GST Budget 2015 brochure by Synergy TAS

GST

CHALLE NG E S

A DATE WITH TAX GURU : GST CHALLENGES - RISK AND HIGHLIGHTS WITH BUDGET 2015 PROPOSALS AND LATEST GST DEVELOPMENTS (INCORPORATE VITAL GST RISK MANAGEMENT, UPDATE & APPROACH) SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 10 CPD |

18 NOV 2014 THE GARDENS, KUALA LUMPUR

GST CHALLENGES

Terms and Conditions | Cancellation Policy: No refund will be made after payment is received. 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. Admittance is denied upon failure to make full payment. 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. Personal Data is collected in pursuant to 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. Upon registration, you are deemed to have read and accepted the terms and conditions as stated.(C) Synergy TAS 2014

GST CHALLENGES THE GARDENS, KUALA LUMPUR

GAME PLAN IS NOT GETTING MORE INFORMATION, INSTEAD GET THE “PROCESSED” LATEST UPDATE.

“

POST BUDGET 2015: THERE ARE SUBSTANTIAL

GST CHANLLENGES TIME TO UPDATE TO LATEST VERSION OF GST KNOW-HOW, APROACH TO MANAGE ENERGING GST CHALLENGES & RISKS

“

STAY AHEAD OF THE CROWD INTRODUCTION On 19 June 2014 Goods and Services Act 2014 was gazetted. 3 days after Budget 2015 announcement, the crucial Zero Rated-supply Order, Exempt supply Order and Relief Order was gazetted on 13 October 2014. With the coverage of zero rated and exempt supply lists substantially expanded. This has no doubt further complicates Malaysia’s GST system.

BUDGET 2015 - ASSURANCE ON GST IMPLEMENTATION Budget 2015 which was announced on 10 October 2014 is relatively simple in its content, with obvious skew towards aﬃrming government’s ﬁrm stand and seriousness towards GST implementation on 1 April 2015. With such assurance it has curtailed the hope of a cluster of business owner who has been taking the wait-and-see approach. With December 2014 approaching, it has further hiked the stress level of both consultant and also the business owners. With substantial changes in law and the time frame for GST implementation being shorten to only 4 months (December 2014 to April 2015). It has called for a revised and enhanced approach towards GST implementation. It also requires a closer look into transition period.

UPDATE THE LATEST VERSION OF GST KNOW-HOW This indispensable workshop will intensify the key pertinent essential points on Malaysian GST, the concept and methodology, mechanism and its practical applications, provides GST implications on business transactions, registration issues concerned, advance rulings and highlight RMC laws and practices by taking into account 2015 Budget Proposals and Highlights.

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 panelists to review tax reforms in Malaysia, inclusive of the formulation of GST. He has conducted and published extensive researches 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 has provided advices and personally trained corporate accountants and professional ﬁrms on incom tax, RPGT and GST implementation. Get ready to take and receive 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)

ZERO RATED AND EXEMPT SUPPLY

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

The widening of zero rated and exempt supply, such as imposition of 2,900 medications which falls within the exempt supply list and various other ambiguous supply. The list has to be studied with care and proper planning has to be in place to manage GST exposure. Dr Choong will shorten your learning time and disclose the issues and concerns to be taken into account.

MODULE ONE | Dissect the GST coverage & list

+ (i) Zero rated supply (ii) Exempt order (iii) Out of scope activity (iv) GST exclusion + Come with 2015 Budget Proposals and Highlights. MODULE TWO | Let’s talk about the “price tag”

+ Urgent tasks on pricing, revised pricing or new pricing on products / services with GST element

MODULE SIX| Frequency of supply

+ Dive deeper into time of supply + One time + Multiple times of supply + High frequency MODULE SEVEN| Tough question on import and export + Export services and its ambit on Zero Rated Supplies + Scope on : Import, export goods + Scope on : Import, export services

MODULE THREE| Where the money ﬂowing

RELIEF ORDER The Relief Order which stipulates speciﬁc items that will be exempted from GST, such as that available for importers, medical equipment, and private education institutions. The usage and concern for respective industries.

SPECIAL FEATURE : INCORPORATE BUDGET 2015 UPDATES & PROPOSALS

= Hot topic Updated

Malaysia’s GST System

+ “Show me the money” - Cash outflows,

MODULE EIGHT | Beware of the stick

remedies and its rescue measure to account for GST + Cost of purchases / supplies - the GST eﬃciency ways on cost minimization purchases

+ Likely oﬀences and penalties on

MODULE FOUR| Registration hiccups

MODULE NINE| The end game

+ Voluntary registration - It is a matter of

+ Last ﬁling on sales tax, services tax return + Consignment goods alarming risk on 1.4.2015 + Special refund on unsold stocks + The cash claim back + The procedures on refund + Administrative procedures + Working with auditor for refund

“do-or-die” + Business registration – how and what to look out for risk + Branch registration, division registration or group registration – the calculation risk approach MODULE FIVE| Show me the bill

+ + + + +

Pros & Cons on invoicing, tax invoice Manual or computer printed invoice With / without point of sales system Overseas billing but local supplies Overseas supplies but local billing

GST IMPACT ON INCOME TAX n and With various GST implementatio t to advisory being made, it has brough s our attention in relation to variou GST in en conﬂict in approach tak in a implementation which will result . In this substantial impact in income tax dly event, Dr Choong will unreserve ed pos pro the reveal the conﬂicts, and revised approach taken in GST inst implementation to safeguard aga the notably tax impact.

