Budget 2016 Kuala Lumpur 28 & 29 October 2015 Brochure

BUDGET 2016 28 & 29 October 2015

BUDGET 2016 :

INCOME TAX | RPGT | GST

LATEST UPDATE AND TAX PLANNING SPEAKER | DR CHOONG KWAI FATT

BUDGET 2016

| HRDF CLAIMABLE * | 10 CPD PER DAY |

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 certiďŹ cate 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 reserve 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 : is subject to approval by PSMB . | 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) 2015 Synergy TAS PLT.

BUDGET 2016 THE GARDENS, MID VALLEY CITY, KUALA LUMPUR CRAFT YOUR 2015 & 2016 TAX PLANNING WITH BUDGET 2016!

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WHILE OTHERS STRUGGLE TO LEARN UP ON GST: YOU ARE NOT ONLY AWARE OF THE GST, YOU ALSO KNOW HOW RPGT & INCOME TAX UPDATES AND VARIOUS TAX PLANNING IDEAS AT YOUR DISPOSAL

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STAY AHEAD OF THE CROWD

INTRODUCTION Budget 2016 is due to be announced on 23 October 2015. This year will focus on the major updates on Income Tax & RPGT. The goods and services tax (GST), with its first year of implementation, Budget 2016 will fill up the various gap created by GST, with changes from Income Tax and RPGT .

GET READY FOR YOUR 2015 AND 2016 TAX FILINGS This Budget 2016 will stand out due to extensive Tax Planning and the complete and Extensive Updates needed for your 2015 and 2016 tax filings.

With the heat of GST last year, lots of us have in fact missed out on many of the major updates on Income Tax and RPGT. The year 2015 continues to see the proactive of Inland Revenue Board in crafting tax audit framework, tax investigation framework, penalties structure, revised tax compliance procedure which will be extensively discussed and analysed its impact.

Welcoming the implementation of GST, tremendous changes in income tax, real property gains tax, tax incentives and stamp duty were introduced.

REALLY REQUIRE TWO DAYS TO CONDUCT BUDGET 2016 With the amount of work involved and done, Dr Choong will require two days of duration to conduct this round of Budget 2016.

Volumes of updates and part of the tax planning are required to get yourself update and to absorb the tax planning strategies and tax updates.

SPEAKER’S PROFILE DR CHOONG KWAI FATT is the pioneer in GST formation and implementation. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia, inclusive of the formulation of GST. He has conducted and published an extensive research on GST way back since 2006. Dr Choong being an avid researcher, he has also studied GST system from various countries.

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 to GST implementation and of course, his foresight into the potential GST concerns.

He is the expert of experts in terms of GST & tax planning, where he provided advice and personally trained corporate accountants and professional firms on income tax, RPGT and GST implementation. Get ready to take good notes when you attend his GST planning seminars.

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)

Copyright (C) 2015 Synergy TAS PLT.

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING: PART B:

PART A: Topics included but not limited to: + Tax planning on companies

+ Incentive optimisation with the corporate structure + Real property gains tax amendments and way forward MAXIMISE ON TAX PLANNING

+ Stamp duty changes and its impact

+ Consignment with invoicing – the time of supply, output tax on commission or gross profit

+ Tax planning for directors on its Dr Choong expects there will be a great revamp and significant announcement on companies, individuals, trust, Labuan companies, the tax planning opportunity should not be missed.

It is reasonable to predict that tax incentive on innovative and services sectors will be provided. In addition to income tax incentives for agriculture and manufacturing companies.

Despite the current plunge of economy since implementation of GST, it would improve gradually, coupled with the government support on fiscal policy should be capitalised and optimised.

Failing which companies will drop out in terms of competitiveness.

= Hot topic

remuneration package

+ Self billed invoice – the pros and cons

+ Employee benefits incorporating GST impact The year 2015 continues saw the proactive of Inland Revenue Board in crafting tax audit framework, tax investigation framework, penalties structure, revised tax compliance procedure which will be extensively discussed and analysed its impact.

