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TA X A U D I T 2018

X A T T I D U A 8 1 0 2

10 & 1 1 A P R I L 20 1 8 ( Tu es . & We d . )

AND E T E L P COM , S T N S E O I T T A U L L L SO A N O I S ONE D E B PROFES O S T D E E N T TO W H A SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 20 CPD | THE GARDENS HOTEL, KL |

TAX AUDIT

2018

MIA

APPROVED CPE : 16 CPE |

BAR COUNCIL

APPROVED CPD : 10 CPD

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.


TAX AUDIT 2018

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

THE GARDENS, MID VALLEY CITY, KUALA LUMPUR TAX AUDIT 2018 : LATEST, COMPLETE AND PROFESSIONAL SOLUTIONS TO WHAT NEEDS TO BE DONE

INTRODUCTION In 2017 Inland Revenue Board (IRB) prioritised tax audit. The most probable purpose is to close the annual tax gap of 20% arising from hidden economy. From 1.1.2018 onwards, IRB will impose 100% penalty on tax undercharged on incorrect return.

STAY AHEAD OF THE CROWD

SPEAKER’S PROFILE

TAXPAYER UNABLE TO SHOW “GENUINE BUSINESS INTENT” When taxpayer charged under incorrect return (s 113(2) of Income Tax Act 1967), bona fide, aka good faith, is NOT available as a Defence. This legal principle was affirmed by recent Court of Appeal cases. This would mean that in order to mitigate penalty imposed, taxpayers MUST PROVE Genuine Business Intent. To prove Genuine Business Intent is an uphill task as can be seen in recent cases. This is especially so in Malaysia’s context. Majority of Tax and Accounting Personnel do not know WHAT are the Right Documentations to show a “Genuine Business Intent”.

ONLY LEFT WITH APPEAL TO SPECIAL COMMISSIONERS OF INCOME TAX Taxpayer is now left with the appeal to Special Commissioners of Income Tax (SCIT) as the ONLY remedy. Documentation, Stamped Agreement, Creditability of Witnesses become the winning points in tax appeal. Unfortunately these are often lacking in most companies. What taxpayers need is an overhaul of the Accounting and Record Keeping System. If you are Business Owner, Directors, Accountants, Tax Agents or Legal Advisor involved in advising or overseeing the record keeping for companies, this seminar is a Must-Attend for you.

UTILISE REAL CASE PRECEDENT AND CASE STUDIES APPROACH The vital aim of this Malaysia Tax Audit 2018 seminar is to highlight to Legal, Tax and Accounting Professionals what the New Tax Audit’s foreseeable Challenges are and the Professional Solutions that needs to be carried out. Tax Audit 2018. Empower You the Latest, Complete and Professional Solutions to What Needs to be Done!

FACE TAX AUDIT 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.

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. 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. 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 Tax Audit 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 corporate restructuring, Income Tax, Tax Audit, RPGT and GST implementation. Get ready to take good notes when you attend this Company Law with Tax Planning seminar.

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 2 DAYS INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

DAY TWO :

DAY ONE : + Tax Audit Framework 2017 – The crucial points that must be aware of + Incorrect Return – How far and wide is the coverage?

+ Responsibility to pay outstanding tax and penalty jointly and severally on: * Managing Directors, CEOs and CFOs; * Director cum Shareholders (> 20% holding) - Understand how it works and how to avoid this completely.

+ Mitigation Factors and Commercial Defences available to mitigate incorrect return penalty of 100%

PREPARE FOR TAX AUDIT Dr Choong will show you what the right preparation is needed. It will also present the latest strategies to Reduce Penalty and safeguard shareholders and management against avoidable Financial Risks. Real and Valuable Lessons can be learnt from case precedent, especially of those from the Special Commissioners level. Dr Choong will present pragmatic solutions using case studies approach during this 2 Days Malaysia Tax Audit 2018 seminar. This seminar will better illustrate the challenges and expedite the preparation for Tax Audit Documentation. The case studies and case precedent approaches are the first of its kind in understanding not only how to face, but also how to deal with them in the preparation for Tax Audit.

= Hot topic Malaysia’s TAX AUDIT strategies

+ A complete examination of selected 20 must-know latest leading cases of SCIT and recent Malaysia Court’s decisions

+ Tax Audit Cycle and Completion – What are the typical timeline and procedures? + Negotiation, Explanation and Settlement with IRB – How to assess how much is the “right amount”? + Appeal to SCIT – What are the Challenges and Solutions?

