Getting the Tax Provisioning Right - A Practical Guide to Companies' Income and Deferred Tax Computations

Getting the Tax Provisioning Right - A Practical Guide to Companies' Income and Deferred Tax Computations

Getting the Tax Provisioning Right
- A Practical Guide to Companies' Income and Deferred Tax Computations                                                           

Date     :      11 October 2016
Time    :      9.00 am - 5.00 pm
Venue  :      Concorde Hotel, Kuala Lumpur         

*Register now and get a complimentary copy of "Income Tax Deductions for Businesses, Malaysia" worth RM188

Correct tax provisioning requires the proper calculation of current tax and deferred tax. For many finance professionals, the concepts underlying current tax and deferred tax are not intuitive. Applying these concepts requires a thorough knowledge of the relevant income tax laws as well as the application of MFRS 112 "Income Taxes". While the income tax laws take a mechanistic approach to the computation of current and deferred taxes, significant judgement is still required in some areas. The application of deferred tax under MFRS 112 has always been rather challenging even for the more experienced finance professionals.

Wolters Kluwer Executive Events presents a one-day workshop to share some insights into the more challenging aspects of tax provisioning and accounting for deferred taxes. These insights reflect the collective experience of the subject matter experts from KPMG Malaysia. Through a combination of interactive discussions and numerous case studies, the workshop will address key application issues related to both current and deferred taxes, highlight common pitfalls, and provide insights on the possible solutions and key steps required to resolve certain problematic areas in tax provisioning.

v  Interactive Discussions
v  Case Studies
v  Practical Know-How


Ø  Tax Managers/Professionals
Ø  Financial Controllers/ Finance Directors/ Managers
Ø  Accountants
Ø  Those involved in Corporate Tax Compliance and Planning


ü  Understand: The tax provisioning process and related concepts
ü  Business Impact: Develop the skills to prioritise and identify key issues relating to getting tax provisioning right and learn actionable steps to avoid pitfalls
ü  Practical Knowledge: Work through numerous "live" case studies to strengthen your application knowledge of tax provisioning
ü  Planning Tips: How to limit your tax provisioning risks


Introduction to Tax Provisioning
§  Understanding the tax provisioning process
§  Objective of tax provisioning
§  Managing the tax provisioning process
§  What are the commonly made mistakes?

The Malaysian Taxation System – An Overview
§  Understanding the Malaysian taxation system and key income tax principles required for tax provisioning
§  Find out the practical issues, common pitfalls and tips for tax provisioning
§  Work through illustrative examples to strengthen application knowledge of tax provisioning

Determining Deferred Taxes
§  How to determine the tax base of an asset, a liability or an item other than asset or liability?
§  What gives rise to deferred tax assets and deferred tax liabilities?
·         Temporary differences versus Permanent differences
·         Taxable temporary differences versus Deductible temporary differences
·         Key considerations for the recognition of unused tax losses and unused tax credits
§  What tax rate should be used when determining the deferred tax amount?
§  What are the common specific issues relating to deferred taxes?

A Step-by-Step Approach to Accounting for Current and Deferred Tax
§  Work through "real life" case studies
§  Look at the common issues in preparing tax provisions and deferred tax and how these could be practically addressed or made simpler by way of illustrative examples
§  Learn how to exercise correct judgement for uncertain positions and avoid common pitfalls


Executive Director, Corporate Tax Services
KPMG Tax Services Sdn Bhd
Maslinda is a Tax Partner in KPMG Malaysia. She joined KPMG in 1995 as a Tax Consultant Assistant and became an Executive Director in 2008. Maslinda has significant experience in the financial services, Islamic leasing, airport operations, plantations, security printing, bulking operations, telecommunications and hospitality industries. Maslinda is experienced in corporate tax and GST law and has knowledge in tax planning, tax consulting and compliance services, as well as tax due diligence. Her experience also includes structuring of mergers and acquisitions and tax advisory relating to investing abroad and locally. She is involved in assisting her clients with the Inland Revenue Board's and Royal Malaysian Customs Department's enquiries including tax audits and is also involved in tax advisory engagements for clients seeking special approvals, and tax incentives relating to both Malaysian direct and indirect taxes.
Maslinda has participated as an instructor in various in-house and external seminars.

Florence, Chua
Executive Director, Professional Practice Department
Florence has been with KPMG for more than 15 years. She comes with experiences in auditing public listed and multi-national companies prior to her transfer in 2015 to the Professional Practice Department of KPMG, a division of the Audit function dealing with emerging and contentious accounting and auditing issues. During her time in audit, Florence has worked on various audit engagements in the automotive, retail and manufacturing industries. She has also experience in leading special assignments including agreed upon procedures engagements, IFRS reviews, J-SOX engagements, review of policies and procedures, preparation of deferred tax computations for non-audit clients, financial due diligence and corporate exercises. Currently, she is involved in technical consultations for the audit department and in seminars and in-house trainings for both internal and external participants in respect of new accounting

Wai Yin, Lim
Executive Director, Corporate Tax Services
KPMG Tax Services Sdn Bhd
Wai Yin has over 14 years of working experience in tax practice and investment banking. Her taxation experience covers corporate tax advisory and compliance services. She has serviced a diversified portfolio of clients from various industries including financial services, manufacturing, trading sectors, property development and construction, hospitality, healthcare and education, etc. Wai Yin has built vast technical knowledge and experience in tax consulting, tax planning and tax review work. She is well versed in the practical aspects of taxation practice in Malaysia and has good knowledge of international taxation principles. She has experiences in advising on group restructuring and cross-border transactions, mergers and acquisitions and due diligence exercises. Wai Yin has also assisted various clients in liaising with regulatory authorities to apply for tax incentives, tax exemptions and reliefs. She has been involved in conducting trainings for both internal and external participants and has authored several articles on taxation matters.


Fee includes workshop materials, certificate of attendance, lunch and refreshments.

CCH Executive Events Corporate Member/
CCH Subscriber                                      :        RM 1,102.40
Non-Subscriber                                      :        RM 1,378.00

* Prices are inclusive of 6% GST

For full information, please refer to the brochure attached.

The above workshop is HRDF claimable under the Skim Bantuan Latihan and to sign up, please complete the registration form and return to me soonest.

Do contact me anytime for further clarification and assistance. 

Thanks & regards,

Sarah Abdullah
Senior Events Consultant
APAC Publishing
Level 26, Menara Weld, No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia
Kindly reply to this email to request for the brochure/s of our other Wolters Kluwer upcoming events :-

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