Welcoming the implementation of GST, tremendous changes in income tax, real property gains tax, tax incentives and stamp duty were introduced.

+ Sharing of rental, insurance commission, electricity and telephone bills – using tax invoice or not, with profit margin or not + Export services – 0% or 6% + Director liabilities – must undertaking letter by shareholder necessary in the case of tax recovery

by Customs

+ Panel decision – to what extent it is binding + Transitional issues – a revisit for completeness + Rental income and its related issues – market

In addition the Federal Court and Court of Appeal has redefined jurisdiction of the law in relation to following matters:

value, transfer pricing, the necessity of agreement

+ Tax avoidance scheme – do and don’ts

+ Service industry – when is the actual time of

+ Double taxation agreement as a mean to

Malaysia’s Taxation System

GST is transaction based and never easy to be comprehended. It must be guided by tax specialist and expose with many scenario and circumstances. This can only be done through extensive case study, sharing of skills and also hard work. This is a workshop that are comprehensive and complete governing manufacturing, trading, and service industry on the following topics:

supply to issue tax invoice

relief withholding tax

+ Bad debts – how bad is bad debts

+ Special classes of income, s4A – responsibility and obligation

+ Incentive scheme, cash rebate, cash discount, sponsorship – GST or no GST

+ Plant for capital allowances purpose

+ Goods returned to supplier – debit note or must insist credit note

+ Reinvestment allowance redefined More content will be added as changes from gazettd order and guidelines provided in Budget 2016 announcement.

SPECIAL FEATURE :

INCORPORATE TRIO OF TAXATION : GST, INCOME TAX & RPGT.

Copyright (C) 2015 Synergy TAS PLT.

BURNING QUESTIONS : Personal tax risk and issues within your industry will be addressed via the content presented & during Q & A session of your queries to us (limited to two questions per participant).

PROGRAM TIMELINE

Day One 28 OCTOBER 2015 (Kuala Lumpur)

The estimated timeline for Budget 2016

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

+ Tax planning on companies + Real property gains tax amendments and way forward + Incentive optimisation with the corporate structure

8.30 AM

9.00 AM

10.15 AM BREAK (SNACKS PROVIDED) Stamp duty changes and its impact

10.30 AM

+ Tax planning for directors on its remuneration package + Employee benefits incorporating GST impact

12.30 PM LUNCH (MEAL PROVIDED) Tax avoidance scheme – the dos and don’ts

1.30 PM

Double taxation agreement as a mean to relief withholding tax Special classes of income, s4A – responsibility and obligation

3.00 PM BREAK (SNACKS PROVIDED)

Plant for capital allowances purpose

3.15 PM

Reinvestment allowance redefined

Q & A Session End of live event

Presenting the big idea in tax planning.

Copyright (C) 2015 Synergy TAS PLT.

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 29 OCTOBER 2015 (Kuala Lumpur)

The estimated timeline for Budget 2016

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

+ Consignment with invoicing + the time of supply, output tax on commission or gross profit + Self billed invoice – the pros and cons

8.30 AM

9.00 AM

+ Sharing of rental, insurance commission, electricity and telephone bills + Using tax invoice or not, with profit margin or not 10.15 AM BREAK (SNACKS PROVIDED)

+ Export services – 0% or 6% Director liabilities + must undertaking letter by shareholder necessary in the case of tax recovery by Customs

10.30 AM

Panel decision + to what extent it is binding 12.30 PM LUNCH (MEAL PROVIDED)

Transitional issues + a revisit for completeness Rental income and its related issues + market value, transfer pricing, the necessity of agreement

1.30 PM

Service industry

+ when is the actual time of supply to issue tax invoice

3.00 PM BREAK (SNACKS PROVIDED) Bad debts how bad is bad debts + Incentive scheme, cash rebate, cash discount, sponsorship – GST or no GST

3.15 PM

+ Goods returned to supplier – debit note or must insist credit note Q & A Session End of live event

Presenting the big idea in tax planning.