+ Clear understanding of Offences and Penalties available under the Income Tax Act 1967 – the difference and which penalty you should aim for or to avoid in Tax Audit

+ Practical Approach to file Notice of Appeal (Form Q) – the when, why and how-to?

+ Variety of Penalties for: * Not Furnishing Tax Return * Continuing Default of Non-Submitting Return for 2 years or more * Not providing the correct particulars * Constant and regular changes in Business Code

+ What if IRB’s decision to liquidate the company and bankrupt a taxpayer – What can you do about it and what are the remedies made available?

+ The right checklist of MUST HAVE Documentations to prepare for the expected Malaysia Tax Audit

+ The impact of Court of Appeal’s case in Syarikat Ibraco – Where Tax Planning ended up as being charged incorrect return. What are the lessons that can be learnt and the alternative approaches that can be taken?

+ Travel restriction on Director for Non-Payment of Tax – When and to what extend would this applies?

+ Taxpayer’s AVAILABLE Strategies to prevent IRB’s actions – Is it still relevant by compounding the offences and its applications?

+ The IRB’s latest practice and updates on approaches – This is a must-know for all

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

Each participant is

Burning Ques ti

ons:

given the option to submit 3 Questions Tax Audit that curre of contentious iss ues related to ntly or possibly fac ed by your compan y. Send in 3 Burning Questions 10 worki ng days prior to th will be treated in e event, all informa private and confide tion submitted nti al; all Questions wi manner; and Prag ll be presented in matic solutions wo an anonymous uld be shared by Dr 2018 seminar as pa Choong during th rt of the seminar e 2 Days Tax Audit content. Participants would be given post semi nar support up to Questions after th 30 September 2018 e seminar on the to post 2 company’s issues in relation to Tax Audit to Dr Choong . 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.


PROGRAM TIMELINE

Day One: 10 APRIL 2018 TUESDAY (The Gardens, Mid Valley, KL)

The estimated timeline for Tax Audit 2018

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

8.30 AM

+ Tax Audit Framework 2017 – The crucial points

that must be aware of + Incorrect Return – How far and wide is the

9.00 AM

coverage? + Mitigation Factors and Commercial Defences

available to mitigate incorrect return penalty of 100% 10.15 AM TEA BREAK

+ A Complete Examination of selected 20 must-know latest leading cases of SCIT and recent Malaysia

Court’s decisions

(SUMPTUOUS MEALS PROVIDED)

10.30 AM

+ Clear understanding of Offences and Penalties available under the Income Tax Act 1967 – the difference and which penalty

you should aim for or to avoid in Tax Audit 12.30 PM LUNCH

(SUMPTUOUS MEAL PROVIDED)

+ Variety of Penalties for: * Not Furnishing Tax Return * Continuing Default of Non-Submitting

*

1.30 PM

Return for 2 years or more Not providing the correct particulars * Constant and regular changes in Business Code 3.00 PM TEA BREAK

+ The right checklist of MUST HAVE

(SUMPTUOUS MEALS PROVIDED)

Documentations to prepare for the expected Malaysia Tax Audit + Travel restriction on Director for Non-Payment of Tax –

3.15 PM

When and to what extend would this applies?

Q & A Session End of live event

Presenting the Professional Solutions in Tax Audit 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.

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.


PROGRAM TIMELINE

Day Two: 11 APRIL 2018 WEDNESDAY (The Gardens, Mid Valley, KL)

The estimated timeline for Tax Audit 2018

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

8.30 AM

+ Responsibility to pay outstanding tax and *

penalty jointly and severally on: Managing Directors, CEOs and CFOs; *

Director cum Shareholders

9.00 AM

+ Tax Audit Cycle and Completion – What are the

typical timeline and procedures? 10.15 AM TEA BREAK

+ Negotiation, Explanation and Settlement with IRB – How to assess how much is the “right amount”?

(SUMPTUOUS MEALS PROVIDED)

10.30 AM

+ Appeal to SCIT – What are the Challenges and Solutions? + Practical Approach to file Notice of Appeal (Form Q) – the

when, why and how-to? 12.30 PM LUNCH

+ What if IRB’s decision to liquidate the company and

bankrupt a taxpayer – What can you do about it and what are the remedies made available?