+ Directors of Sdn. Bhd. & Listed Companies + LLP + Individual assets being frozen

MODULE TEN | Concern requires a closer look + Disposal of plant and machinery, motor + vehicle in GST regime + Bad debts written oﬀ, bad debts written back, bad debts recovered in GST regime

MODULE ELEVEN| Let’s leapfrog into GST + The leapfrog procedures to hop into GST regime MODULE TWELVE| Special bonus + GST implementation’s impact on income tax

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

GST CHALLENGES - RISK AND HIGHLIGHTS WITH BUDGET 2015 PROPOSALS AND LATEST GST DEVELOPMENTS (INCORPORATE VITAL GST RISK MANAGEMENT, UPDATE & APPROACH) 18 NOVEMBER 2014 (The Gardens, Kuala Lumpur)

PROGRAMME TIMELINE

8.30 AM

The estimated timeline for GST: Challenge.

MODULE ONE | Dissect the GST coverage & list

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED) 9.00 AM 10.15 AM

MODULE TWO | Let’s talk about the “price tag” MODULE THREE| Where the money ﬂowing

MODULE FOUR| Registration hiccups

BREAK (SNACKS PROVIDED)

10.30 AM

MODULE FIVE| Show me the bill MODULE SIX| Frequency of supply

12.30 PM LUNCH (MEAL PROVIDED)

MODULE SEVEN| Tough question on import and export

1.30 PM

MODULE EIGHT | Beware of the stick MODULE NINE| The end game

MODULE TEN | Concern requires a closer look

3.15 PM

3.00 PM BREAK (SNACKS PROVIDED)

MODULE ELEVEN| Let’s leapfrog into GST MODULE TWELVE| Special bonus Q & A Session

5.00 PM

7.00 PM

End of live event

WHY ORGANIZED IT IN NOVEMBER 2014? This event is speciﬁcally scheduled to be held on November 2014, where from Budget announcement to November we do expect more policies will be issued by government in the form of GST guidelines and public rulings. Especially when it is only one month away from deadline for GST registration, the GST law is more ﬁnalized. Note : Speaker is committed to high quality of presentation and insists that all materials are covered. Therefore the schedule may vary.

Presenting the vital idea in GST.

PRICING

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 31 OCTOBER 2014 ONWARDS THE FULL FEE IS RM2,280. WITH GROUP REGISTRATION DISCOUNT OF RM100

3- 4 pax

1 - 2 pax

AND RM200 RESPECTIVELY STILL

5 & more

APPLICABLE FOR GROUP REGISTRATION

RM 1,980

RM 1,880

RM 1,780

RM 2,280

RM 2,180

RM 2,080

3 tea breaks with 1 lunch provided.

Enjoys RM 300 oﬀ as early bird discount when you register by 31 October 2014. *****

VENUE

THE GARDENS HOTEL, KUALA LUMPUR

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 .

This price is valid until 31 October 2014.

*****

Here’s how the math works : Professionals : RM 2,280 - RM 300 early bird discount Here’s how the math works : - RM 200 group registration discount RM 2,280 - RM 300 early bird discount = RM1,780. -RM 100 group registration discount = RM1,880.

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

EVERYTHING TO DO WITH GST IS PUT ON EXPRESS LANE. YOU DO NOT NEED MORE INFORMATION, YOU NEED PROCESSED, UPDATED INFORMATION. See you on 18 November 2014

GST CHALLENGES -

RISK AND HIGHLIGHTS WITH BUDGET 2015 PROPOSALS AND LATEST GST DEVELOPMENTS.

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

www.synergytas.com/gstbudget2015 Fee based on number of registered participant. * Price quted is valid unti 31 October 2014

Tick

1 - 2 Participant(s) RM 1,980

(INCORPORATE VITAL GST RISK MANAGEMENT, UPDATE & APPROACH)

3 - 4 Participants RM 1,880 per participant

(Post early bird price : RM2,180 per person )

(After RM 300 early bird discount & RM 100 group discount per participant)

5 or More Participants

Require Vegetarian Meal

RM 1,780 per participant

(Post early bird price : RM2,080 per person )

(After RM 300 early bird discount & RM 200 group discount per participant)

Designation

Live Event

10 CPD

Date

Participant 2 Name (Mr / Mrs / Ms)

(Post early bird price : RM2,280 per person )

After RM 300 early bird discount

Most important GST event : The vital update to GST approach Participant 1 Name (Mr / Mrs / Ms)

to indicate your category of fee.

18 November 2014 Require Vegetarian Meal

Time 9.00 AM to 7.00 PM

Designation

Location The Gardens, Kuala Lumpur

Email Particiant 3 Name (Mr / Mrs / Ms)

Simple ways to register offline Require Vegetarian Meal

Email : event@synergytas.com 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 .

Designation

Billing to

Company Participant 4 Name (Mr / Mrs / Ms)

Require Vegetarian Meal

Address

Designation

Tel

Contact Person

Participant 5

Name (Mr / Mrs / Ms)

Require Vegetarian Meal

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 payment is received. 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. Admittance is denied upon failure to make full payment. 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. Personal Data is collected in pursuant to Personal Data Protection Act 2010. REF: 20141020TLL