Copyright (C) 2015 Synergy TAS PLT.

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/budget2016

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. As at time of publication of this brochure HRDF limit the amount claimable per participant to RM1,300 per day.

FROM 4 SEPTEMBER 2015 ONWARDS THE FULL FEE IS RM 2,960. WITH GROUP REGISTRATION DISCOUNT OF RM 200

3- 4 pax

1 - 2 pax

AND RM 400 RESPECTIVELY STILL

5 & more

APPLICABLE FOR GROUP REGISTRATION

Register by 4 September 2015

RM 2,660 for two days

RM 2,460 for two days

RM 2,260 for two days

Register after 4 September 2015

RM 2,960 for two days

RM 2,760 for two days

RM 2,560 for two days

Register

Register

Register

***The fee shown is subject to 6% GST from 1.8.2015 onwards EARLY BIRD DISCOUNT ? ber to Register early by 4 Septem 300 off.

RM al ition add to f entitle yoursel

Enjoys RM 300 off as early bird discount when you register by 4 September 2015.

By registering three or more participants enjoy an additional RM 200 off from early bird price .

*****

Here’s how the math works : RM 2,960 - RM 300 early bird discount -RM 200 group registration discount = RM 2,460.

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

By registering five or more participants enjoy an additional discount of RM 200 off .

Here’s how the math works : RM 2,960 - RM 300 early bird discount - RM 400 group registration discount = RM 2,260.

This price is valid until 4 September 2015.

This price is valid until 4 September 2015. *****

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 followed by attending seminar on Monday.

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 (016) 302 6109 ; (016) 328 6312 event@synergytas.com Copyright (C) 2015 Synergy TAS PLT.

IDEAS ARE THE BEGINING POINTS OF ALL FORTUNES. GET YOUR TAX PLANNING IDEA IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on 28 & 29 OCTOBER 2015

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

BUDGET 2016 : INCOME TAX | RPGT | GST LATEST UPDATE AND TAX PLANNING

www.synergytas.com/budget2016 Fee based on number of registered participant. * Price quoted is valid unti 4 September 2015 & subject to 6% GST from 1.8.2015 onwards.

Tick

1 - 2 Participant(s) *RM2,660 per participants for two days (After RM 300 early bird discount)

3 - 4 Participants

Most important tax planning event of the year.

*RM 2,460 per participant for two days (After RM 300 early bird discount & RM 200 group discount per participant)

Participant 1 Name (Mr / Mrs / Ms)

to indicate your category of fee.

5 or More Participants Require Vegetarian Meal

*RM 2,260 per participant for two days (After RM 300 early bird discount & RM 400 group discount per participant)

Designation

Live Event

Email Mobile Tel

Date

Participant 2 Name (Mr / Mrs / Ms)

10 CPD per day

28 & 29 OCTOBER 2015 Require Vegetarian Meal

Time

9.00 AM to 7.00 PM Daily

Location

Designation

THE GARDENS, KUALA LUMPUR

Email Mobile Tel

Simple way to register

Particiant 3 Name (Mr / Mrs / Ms)

Require Vegetarian Meal

Designation

Online Form at www.synergytas.com/budget2016 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 .

Billing to

Email

Company

Mobile Tel Participant 4 Name (Mr / Mrs / Ms)

Require Vegetarian Meal

Address

Designation

Tel

Email

Contact Person

Mobile Tel

Email

Participant 5 Name (Mr / Mrs / Ms)

Require Vegetarian Meal

Remark

Designation Email Mobile Tel

Please make payment to : "SYNERGY TAS PLT" ( CIMB : 800 707 1544 ) either through bank transfer or bank in cheque prior to the event.

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 certiďŹ cate 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 reserve 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 : is subject to approval by HRDF. | 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. (c) Synergy TAS PLT 2015 REF: 20150721TLL Copyright (C) 2015 Synergy TAS PLT.