Brochure GST Advanced Kuala Lumpur January 2015 by Synergy TAS

GST PLANNING

GST PLANNING ON

REGISTRATION, TRANSITIONAL PERIOD, IMPLEMENTATION, GROUP STRUCTURES AND RELATED RISK (GST ADVANCED LEVEL) SPEAKER | DR CHOONG KWAI FATT| HRDF CLAIMABLE * | 10 CPD |

JANUARY 2015 KUALA LUMPUR

GST ADVANCED

Terms and CondiƟons | CancellaƟon Policy: No refund will be made a er the registra on form being submi ed. If the registered par cipant is unable to a end, a subs tute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the cer ficate of a endance to that other than that shown on the registra on form, RM 100 extra will be charged. The organiser reserves the right to refuse service. The organiser reserve the right to change event date and venue, with no ce being sent vide the email registered above. HRDF Claimable : is subject to approval by HRDF. You may not, without our prior wri en 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 2014

GST ADVANCED KUALA LUMPUR

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WHILE OTHERS STRUGGLE TO LEARN UP ON GST RISK: YOU ARE NOT ONLY AWARE OF THE RISK, YOU ALSO HAVE SOLUTIONS AND VARIOUS

GST PLANNING IDEAS AT YOUR DISPOSAL

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STAY AHEAD OF THE CROWD INTRODUCTION The goods and services tax (GST) is opera onal eﬀec ve on 1 April 2015, which will be approximately 10 months away from now. The Malaysian GST model is business friendly, broad consump on based which leads to stable and constant revenue collec on for the government to restore the federal surplus

COST HIKE IS NOT SOLELY DUE TO GST’S INPUT TAX The GST in its ini al years will increase the cost of doing business in most industry. The increased costs will be mainly on so ware acquisi on, hardware upgrades, training of employees, recruitment of dedicated staffs to administer the GST opera on, documenta on and lastly, professional fees in support of this implementa on. In addi on, salaries, EPF, bonuses for engaging extra scarcity human capital for GST compliance, providing required training to these personnel will lead to efficient and effec ve growth of business. The acquisi on of hardware and modifica on of so ware to accommodate the claim of GST input tax and accountability for GST output tax, submission of GST returns, quarterly payment of GST to the government, keeping GST records for seven years, facilita ng GST audit to prepare for GST appeal, and being accountable for penal es where required are risks that cannot be ignored.

DUTY TO PAY DOES NOT ONLY LIE ON CONSUMER Although GST theore cally is paid by the consumer and collected by the business operator, failure to accommodate the GST well within the system will add to the GST cost, as it has to be prepaid to the government prior to sales on accrual basis. Worse yet, the cost may s ll be the responsibility of the business operator due to some specific circumstances as seen in industry that is designed as exempt supply.

SPEAKER’S PROFILE DR CHOONG KWAI FATT is the pioneer in GST forma on and implementa on. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia, inclusive of the formula on 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 implementa on plan. He is constantly sought by many listed companies as well as high net worth individual and SME for his prac cal and impressive strategy to GST implementa on and of course, his foresight into the poten al 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 incom tax, RPGT and GST implementa on. Get ready to take good notes when you a end 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 ΈHIGH COURT OF MALAYAΉ

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

LIFEBLOOD OF BUSINESS Έ"CASHFLOW"Ή IS AT STAKE Full comprehension of the GST mechanism will mi gate the GST risk. Failing to comprehend the concepts within GST model will result in unnecessary cash flow being ed down or even lost when stock is wri en oﬀ or lost or when products are given away during promo onal campaigns and through personal use. Original documenta on and relevant evidence must be retained for seven (7) years to claim GST refund or GST deduc on and to facilitate GST audit.

