Basic Tax Planning & Current Tax Issues

The recent budget announcements have introduced major changes to the Malaysia tax system. This workshop will cover the change from the current tax imputation system to the single-tier system coming into effect from 1 January 2008 as well as the mechanism of regressing dividend due to the reduction in corporate tax rate. In addition, updates on the application of Group relief and effects on changes in shareholding on CA and tax losses of a company will also be addressed.

• Tax imputation system vs single tier system (latest update)
  • Tax planning for transitional period
  • Dividend paid/credited during transitional period
  • Section 108 credits during transitional period
  • Issues arising from transitional provisions
  • Administrative requirements
  • Latest updates from IRB
• Tax planning on group relief
• Utilisation of CA and tax losses
• Effects of change in company's shareholding on CA and tax losses
• Re-grossing of dividends due to the reduction in corporate tax rate for YA 2007, 2008 and 2009
• Promotion of Investment (Amendment) Act - highlights of changes on tax incentives
• Recent tax developments

Target Audience:

All

CPD Code:

080826KB1

Speaker's Profile

Mr Chow Chee Yen

Chee Yen is a Fellow Member of The Association of Chartered Certified Accountants (FCCA), a Fellow Member of the Malaysian Institute of Taxation (FTII) and a Chartered Accountant of the Malaysian Institute of Accountants (CA).He is also a graduate of the Malaysian Institute of Certified Public Accountants (MICPA) Examinations and successfully completed the Certified Financial Planner (CFP) conversion programme.

He is currently the Executive Director of Advent Tax Consultants Sdn Bhd and was an Associate Director of an international firm. In addition, he was also attached with PricewaterhouseCoopers and Arthur Andersen Kuala Lumpur, specialising in corporate taxation. He has more than 16 years of tax experience and was involved in tax engagements concerning cross border transactions, tax due diligence review, restructuring schemes, corporate tax planning, group tax review and inbound investments.

Chee Yen's expertise is in high demand and he is a prolific trainer/facilitator for tax workshops and seminars organized by MIA, MIT, ACCA, CPA Australia, the STAR newspaper and in-house training for both professional firms and corporations. He is also a regular speaker in conferences organised in Hong Kong and Singapore.

In addition, he has been lecturing in various colleges and university in the Klang Valley for the past 13 years, specialising in taxation papers for professional examinations namely ACCA, MICPA, ICSA and MIT. He was also the Chief Examiner for a taxation paper of a professional examination bodies.

Chee Yen is also an editorial member of the Annual Budget Commentary and Tax Information Booklet jointly published by the professional bodies and has written books on Malaysian taxation for Commerce Clearing House (CCH).