Goods and Services Tax (GST) for HR - Implications on Staff Benefits - Labour Law Blog

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Aug 26, 2014

Goods and Services Tax (GST) for HR - Implications on Staff Benefits

Date: 8th September 2014
Venue: Eastin Hotel, Petaling Jaya, Selangor

In the 2014 Budget, the Prime Minister of Malaysia has announced that Goods and Service Tax (GST) will be implemented effective 1 April 2015 at the rate of 6%. Unlike the short lived efforts in 2005 and 2009, this announcement has been accompanied with the passing of a Bill at both Houses of the Parliament. As such, upon the Royal Assent, the Bill would become Goods and Services Tax Act 2014.

Business operators have now begun to understand that review of business processes and practices is necessary to comply with GST, but many have not recognised that GST have significant implications on staff benefits. This course educates the human resource personnel on GST implications on staff benefits, so that they are aware of the staff benefits which should be reported to the finance function to be property accounted for in the tax return. Failure to do so, substantial penalties may be imposed on the business.


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