Brochure GST Advanced Kuala Lumpur 11 September 2014

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 |

11 SEP 2014 KUALA LUMPUR

GST ADVANCED

Terms and Conditions | Cancellation Policy: No refund will be made after the registration form being submitted. 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. 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. 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 2014

GST ADVANCED 11 SEP 2014 | GRAND HYATT, 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

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IDEAS AT YOUR DISPOSAL

STAY AHEAD OF THE CROWD INTRODUCTION The goods and services tax (GST) is operational effective on 1 April 2015, which will be approximately 10 months away from now. 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

11 September 2014, Thursday (Grand Hyatt, 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

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

Choose the right rate for you.

Want to attend the seminar at its lowest price ?

Register in group of 3 or more participants in one registration to get additional discount.

HRDF claimable

*

* Subject to employer’s application to PSMB. As at tme of publication of this brochure HRDF limit the amount claimable per participant to RM1,300.

FROM 25 JULY 2014 ONWARDS THE FULL FEE IS RM2,980. WITH GROUP REGISTRATION DISCOUNT OF RM100 AND RM200 RESPECTIVELY STILL

3- 4 pax

1 - 2 pax

5 & more

APPLICABLE FOR GROUP REGISTRATION

Professional firms Register by 25 July 2014

RM 2,580

RM 2,480

RM 2,380

Register after 25 July 2014

RM 2,980

RM 2,880

RM 2,780

Register

Register

Register

Register by 25 July 2014

RM 2,280

RM 2,180

RM 2,080

Register after 25 July 2014

RM 2,680

RM 2,580

RM 2,480

Register

Register

Register

Enjoys RM 400 off as early bird discount when you register by 25 July 2014.

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 ^^

COUNT ?

RICAL DIS COMME L enjoys IA C E ^ SP anies ^ ial comp unt of co Commerc is d l a al speci e addition minar fe off the se t) .

RM 300 r discoun e aft 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 ti accoun

*****

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 registration discount = RM2,380.

-RM 100 group registration discount = RM2,480.

Commercial : This price is valid until 25 July 2014.

RM 2,380 - 300 = RM2,080.

Commercial : This price is valid until 25 July 2014.

RM 2,480 - 300 = RM2,180.

This price is valid until 25 July 2014.

VENUE

GRAND HYATT, KUALA LUMPUR

*****

One of the most poshed brand new hotel near KLCC. Strategically located within the vicinity of one of Kuala Lumpur City Centre’s most popular shopping areas.

It is ideal for outstation participants to bring along family to spend a weekend in KLCC, or Pavilion Kuala Lumpur after attending seminar on Thursday.

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 11 September 2014

This price is valid until 25 July 2014. *****

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 25 July 2014

Tick

to indicate your category of fee.

1 - 2 Participant(s) RM2,280 per person

(After RM 400 early bird discount & commerical firm discount of RM 300)

3 - 4 Participants

Most important GST tax planning event.

RM 2,180 per participant (After RM 400 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 2,080 per participant (After RM 400 early bird discount, commerical firm discount of RM 300 & RM 200 group discount per participant)

Designation

Live Event

Email

10 CPD

Date

Participant 2

11 September 2014

Name (Mr / Mrs / Ms)

Time 9.00 AM to 7.00 PM

Designation

Location Grand Hyatt, 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 .

Email

Billing to Company

Participant 4 Name (Mr / Mrs / Ms)

Address

Designation

Tel

Email

Contact Person

Participant 5

Email

Name (Mr / Mrs / Ms)

Remark

Designation Email

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