Deductions for Companies | JFAM Synergy

Claiming HRDF under Skim Bantuan Latihan Scheme

Jfam Synergy Sdn Bhd is registered with the Human Resource Development Fund (serial number 1465). This means that all trainings/courses organised by Jfam Synergy are eligible for HRDF claims under the SBL Scheme. Application of claim must be made to HRDF by employers prior to the training. General Guidelines for Claiming HRDF can be found at the Human Resource Development Fund’s website: http://www.hrdf.com.my

Skim Bantuan Latihan (SBL) Scheme

For trainings/courses under the SBL Scheme, prior approval must be obtained from the Council’s Secretariat. Under the scheme, employers are free to identify their own training needs and formulate training programmes to retrain and upgrade their employees’ skills in line with their operational and business requirements. Training can be conducted either on-the-job, off-the-job or a combination of both to suit the requirements of enterprises. Training programmes can be carried out by their own trainers or where there is a lack of expertise, by external trainers. Where local expertise is not available, enterprises can also engage qualified trainers from overseas.

To qualify for training grants, training programmes must be structured and have: Specific training objectives. Specific training activities or lesson plans. Guided instructions by qualified instructors/trainers. Assessment to determine attainment of training objectives.

How To Apply

Fill in form PSMB/SBL/1/01 (http://www.hrdf.com.my)

Attach relevant supporting documents:

  1. Quotation for Training/Course Fee
  2. Trainer’s biography
  3. Course Contents
  4. Other related documents, where applicable

Submit completed form to PSMB before the commencement of the training. Application forms must reach the PSMB office at least one (1) day before training commences. Approval or rejection letter will be given within two (2) weeks from the date of receipt of application.

How To Claim

Fill in form PSMB/T/1/01 (http://www.hrdf.com.my) Attach relevant supporting documents:

  1. Receipts
  2. Payment vouchers
  3. Other related documents, where applicable

Submit completed claim form to the PSMB upon completion of training for reimbursement of “allowable costs”.

Deductions for Data Centre Training

Companies can also claim MyProCert funding for the CNet Data Centre training for

  • Certified Data Centre Design Professional (CDCDP) –  3-day Core units training only with reimbursement amount of RM4,900.00 per pax.
  • Certified Data Centre Management Professional (CDCMP) – 3-day Core units training only with reimbursement amount of RM4,900.00 per pax.
  • Certified Data Centre Technician Professional (CDCTP) – 5 days training with reimbursement amount of RM6,600.00/pax.

Read more by clicking here  

Maximize your budget with Productivity & Innovation (PIC) Scheme!

With the PIC Scheme, Singapore registered businesses can enjoy huge tax savings in the form of 60% Cash Back or 400% Tax Deduction when they invest in trainings to upgrade the skills of employees, including executive education programs provided by Clariden.

Have 60% of Your Registration Fees Funded – Cash Payout Option!

Eligible businesses can get 60% cash back on investment on training programs for their employees.

 

How to Apply for Cash Payout

Register and pay for any executive program or conference. Attend the program and receive a program certificate. Submit the completed PIC Cash Payout Application Form along with the program invoice and a copy of your program certificate to IRAS.

*Please note that IRAS may select PIC applications for further review, even after the cash payout has been made.

400% Tax Deduction

Businesses can enjoy 400% tax deduction or allowances of their expenditure per year

How to for Claim Tax Deduction

Businesses can make the claim for deduction or allowances in their income tax returns for the relevant YA by the filing due date (15 Apr for sole-proprietorship and partnership; 30 Nov for company).

Terms & Conditions Apply.

 

For more information, please visit:

http://www.iras.gov.sg/irashome/picredit.aspx

If you would like more information, kindly email us at sales@jfamsynergy.com