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SST 2018 : PRACTICAL & EFFECTIVE IMPLEMENTATION OF SALES AND SERVICES TAX 1 5 AU G U S T 2 0 1 8 | D R C H O O N G K W A I FAT T | H R D F C L A I M A B L E * | T H E G A R D E N S, M I D VA L L E Y

TRANSITION

GST SST 2018

SST

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : Subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discretion. | Seats are confirmed on payment made and on first come first served basis only. Discount,if any, is only applicable if payment is made within the time specified in Tax Invoice, failure to comply will result in the cancellation of discount and subject to the prevailing price. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. Copyright (C) 2018 Synergy TAS PLT.


THE GARDENS, MID VALLEY CITY, KUALA LUMPUR SST 2018 : PRACTICAL & EFFECTIVE IMPLEMENTATION OF SALES AND SERVICES TAX

This SST 2018 Seminar's seats are LIMITED and will be allocated based on first come first served basis.

INTRODUCTION Sales and Services Tax (SST) will take off on 1 September 2018, Businesses, Entrepreneurs, Professionals and Management Only LEFT with approximately ONE Month to Learn & Implement SST. This is an uphill task !

NEW SST 2018: WHAT TO EXPECT ?

WHILE OTHERS STRUGGLE TO LEARN UP ON NEW SST: YOU ARE NOT ONLY AWARE OF IT, YOU KNOW HOW IT WORKS AND VARIOUS RISK MANAGEMENT & MITIGATION STRATEGIES AT YOUR DISPOSAL

SALES AND SERVICES TAX (SST) 2018

STAY AHEAD OF THE CROWD

SPEAKER’S PROFILE

As the SST is to be tabled in the Parliamentary sitting on 16 July 2018 it will be an enhanced version of the old Sales Tax Act 1972 & Service Tax Act 1975. As such we are equally excited to see what will be the final Tax Rate, Taxable Period, scope of coverage and the Tax Compliance needed. While the SST tax rate may varies depending on industries. However it shall still remain a business cost to company.

DR CHOONG KWAI FATT is the expert in Tax Planning for Companies and Individuals. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia.

Malaysia’s OLD SST model is nearly 50 years old. It is important to note that the SST collection in 2014 was RM17 billion; while the targeted collection from NEW SST is RM 30 billion. With the NEW SST being way higher than the OLD SST, NEW SST model is expected to have wider scope and upgraded to be more relevant to Malaysia’s current economic situation. It is believed to be a modernised reporting system too.

He has conducted and published extensive researches on tax way back since 2006. Dr Choong being an avid researcher, he has also studied Taxation System from various countries. Many of his works are quoted in Tax Cases.

THIS SST 2018 SEMINAR STANDS OUT! BECAUSE... To ease your adoption of SST, Dr Choong has designed this SST 2018 Seminar with the following Objectives in mind : Highly Practical and ease of Quick Implementation ; 2 Focus on indicating Potential Pitfalls & Solutions; 3 Breakdown and Structured the Content to be Easily Digestible be it for the Tax Professionals, also Business Owners and Accounting Personnel; and 4 Incorporate Practical Tax Planning. 1

TIME IS TIGHT : THESE ARE THE AREAS YOU NEED TO FOCUS ON ! The time for Learning and Implementation is TIGHT, this SST 2018 Seminar by Dr Choong is highly Practical & the FOCUS is on the following : Guidance urgently needed to address GST Transitional Issues; Comprehend not just the Concept and Methodology of NEW SST application, but also aim to MINIMISE its Business Risks & be Compliance; and 3 The Right Way to Incorporate NEW SST into the Accounting System (including the Accounting Set Up and Entries) & Record Keeping. 1 2

FACE NEW SALES & SERVICES TAX 2018 CONFIDENTLY ! C O P Y R I G H T ( C ) 2 0 1 8 S Y N E R G Y T A S P L T.

