Introduction
In today’s competitive and uncertain business environment, managing costs has become more challenging than ever. Among these costs, taxation plays a critical role. For both individuals and corporations, understanding the fundamentals of taxation is not only about compliance but also about protecting business sustainability and long-term growth. Taxation impacts how businesses manage their cash flow, allocate resources, and plan for future investments. A company may run its operations efficiently, yet a single overlooked tax obligation can result in costly audits, penalties, or even reputational damage. Many organisations in Malaysia face this dilemma when tax audits by the Inland Revenue Board (LHDN) reveal gaps in reporting or non-compliance, leaving businesses scrambling to find funds to settle unexpected liabilities. Beyond compliance, taxation also presents opportunities. Legal tax planning—such as understanding allowable deductions, incentives, exemptions, and reliefs—can significantly reduce liabilities and free up resources for reinvestment. Unfortunately, many taxpayers miss out simply due to lack of knowledge, insufficient information, or sheer ignorance. This program provides participants with a structured understanding of Malaysia’s taxation framework. It covers the essentials of direct and indirect taxes, tax reporting requirements, and strategies for mitigating liabilities within the legal framework. By the end of the program, participants will gain clarity on their obligations as taxpayers, confidence in managing tax-related risks, and practical insights into leveraging taxation as a tool for better financial planning and decision-making.
Program Objectives
This program aims to:
● Gain knowledge of the fundamental of Malaysia taxation
● Various tax imposes by Inland Revenue Board Malaysia
● Gain knowledge on the tax administrative
● Knowing the difference between tax deductible or non-tax-deductible expenditures
Learning Outcomes
After completing this module, participants should be able to:
● Knowing the tax treatment for various sources of income
● Preparation of tax computation
● Understanding of fundamental concept of income tax in Malaysia
● Knowing business income subjected to income tax
● Understanding expenditures entitled for tax deductions
● Computation of capital allowance for businesses