(SUMPTUOUS MEAL PROVIDED)

1.30 PM

+ Taxpayer’s AVAILABLE Strategies to prevent IRB’s

actions – Is it still relevant by compounding the offences and its applications? 3.00 PM

+ The impact of Court of Appeal’s case in Syarikat

TEA BREAK

Ibraco – Where Tax Planning ended up as being charged incorrect return. What are the lessons that can be learnt and the alternative approaches that can be taken?

(SUMPTUOUS MEALS PROVIDED)

3.15 PM

+ The IRB’s latest practice and updates on approaches –

This is a must-know for all Q & A Session End of live event

Presenting the Professional Solutions in Tax Audit C O P YCopyright R I G H T (C) ( C )2015 2 0 1Synergy 8 S Y NTAS E RPLT. G Y T A S P L T.

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/TaxAudit2018

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 9 MARCH 2018 ONWARDS THE FULL FEE IS RM 2,776+ FOR TWO DAYS.

1 - 2 pax

3- 4 pax

5 & more

Registered by 9 March 2018

RM 2,376+ for two days

RM 2,176+ for two days

RM 1,976+ for two days

Register after 9 March 2018

RM 2,776+ for two days

RM 2,576+ for two days

RM 2,376+ for two days

WITH GROUP REGISTRATION DISCOUNT OF RM 200 AND RM 400 RESPECTIVELY STILL APPLICABLE FOR GROUP REGISTRATION

Register

Register

Register

***The fee shown is subject to 6% GST EARLY BIRD DISCOUNT ? 2018 to Register early by 9 March 400 off. RM al ition add to f entitle yoursel

more, entitled yourself ^^ By registering five or to additional RM 400 off

Enjoys RM 400 off as Early Bird Discount when you registered by 9 March 2018. Here’s how the math works : RM 2,776- RM 400 Early Bird Discount = RM 2,376+. *****

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 400 off from early bird price.

Here’s how the math works : RM 2,776- RM 400 Early Bird Discount - RM 200 Group Registration Discount = RM 2,176+.

Here’s how the math works : RM 2,776 - RM 400 Early Bird Discount - RM 400 Group Registration Discount = RM 1,976+.

This price is valid until 9 March 2018.

This price is valid until 9 March 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 prior to 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 TAX AUDIT 2018 IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on Event Day !


TAX AUDIT 2018 :

LATEST, COMPLETE AND PROFESSIONAL SOLUTIONS TO WHAT NEEDS TO BE DONE

Online version of this form can be access vide this link :

www.synergytas.com/TaxAudit2018 Fee based on number of registered participant. * Price quoted is subject to 6% GST.

Tick

to indicate your category of fee.

1 - 2 Participant(s)

RM2,776+ per participant for two days

3 - 4 Participants

Most Important Malaysia Tax Audit Course of the year.

RM 2,576+ per participant for two days (After RM 200 group discount per participant)

5 or More Participants

* Please Fill In BLOCK LETTER using BLACK or BLUE Pen

RM 2,376+ per participant for two days

Participant 1 Name (Mr / Mrs / Ms)

(After RM 400 group discount per participant)

Require Vegetarian Meal

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9.00 AM to 7.00 PM DAILY

Online Form at www.synergytas.com/TaxAudit2018 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 .

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THE GARDENS, MID VALLEY CITY, KUALA LUMPUR.

Simple way to register

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Bar Council

Approved CPD: 10 CPD

10 & 11 APRIL 2018 (Tues. & Wed.)

Participant 2 Name (Mr / Mrs / Ms)

MIA

Approved CPE: 16 CPE

Date

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20 CPD

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From Synergy TAS Website

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(Vital information for Speaker to take into account in the preparation of seminar material) Management Developer Trading Education Logistics Investment Holding Company Legal Tax Agent Company Secretary Services Audit Real Estate Health Retail Financial Services

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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 into another website or other service any of our material, content or intellectual property. REF: 20180310HC

COPYRIGHT (C) 2018 SYNERGY COPYRIGHT (C) 2018 SYNERGY TAS TAS PLT.PLT.

Tax Audit 2018 Brochure  

Malaysia Tax Audit 2018, Get the Right Documentation for IRB Tax Audit, Dr Choong Kwai Fatt, Income Tax

Tax Audit 2018 Brochure  

Malaysia Tax Audit 2018, Get the Right Documentation for IRB Tax Audit, Dr Choong Kwai Fatt, Income Tax

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