He is also widely known for his ability to formulate the “unthinkable” strategies and clearly thought of implementation plan. He is constantly sought by many listed companies as well as high net worth individual and SME for his practical and impressive strategy as to corporate restructuring and of course, his foresight into the potential Sales and Services Tax concerns. He is the expert of experts in terms of Tax Planning and Corporate Restructuring, where he provides advice and personally trained corporate accountants, professional firms, company secretary and legal advisors on SST, corporate restructuring, Income Tax, Tax Audit, RPGT and GST implementation. Get ready to take good notes when you attend this NEW SST 2018

DR CHOONG KWAI FATT B.Acc(Hons)(Malaya),LL.B(Hons)(London), CLP, MCL(IIUM),PhD(IIUM), FCCA(UK), CPA(M), CA(M), ACA(ICAEW), CA(Aust.),CPA(Aust.), CGA(Can), FCCS. TAX CONSULTANT, ADVOCATE AND SOLICITOR (HIGH COURT OF MALAYA)


THE SCOPE AND CONTENTS FOR SST 2018 INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

+ NEW SST Model and its Application – Professional Service Providers, Manufacturing, Service Industry + Core Understanding of what is covered in NEW SST: + What is the Duration for each Taxable Period?

THINGS THAT BUSINESSES NEED TO BE PREPARED FOR NOW While waiting for the NEW SST model to be revealed in July, there are several things that businesses should start preparing: ENT CASH FLOW MANAGEM is important to Cash flow management needs and the ensure it can meet SST ry. Analysis of holding cost of invento tory the debtors aging, inven riod is needed pe s’ movement, creditor ormed business now for a better and inf nting NEW SST decision when impleme . in such a tight time span

GST AUDIT Do note that Dr Choong is of the view that GST Audit w ould be carrying out before the GST Registrants mov e on to SST regime. D o ensure you ke ep records and supp orting documen ts applicable for 7 years even thou gh the GST Act 2014 is to be repealed and replaced w ith the likely SST Act 2018.

Malaysia’s NEW Sales & Services Tax 2018

+ Penalties and Offences – such as Late Payment and Incorrect Return Submission * Clearly know what are the Penalties and Ways to avoid them + Consequential Action you need to do as a result of NEW SST – Setting up the Right Accounting and Record Keeping System: * Accountability of NEW SST – the required Accounting Entries and Transactions * Deductibility of NEW SST * Refund of NEW SST - in relation to Export, Inventory Lost / Written Off * Invoice Format and Specimens * Credit Note / Debit Note

* Learn what are the transactions which will be caught in between pre and post implementation of NEW SST and what you should do about it? + NEW SST’s Scope of Coverage * Understand which type of businesses will fall under the ambit of NEW SST * What are the latest Tax Planning Strategies you can adopt and implement to mitigate the extra cost of running businesses arising from NEW SST. + Payment Procedures * Checklist to understand which part of the transaction will be taxed; and * When to collect and make payment for NEW SST? – a Cashflow Concern + NEW SST Return Compliance * The submission of NEW SST Return; * What are the foreseeable challenges to remain in compliance & its suggested solutions?

+ SST Audit and Appeal * Know what to avoid, what are the things needed to be in place and how to appeal? + SST Exemption and Relief – Who is entitled? How to get them? When to apply and its foreseeable challenges & array of solutions? + GST Transitional Concerns : * Proactive Business Decisions on GST Transition; * GST implications from 6% to 0% especially on services spanning before and after 1 June 2018; and * GST Appeal, Review and Remission – What are the Secret Areas that you should be aware of? + …and many more…

More content will be added as changes from announcement, gazettd Orders, and Guidelines that are to be issued prior to event date.

Burning Questions: Participants of this seminar is given

Dr Choong will provide answer promptly

(a) pre-seminar support through submission of 3 questions; and

to participants to address your concerns,

(b) post-seminar support through submission of 3 questions.

highlighting the vital points, giving

As bonus content, Dr Choong is aware that the time available to learn and implement NEW SST is tight, as such each participant can submit 3 pre-seminar questions, where answers will be provided by Dr Choong to the participants even before the seminar commences, or to be shared during event, subject to availability of time. C O P Y R I G H T ( C ) 2 0 1 8 S Y N E R G Y T A S P L T.

= Hot topic

attention to the essential SST pointers to have in your company’s system while waiting for the NEW SST Bill which is expected to be made available on around 28 July 2018.


