Webinar - Taxation of Benefits-In-Kind and Employer's Tax Obligation

With the ever changing legislation and rampant tax audits being conducted by the Inland Revenue Board, it is important for employers to undertake a regular ‘health-check’ on compliance with tax obligations in addition to keeping themselves abreast of tax regulatory and administrative changes. Being fully compliant with these obligations will help to avoid penalties for non-compliance which can be hefty. Join us in this webinar to gain an in-depth understanding of the taxation aspects which every employer should be aware of to avoid the pitfalls of non-compliance.

Our experienced speakers will cover the following topics during this session:

• Benefits-in-kind & perquisites from employment
  Tax treatment of benefits-in-kind and perquisites and tax exemptions available, including common oversight by employers
• Living accommodation benefit
  Tax treatment of living accommodation benefit provided by employer
• Compensation from loss of employment
  Taxability of compensation from loss of employment and exemptions available
• Stock options
  Tax treatment of share schemes such as employee share options granted to employees including reporting obligations for the employer
• Employer's reporting obligations
  Notification to the IRB in the case of new employees, resignees, seconded employees, retirees and deceased employees
• Penalties for non-compliance
  Key penalty provisions for non-compliance with reporting obligations
• An interactive Q&A session
  An interactive Q&A session to address any questions from participants

Speakers Profile:

Thang Mee Lee
Executive Director, Tricor Taxand

Mee Lee is an Executive Director of Tricor Taxand. She has over 25 years of experience in tax advisory and compliance work for local corporations, multinationals and individuals, including tax planning, remuneration planning, restructuring, mergers & acquisitions, etc. She has worked with clients in diverse industries including oil and gas, trading, manufacturing, information technology, real estate, automotive and logistics. She is a regular speaker at seminars and has written articles for various tax and accounting journals

Thisha Gunasilan

Director, Tricor Taxand

Thisha is a Director of Tricor Taxand. She is a Fellow of the Association of Chartered Certified Accountants (ACCA), UK, a Chartered Accountant of the Malaysia Institute of Accountants and a member of the Chartered Tax Institute of Malaysia. She has significant experience in handling personal tax compliance matter, tax audits, restructuring, due diligence engagements and cross border transaction advisory. She writes actively and has contributed articles to various publications. Thisha speaks regularly at seminars, webinars and training events.

Tricor Taxand Sdn Bhd is part of the Tricor Group, the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, and corporate trust & debt services. Tricor provides the building blocks for, and catalyzes every stage of your business growth, from incorporation to IPO.

The Tricor Group has a dominant footprint in Asia Pacific and a strong global presence. The Group operates in 21 countries / territories and across a network of 47 offices.

Tricor Taxand, the Group’s tax advisory business in Malaysia, is a member of the Taxand Global organisation of independent tax advisory firms. As such, Tricor Taxand is able to leverage on Taxand’s large client base and work with other Taxand member firms in servicing their clients. Its tax advisory services have been recognised with many awards and accreditations.

For more information, please visit www.tricorglobal.com