Live Virtual Training (Most Popular!) > Basic Taxation for Accounting Personnel – SMEs (Online Training)

Basic Taxation for Accounting Personnel – SMEs (Online Training)

Course Objectives

Gain knowledge on what income is taxable, what expenditure is deductible and its related rules in the income tax act.
Gain knowledge on capital allowances, such as initial allowance, annual allowances, industrial building allowances, balance allowance and balance charge.
Gain knowledge on withholding tax, compliance and consequence of non-compliance

Target Audience

Fresh Accountants / Accounting Graduates,
Accounts Executives & Accounts Supervisors,
Accounts Assistants & Book Keepers
All other persons who are involved in and/or interested to learn and enhance their Basic Company Tax knowledge.

Methodology

Delivery of the course is online supported with course notes
Participative and active group discussions

Course Modules

Module 1: General Scope of Chargeable income
Module 2: Tax rates and Definition of SMEs
Module 3: Types of income subject to tax
Module 4: Deductible and non-deductible expenditures for business (Deductibility Test)
Module 5: Withholding Tax:
– Principles and Type of income subject to withholding tax
– Allocation of HQ expenses treatment
– Compliance procedures and its accounting entries
– Consequence of non-compliance
Module 6: Role of accounting double entries in relations to recording of taxable revenue and deductible expenditures.
Module 7: Capital allowance vs. depreciation and amortization
– Initial Allowances,
– Annual Allowances
– Industrial Building Allowance
– Deferred Taxation derivation, Balancing Allowance or Balancing Charge
– Small Value Asset Allowance
– Accelerated Capital Allowances

Get To Know The Trainer

Trainer Tan KT

Tan has 40 years of working experience in financial, strategic and general management field. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of these time are spend in the Manufacturing, Marketing & Distribution and Services organizations.

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