Single-Tier Dividend Payment

Introduction

The single-tier tax system came into effect on 1 January 2008 after first announced in the 2008 Budget Speech presented on 7 September 2007. The proposed change from “Imputation System” to “Single-Tier Tax System” was mostly unanticipated by taxpayers. This seminar will cover various aspects of the amendments, its application as well as implications.

Course Outline

Highlights of the course include:

•  Procedures required during the transitional period regarding dividends paid and section 108 account.
• Optimal utilisation of the available section 108 balance during the transitional period.
• Effects on companies and shareholders upon adoption of single-tier tax system.
• Implications on the proposed changes to the new system and whether it benefits the dividend-paying companies as well as recipients

Target Audience: All
CPD Code: 081010MK1

Speaker’s Profile

Jason Chong Peng Khang

Jason holds a Bachelor of Accounting (Hons) Degree from Multimedia University and is a member of the Association of Chartered Certified Accountants (ACCA) as well as the Malaysian Institute of Accountants (MIA).

Presently, he heads the accounting and finance division of a public listed company, which is listed on the Main Board of Bursa Malaysia Securities Berhad. He has over 5 years of audit experience with two of the “Big 4” international accounting firms as well as has lecturing experience in teaching ACCA’s Paper F6 Business Taxation.