GST Advanced Kuala Lumpur 27 April 2015 GST Advanced Brochure by Synergy TAS

GST

PL A NNING

GST PLANNING ON

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

27 APRIL 2015 KUALA LUMPUR

GST ADVANCED

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.

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

STAY AHEAD OF THE CROWD INTRODUCTION The goods and services tax (GST) is operational eﬀective on 1 April 2015. The Malaysian GST model is business friendly, broad consumption based which leads to stable and constant revenue collection for the government to restore the federal surplus.

COST HIKE IS NOT SOLELY DUE TO GST’S INPUT TAX The GST in its initial years will increase the cost of doing business in most industry. The increased costs will be mainly on software acquisition, hardware upgrades, training of employees, recruitment of dedicated staffs to administer the GST operation, documentation and lastly, professional fees in support of this implementation. In addition, salaries, EPF, bonuses for engaging extra scarcity human capital for GST compliance, providing required training to these personnel will lead to efficient and effective growth of business. The acquisition of hardware and modification of software 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, facilitating GST audit to prepare for GST appeal, and being accountable for penalties where required are risks that cannot be ignored.

DUTY TO PAY DOES NOT ONLY LIE ON CONSUMER Although GST theoretically 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 still 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 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 incom 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)

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

LIFEBLOOD OF BUSINESS ("CASHFLOW") IS AT STAKE Full comprehension of the GST mechanism will mitigate the GST risk. Failing to comprehend the concepts within GST model will result in unnecessary cash ﬂow being tied down or even lost when stock is written oﬀ or lost or when products are given away during promotional campaigns and through personal use. Original documentation and relevant evidence must be retained for seven (7) years to claim GST refund or GST deduction and to facilitate GST audit.

= Hot topic

Malaysia’s GST System

MODULE ONE | The BIG concept of "Supply"

MODULE THREE| Consideration on GST Scheme

+ The noting point on the GST concept of “supply,” which is a concept distinguished from sales or turnover that is used in existing sales tax and service tax + The issue on valuation and its mechanism

+ The pro and cons of “Approved Trader

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

+ The hardware and software features to be noted to facilitate GST mechanisms and system processes that must distinctly capture the following:

+ Input tax paid on raw materials + Input tax paid on direct utilities or other + +

+ + +

overhead costs used in manufacturing Output tax on invoices issued GST return, incorporating the relevant dates and data to facilitate input tax deduction 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 limitation MODULE FOUR| Refund or not to refund

+ GST planning during transitional 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 registration GST planning on group registration and the hidden tax risk + Noting point on various business vehicle on GST regime + GST as a going concern basis MODULE SIX| The "Carrot" and the "Stick"

+ Penalties and oﬀences – a detailed analysis + Business mitigation plan for directors

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

MALAYSIA’S UNIQUE GST SYSTEM meticulously inar is the ﬁrst of its kind. It will This advanced level of practical sem ch is diﬀerent of the Malaysian GST model, whi nism cha me tic 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 tic solutions for business owners GST and provide alternative pragma respective 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 questions per participant).

PROGRAM TIMELINE

27 APRIL 2015 (Kuala Lumpur)

The estimated timeline for GST: Advanced.

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

The concept of "Supply" The issue on valuation and its mechanism

8.30 AM

9.00 AM

Hardware and Software features to facilitate mechanisms and system processes

10.15 AM BREAK (SNACKS PROVIDED) Consideration 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 limitation GST planning during transitional 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 The advantage of having LLP within a group of companies for GST eﬃciency

1.30 PM

The pros and cons on voluntary registration GST planning on group registration and the hidden tax risk Noting point on various business vehicle on GST regime GST as a going concern basis

3.00 PM BREAK (SNACKS PROVIDED)

Penalties and oﬀences – a detailed analysis

3.15 PM

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

Q & A Session End of live event

Presenting the big idea in GST planning.

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

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.

FROM 17 APRIL 2015 ONWARDS THE FULL FEE IS RM3,280. 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 10 April 2015

RM 2,280

RM 2,180

RM 2,080

RM 2,880

RM 2,780

RM 2,680

RM 3,280

RM 3,180

RM 3,080

RM 1,980

RM 1,880

RM 1,780

RM 2,580

RM 2,480

RM 2,380

RM 2,980

RM 2,880

RM 2,780

Enjoys RM 1000 oﬀ as early bird discount when you register by 10 April 2015.

By registering three or more participants enjoy an additional RM 100 oﬀ from early bird price .

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

Commercial companies ^^

T? DISCOUN MERICAL M O ys C jo L n e IA SPEC anies ^^ ial comp of t n u co Commerc is ld al specia e addition minar fe ﬀ the se . o 0 0 3 iscount) RM d r e aft is ed above at st e e (F refer to mpanies ercial co an th r e ^^ Comm pany oth any com ch as su s rm ﬁ nal professio t, tax agen auditor, ltant) su n co g n accounti

VENUE

Here’s how the math works : Enjoys RM 400 oﬀ as early bird discount Professionals : RM 3,280 - RM 1000 early bird discount Here’s how the math works : when you register by 17 April 2015. Professionals : RM 3,280 - RM 1000 early bird discount - RM 200 group registration discount = RM2,080. -RM 100 group registration discount = RM2,180. Commercial : This best price is valid until 10 April 2015. RM 2,080 - 300 = RM1,780. Commercial : This best price is valid until 10 April 2015. RM 2,180 - 300 = RM1,880. This price is valid until 17 April 2015.

NEXUS, BANGSAR SOUTH, KL

*****

The latest new location for coporate event is in Bangsar South, Kuala Lumpur. It is located in close proximity to Mid Valley City.

Bangsar South City No. 7, Jalan Kerinchi 59200 Kuala Lumpur

Cater to daily expediencies, including the time demands of city dwellers and traﬃc congestion, by being conveniently located in Bangsar South coupled with ample parking spaces.

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

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 27 April 2015

This price is valid until 17 April 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 unti 10 April 2015

Tick

to indicate your category of fee.

1 - 2 Participant(s) RM1,980 per person

(After RM 1000 early bird discount & commerical ﬁrm discount of RM 300)

3 - 4 Participants

Most important GST tax planning event.

RM 1,880 per participant (After RM 1000 early bird discount, commerical ﬁrm discount of RM 300 & RM 100 group discount per participant)

Participant 1

5 or More Participants

Name (Mr / Mrs / Ms)

RM 1,780 per participant (After RM 1000 early bird discount, commerical ﬁrm discount of RM 300 & RM 200 group discount per participant)

Designation

Live Event

Email Mobile Tel

10 CPD

Date

Participant 2

27 April 2015

Name (Mr / Mrs / Ms)

Time

9.00 AM to 7.00 PM

Location

Designation

CONNEXION @ NEXUS, BANGSAR SOUTH,KUALA LUMPUR

Email Mobile Tel Particiant 3 Name (Mr / Mrs / Ms) Designation Email Mobile Tel

Simple way to register 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 Company

Participant 4 Name (Mr / Mrs / Ms)

Address

Designation

Tel

Contact Person

Mobile Tel Participant 5 Name (Mr / Mrs / Ms)

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.

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 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: 20141229TLL