARE MALAYSIA BUSINESS TAX DEDUCTION 2023: KNOW THE RULES + EVIDENCE REQUIRES.
Need a copy of the
We provide both. View them online or the download pdf version.