= Hot topic

Malaysia’s GST System

MODULE ONE | The BIG concept of "Supply"

MODULE THREE| Considera on on GST Scheme

+ The no ng point on the GST concept of “supply,” which is a concept dis nguished from sales or turnover that is used in exis ng sales tax and service tax + The issue on valua on and its mechanism

+ The pro and cons of “Approved Trader

MODULE TWO | Get the right tools and get your tools right

+ The hardware and so ware features to be noted to facilitate GST mechanisms and system processes that must dis nctly capture the following:

+ Input tax paid on raw materials + Input tax paid on direct u li es or other + +

+ + +

overhead costs used in manufacturing Output tax on invoices issued GST return, incorpora ng the relevant dates and data to facilitate input tax deduc on within credit system mechanism Goods excluded from input tax credit Time and place of supply GST invoice features

SPECIAL FEATURE : INCORPORATE EFFECT OF GST ON INCOME TAX & RPGT.

Scheme” + Whether manufacturing businesses should apply for approved “Toll Manufacturer Scheme” and/or “Warehousing Scheme” + “Flat rate scheme” and its limita on MODULE FOUR| Refund or not to refund

+ GST planning during transi onal period to claim or not to claim the special relief on sales tax + GST planning on refund—to apply or not to apply MODULE FIVE| Business structure

+ Transfer of business to new company + Appeal to convert exempt supply to zero rated and the mechanism involved + The advantage of having LLP within a group of companies for GST eﬃciency + The pro and cons on voluntary registra on GST planning on group registra on and the hidden tax risk + No ng point on various business vehicle on GST regime + GST as a going concern basis MODULE SIX| The "Carrot" and the "S ck"

+ Penal es and oﬀences – a detailed analysis + Business mi ga on plan for directors

More content will be added as changes from gazeƩd order and guidelines provided by Custom.

MALAYSIA’S UNIQUE GST SYSTEM me culously inar is the first of its kind. It will This advanced level of prac cal sem ch is diﬀerent of the Malaysian GST model, whi nism cha me c gma pra the lyse ana ia Boleh” ld, simply because of the “Malays from any other model in the wor spirit. tax risk within unreservedly reveal the hidden This is the only course that will in their c solu ons for business owners GST and provide alterna ve pragma respec ve industries.

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 quesƟons per parƟcipant).

PROGRAM TIMELINE

JANUARY 2015 (Kuala Lumpur)

The es mated meline for GST: Advanced. REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

The concept of "Supply"

8.30 AM

9.00 AM

The issue on valua on and its mechanism Hardware and So ware features to facilitate mechanisms and system processes

10.15 AM BREAK (SNACKS PROVIDED) Considera on on GST scheme The pros and cons of "Approved Trader Scheme"

10.30 AM

Whether manufacturing business should apply for approved "Toll Manufacturer Scheme" and/ or "Warehousing Scheme" "Flat rate scheme" and its limita on GST planning during transi onal period to claim or not to claim the special relief on sales tax

12.30 PM LUNCH (MEAL PROVIDED)

Transfer of business to new company Appeal to convert exempt supply to zero rated and the mechanism involved 1.30 PM The advantage of having LLP within a group of companies for GST eﬃciency The pros and cons on voluntary registra on GST planning on group registra on and the hidden tax risk No ng point on various business vehicle on GST regime GST as a going concern basis 3.00 PM BREAK (SNACKS PROVIDED)

Penal es and oﬀences – a detailed analysis

3.15 PM

Business mi ga on plan for directors Eﬀect of GST on income tax and RPGT

Q & A Session End of live event

Presen ng the big idea in GST planning.

5.00 PM 7.00 PM

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

PRICING

Choose the right rate for you. Want to a end the seminar at its lowest price ? Register in group of 3 or more par cipants in one registra on to get addi onal discount.

HRDF claimable

* Subject to employer’s applica on to PSMB. As at tme of publica on of this brochure HRDF limit the amount claimable per par cipant to RM1,300.

