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  Facilitator  
  Ms. Pat Yeoh
 
  Trainer & Consultant  
   
   
  Event's Profile  
 
Date : 16, 17 & 18 July 2019
Time : 9am - 5pm
Venue
:
Suite 7-5, Level 7
Wisma UOA II
21, Jalan Pinang
50450 Kuala Lumpur
 
   
  Registration  
  Online Registration, please register here
 
  Registration via Fax,
please download form here
and fax it to (603) 2713 6869.
 
   
  PM Resources' Contact  
 
(603) 2713 6868
(603) 2713 6869
training@pm-resources.com
www.pm-resources.com
/training-series/
 
   
  Sharing  
 
 
   
   
   
  In-house Training  
  Apart from the above program, the following are also available for in-house training:
 
   
 
1. Business English
2. Business Writing Training
3. Effective, Impactful and Memorable Presentation Skills
4. Persuasive Business Communication Skills at Work
5. Effective Supervisory Skills & Personal Development Workshop Outline
6. Stress Management: How to Manage Workplace Stress Effectively?
7. Logistics Concepts & Practices
8. Pengurusan Rantaian Bekalan (Supply Chain)
 
   
   
 

 
Managing and Processing Payroll In Malaysia & Payroll Tax Computation
A 3-Day Programme
Date : 16, 17 & 18 July 2019 (Wednesday, Thursday & Friday)
Time : 9.00 am - 5.00 pm
 
Introduction
 

Payroll is an organisation’s financial records of employees’ salary payments, bonuses and deductions. An organisation’s payroll management is expected to adhere to the latest statutory obligations as they are subjected to law and regulations. Effective and efficient payroll management ensures payslips are properly prepared, salaries are paid and statutory returns completed.

Apart from Employment Terms and Conditions, this programme will also highlight to participants the computation of EPF, SOCSO, HRDF contributions and income tax deductions according to the Employment Act 1955. In addition, the Malaysian payroll system, up-keeping of payroll system and other statutory requirements will also be covered.

Effective January 1, 2009, Computerised Calculation Method was introduced and is applicable if an employer uses a computerised payroll system provided by the software provider or developed/ customised by the employer in accordance with specifications determined and reviewed by the LHDNM. However, an employer who does not use a computerised payroll system will continue to deduct their employees’ monthly tax using the Schedular Tax Deduction (STD) Method.

This method was subsequently streamlined further in 2010 where employers no longer refer to employees’ monthly tax deduction as monthly Schedular Tax Deduction (STD) but Monthly Tax Deduction (MTD) using either the Computerised Calculation Method or the Schedular Tax Deduction Table Method.

Due to these changes in 2009 and 2010, many employers have found difficulty in answering their employees’ queries on the sudden increase/ decrease in their monthly tax deductions as well as understanding the new calculations and formula. Thus, this programme is targeted to answer these queries and to enhance the understanding of the new calculations and formula.

Objectives
 
The program should achieve the folling objectives
  • Learn how to calculate pay based on employment terms & conditions according to the Employment Act 1955
  • Have an understanding of termination and lay-off benefits and its computation.
  • Understand the computation of EPF, SOCSO, HRDF contributions and income tax deduction.
  • Understand in detail the background and benefits of EPF, SOCSO, HRDF contributions and income tax deduction.
  • Learn how to set up the payroll system and up-keeping of payroll system.
  • To understand what are the year-end reports & statutory requirement.
  • Have an understanding of the impact and implication of the new Monthly Tax Deduction using:
    • The Computerised Calculation Method
    • The new Schedular Tax Deduction Table
  • Have an understanding of the Computerised Calculation Method Formula.
  • Learn to compute the Monthly Tax Deduction (MTD) using the formula provided by LHDNM manually.
  • Learn to compute the Additional Remuneration using the formula provided by LHDNM manually.
  • Understand why the new Monthly Tax Deduction (MTD) was implemented and the benefits of its implementationTo understand what are the year-end reports & statutory requirement.
 