PROGRAM TIMELINE

15 AUGUST 2018, WEDNESDAY (The Gardens, Mid Valley, KL)

The estimated timeline for SST 2018

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

8.30 AM

+ NEW SST Model and its Application + What is the Duration for each Taxable Period? + NEW SST’s Scope of Coverage

9.00 AM

+ Checklist to understand which part of the transaction will be taxed 10.15 AM

+ When to collect and make payment for NEW SST – a Cashflow Concern

TEA BREAK

(SUMPTUOUS MEALS PROVIDED)

+ The submission of NEW SST Return + What are the foreseeable challenges to remain in compliance & its suggested solutions

10.30 AM

+ Penalties and Offences – such as Late Payment and Incorrect Return Submission 12.30 PM

+ Accountability of NEW SST – the required Accounting Entries and Transactions + Deductibility of NEW SST + Refund of NEW SST - in relation to Export, Inventory Lost / Written Off + Invoice Format and Specimens + Credit Note / Debit Note

LUNCH

(SUMPTUOUS MEAL PROVIDED)

1.30 PM

+ SST Audit and Appeal 3.00 PM TEA BREAK

(SUMPTUOUS MEALS PROVIDED)

+ SST Exemption and Relief + Proactive Business Decisions on GST Transition + GST implications from 6% to 0%

3.15 PM

+ GST Appeal, Review and Remission

Q & A Session

Presenting the Professional Solutions in Sales and Services Tax (SST) PLT. RI IGGHHTT ( (C) (CC) )2015 GYY TTAASS PPLLT.T. CCOOPPYYRCopyright 220011Synergy 88 SSYYNNTAS EERRG

End of live event

5.00 PM 7.00 PM

Note : Speaker is committed to high quality of presentation and insists that all materials are covered. Therefore the schedule may vary.


PRICING

Register online by using the following link : www.synergytas.com/SST2018

Choose the right rate for you.***

HRDF claimable

Want to attend the seminar at its lowest price ? Register in group of 3 or more participants in one registration to get additional discount.

*

* Subject to employer’s application to PSMB.

FROM 25 JULY 2018 ONWARDS THE FULL FEE IS RM 1,388+ PER PAX.

1 - 2 pax

3- 4 pax

5 & more

Registered by 25 July 2018

RM 1,188+ per pax

RM 1,088+ per pax

RM 988+ per pax

Register after 25 July 2018

RM 1,388+ per pax

RM 1,288+ per pax

RM 1,188+ per pax

WITH GROUP REGISTRATION DISCOUNT OF RM 100 AND RM 200 RESPECTIVELY STILL APPLICABLE FOR GROUP REGISTRATION.

Register

Register

Register

***The fee shown is subject to 0% GST EARLY BIRD DISCOUNT ? 2018 to Register early by 25 July RM 200 off. al ition add to f entitle yoursel

more, entitled yourself ^^ By registering five or to additional RM 200 off

Enjoys RM 400 off as Early Bird Discount when you registered by 25 July 2018. Here’s how the math works : RM 1,388- RM 200 Early Bird Discount = RM 1,188+. *****

By registering three or more participants enjoy an additional discount RM 200 off from Early Bird price .

By registering five or more participants enjoy an additional discount of RM 200 off from Early Bird price.

Here’s how the math works : RM 1,388- RM 200 Early Bird Discount - RM 100 Group Registration Discount = RM 1,088+.

Here’s how the math works : RM 1,388 - RM 200 Early Bird Discount - RM 200 Group Registration Discount = RM 988+.

This price is valid until 25 July 2018.

This price is valid until 25 July 2018.

*****

*****

VENUE The seminar will be held in Ballroom, Level 5, The Gardens Hotel, Mid Valley City. Within the vicinity of one of Kuala Lumpur’s most popular shopping mall, it is ideal for outstation participants to bring along family to spend a weekend in Mid Valley City after attending seminar. Park in Zone B, Zone U or Premier parking zone which normally has adequate parking available or utilize the hotel valet option which is reasonably priced for all hotel guests. Flat rate of RM 5 per entry with validation for parking in Zone B, U or Premier parking zone. Synergy TAS PLT Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor (+6016) 302 6109 ; (+6016) 328 6312 event@synergytas.com C O P Y (C) R I G2018 H T ( SYNERGY C ) 2 0 1 8 TAS S Y NPLT. E R G Y T A S P L T. COPYRIGHT

IDEAS ARE THE BEGINING POINTS OF ALL FORTUNES.