FROM 1 DECEMBER 2014 ONWARDS THE FULL FEE IS RM2,980. WITH GROUP REGISTRATION DISCOUNT OF RM100

3- 4 pax

1 - 2 pax

AND RM200 RESPECTIVELY STILL

5 & more

APPLICABLE FOR GROUP REGISTRATION

Professional firms Register by 1 December 2014

RM 2,580

RM 2,480

RM 2,380

RM 2,980

RM 2,880

RM 2,780

RM 2,280

RM 2,180

RM 2,080

RM 2,680

RM 2,580

RM 2,480

Enjoys RM 400 oﬀ as early bird discount when you register by 1 December 2014.

By registering three or more par cipants enjoy an addi onal RM 100 oﬀ from early bird price .

By registering five or more par cipants enjoy an addi onal discount of RM 200 oﬀ .

Commercial companies ^^

COUNT ? RICAL DIS COMME L enjoys IA C E ^ SP anies ^ ial comp unt of co Commerc is d l a al speci e addi on minar fe oﬀ the se t) . RM 300 r discoun e a is ed above (Fee stat refer to mpanies ercial co an th r e ^^ Comm th pany o any com such as s rm fi l a n professio t, tax agen auditor, sultant) n co g n accoun

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Here’s how the math works : Professionals : RM 2,980 - RM 400 early bird discount Here’s how the math works : Professionals : RM 2,980 - RM 400 early bird discount - RM 200 group registra on discount = RM2,380. -RM 100 group registra on discount = RM2,480. Commercial : This price is valid un l 1 December 2014. RM 2,380 - 300 = RM2,080. Commercial : This price is valid un l 31 July 2014. RM 2,480 - 300 = RM2,180. This price is valid un l 1 December 2014. This price is valid un l 1 December 2014. ***** *****

KUALA LUMPUR

SYNERGY TAS Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor (016) 302 6109 event@synergytas.com

IDEAS ARE THE BEGINING POINTS OF ALL FORTUNES. GST IDEA IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on January 2015

GST PLANNING ON

REGISTRATION, TRANSITIONAL PERIOD, IMPLEMENTATION, GROUP STRUCTURES AND RELATED RISK (GST ADVANCED LEVEL)

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

www.synergytas.com/gstadvanced Fee based on number of registered participant. * Price quted is valid unĆ&#x; 31 July 2014

Tick

to indicate your category of fee.

1 - 2 Participant(s) RM2,280 per person (A er RM 400 early bird discount & commerical firm discount of RM 300)

3 - 4 Participants RM 2,180 per par cipant

Most important GST tax planning event.

(A er RM 400 early bird discount, commerical firm discount of RM 300 & RM 100 group discount per par cipant)

Participant 1

5 or More Participants RM 2,080 per par cipant

Name (Mr / Mrs / Ms)

(A er RM 400 early bird discount, commerical firm discount of RM 300 & RM 200 group discount per par cipant)

Designation

Live Event

10 CPD

Date

Participant 2

January 2015

Name (Mr / Mrs / Ms)

Time 9.00 AM to 7.00 PM

Location

Designation

Kuala Lumpur

Email Particiant 3

2 simple ways to register offline

Name (Mr / Mrs / Ms)

Email : event@synergytas.com Fax : 03-6261 1548.

Designation

Just send this form vide fax or email to register for a seat. Thereafter upon payment, please email or fax the deposit slip to event@synergytas.com .

Billing to Company

Participant 4 Name (Mr / Mrs / Ms)

Address

Designation

Tel

Contact Person

Participant 5

Name (Mr / Mrs / Ms)

Remark

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Please make payment to : "SYNERGY TAS" ( Maybank : 5141 7863 3603 ) either through bank transfer or bank in cheque.

Cancellation No refund will be made after the registration form being submitted. A substitute delegate is welcomed at no extra charge if the registered participant is unable to attend. However should there be a request to change the certificate of attendance to name other than that shown on the registration form, RM 100 will be charged. We reserve 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. REF: 20140606TLL