Programme Outline
Managing and Processing Payroll In Malaysia
Module 1: Definitions of Payroll
 
Module 2: Employment Terms and Conditions
  • The background
  • Definitions
  • Casual workers
  • Temporary employees
  • Employees Outside the Coverage of the Employment Act
  • Salary for Incomplete months
  • Ordinary rate of Pay
  • Notice Period and Termination
  • Inquiry, Misconduct and Suspension
  • Payment of wages
  • Imprisonment and Court Attendance
  • Annual Bonus
  • Deduction from Wages
  • Advance to Employees
  • Female Employees
  • Rest day, work on rest day
  • Hours of work, shift work
  • Holidays
  • Annual leave, sick leaves
 
Module 3: Application of Employment Act
 
Module 4: Employment Related Calculations
  • Part time employees,Casual Employees
  • Wage Periods
  • Overtime on Public Holidays, Normal Overtime
  • Incentive Payment, Maternity Allowance
  • Unpaid leave, Payment for Annual Leave
  • Payment in Lieu for Notice
 
Module 5: Application of Employment Related Calculations
 
Module 6: Termination and Lay-Off Benefits
 
Module 7: Application of Termination and Lay-Off Benefits
 
Module 8: Employees Provident Fund (EPF)
  • Background
  • Obligations on employees and employers
  • Account of Contributors
  • EPF Benefits
    • Additional amount payable to members
    • Investment by members in fund management institutions
    • EPF members’ saving investment scheme
  • Retirement
  • Rate of monthly contribution
  • General
 
Module 9: Social Security Organisations (SOCSO
  • Background
  • 1st category SOCSO Contributions
  • 2nd category SOCSO contributions
  • Assumed Wages
  • Calculations of temporary disablement Benefits
 
Module 10: Human Resources Development Fund (HRDF)
  • Background
  • Rate of HRD Levy
  • Application of HRDF
 
Module 11: Income Tax Deduction
  • Background
  • Objectives of the monthly tax deduction (MTD)
  • Employees’ Residence Status
  • Employee category
  • Definitions of Remuneration in the income tax context
  • Benefits-in-kind (BIKs) and Value of living accommodation(VOLA)
  • Allowable deductions and rebate under the act
  • Optional deductions and rebates
  • New hire in the company
  • Additional remuneration formula
  • Compensation for the loss of employment
  • Additional information of the monthly tax deduction (MTD)
 
Module 12: Setting up the Payroll System and up-keeping
  • Yearend reports and statutory requirements
 
Payroll Tax Computation
Module 1: Introduction
 
Module 2: Background of the Schedular Tax Deduction (STD) AND Monthly Tax Deduction (MTD)
 
Module 3: Why was the new Monthly Tax Deduction (MTD) Method Implemented?
 
Module 4: Scenarios before the Implementation of the Monthly Tax Deduction (MTD) Method
 
Module 5:
  • Implementation of the Monthly Tax Deduction (MTD) Method
    • Adjustment of Allowance, 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 income tax act
      • Claiming for deductions and rebates
      • Method of implementation for claiming deductions and rebates
    • Changes in the tax deduction formula calculations
      • Method of implementation for the changes in the tax deduction formula calculations
    • Minimum Remuneration and reduction in monthly tax deduction (MTD)
    • Options to include Benefits-in-kind (BIKs) and value of living accommodation (VOLA) as part of remuneration
  • 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 date and payment method for monthly tax deduction (MTD)
  • Benefits of the newly monthly tax deduction (MTD) Method
    • Conclusion
 
Who Should Attend
  • Finance Managers/Accountants
  • Finance/Accounts Executives
  • Human Resource Managers/Executives
  • Administration
  • Personnnel Managers/Executives
  • Payroll Executives
  • Anyone who’s responsible for payroll processing
Methodology
  • Highly Interactive, you will learn via power point presentations. Presentations, groups discussion and worksheets
  • Highly practical and experiential learning examples
  • Lively discussions and informative Q & A sessions
  • Highly informative and practical course notes for reference
Your Investment
Early Bird
RM2400.00 per participant
Standard
RM2500.00 per participant
Special Fee
Sign up 3 participants for the price of 2 participants

*Your investment includes materials & notes, lunch, tea break and certificate of attendance
 
 
 
 
PM Resources Sdn Bhd (Co. No. 466686-P)
Suite 7-5 Level 7, Wisma UOA II, 21 Jalan Pinang, 50450 Kuala Lumpur | Telephone: +603 2713 6868 | Fax: +603 2713 6869 |
Email: training@pm-resources.com | Website: www.pm-resources.com/training-series

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