UNDERSTAND THE MALAYSIA SALES AND SERVICES TAX (SST) 2018 IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on Event Day !


Online version of this form can be access vide this link : www.synergytas.com/SST2018

SST 2018 :

PRACTICAL AND EFFECTIVE IMPLEMENTATION OF SALES AND SERVICES TAX

Fee based on number of registered participant. * Price quoted is valid until 25.7.2018 & subject to 0% GST.

Tick

to indicate your category of fee.

1 - 2 Participant(s)

*RM1,188+ per participant *RM 1,088+ per participant

(After RM 100 group discount per participant)

5 or More Participants

* Please Fill In BLOCK LETTER using BLACK or BLUE Pen

*RM 988+ per participant

Participant 1

(After RM 200 group discount per participant)

Require Vegetarian Meal

Live Event

Certificate of Attendance will be printed according to this name.

Designation

15 AUGUST 2018 (Wednesday)

Time

9.00 AM to 7.00 PM

Participant 2 Name (Mr / Mrs / Ms)

Online Form at www.synergytas.com/SST2018 or, Email : event@synergytas.com Just scan this form and email to register for seat(s). Thereafter upon payment, please scan and email the deposit slip to event@synergytas.com .

Mobile Tel Require Vegetarian Meal

Email

How do you know about this event?

Mobile Tel

Certificate of Attendance will be printed according to this name.

Billing to Company Address

Designation

Participant 4 Name (Mr / Mrs / Ms)

THE GARDENS, MID VALLEY CITY, KUALA LUMPUR.

Simple way to register

Email

Certificate of Attendance will be printed according to this name.

Location

Require Vegetarian Meal

Designation

Particiant 3 Name (Mr / Mrs / Ms)

10 CPD

Date

Email Mobile Tel

Certificate of Attendance will be printed according to this name.

(Normal Price: RM 1,388+)

3 - 4 Participants

Most Important Malaysia SST Course of the year.

Name (Mr / Mrs / Ms)

Register before 25 July to enjoy Early Bird Discount

Email

Words of mouth

Postcard

From Synergy TAS Website

SMS/ WhatsApp

Other:

Require Vegetarian Meal

Nature of Business Construction Manufacturing Consultancy

(Vital information for Speaker to take into account in the preparation of seminar material)

Management Developer Investment Holding Company Audit

Real Estate

Health

Trading Education Logistics Legal Tax Agent Company Secretary Services Retail Financial Services

Other:

Designation

Products and Services

Email Mobile Tel

Tel

Participant 5 Name (Mr / Mrs / Ms)

Contact Person

Certificate of Attendance will be printed according to this name.

Require Vegetarian Meal

e.g. Plastic Producing, Buy Land and Develop, Investment Holding Company, Medical Devices, Chemicals, Waste Products, Diesel, IT, etc.

Email Remark

Designation Email Mobile Tel

Please make payment to : "SYNERGY TAS PLT" ( CIMB : 800 707 1544 ) either through bank transfer or bank in cheque upon receiving Tax Invoice.

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : Subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discretion. |Seats are confirmed on payment made and on first come first served basis only. Discount,if any, is only applicable if payment is made within the time specified in Tax Invoice, failure to comply will result in the cancellation of discount and subject to the prevailing price. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it REF: 20180711HC into another website or other service any of our material, content or intellectual property.

Copyright (C) 2018 Synergy TAS PLT.

SST 2018 Brochure 15th August 2018  

Sales and Services Tax Act 2018, Malaysia, Dr Choong Kwai Fatt, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, Kwai Fat...

SST 2018 Brochure 15th August 2018  

Sales and Services Tax Act 2018, Malaysia, Dr Choong Kwai Fatt, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, Kwai Fat...

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