SYNERGY TAS
GST
CO NS T RU CT I ON
11 FEBRUARY 2015
CONSTRUCTION INDUSTRY : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 10 CPD |
GST CONSTRUCTION
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. | 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) Synergy TAS, Synergy TAS PLT .
GST CONSTRUCTION 11 FEB 2015 | NEXUS, BANGSAR SOUTH, KL
“
WHILE OTHERS DISCOVER THE PROBLEM, YOU DO NOT JUST HAVE THE SOLUTION, BUT ALSO MULTIPLE ALTERNATIVE TO THE SAME PROBLEM.
GST CONSTRUCTION
“
PROVIDE MULTIPLE ANSWERS AT YOUR DISPOSAL
STAY AHEAD OF THE CROWD
INTRODUCTION Construction Industries are complex in its inherent nature, in particularly due to: • • • •
various time of supply; issuance of tax invoice on various construction projects; the frequently amending the contract with Variation Orders (VO); the timing of Certificate of Payment (CP) possesses unresolved GST issues.
Collectively, the complexity and diversity of work done in construction industry and its operation, coupled with its inherent complexity adds up difficulties in its GST implementation. Failing to comprehend the governing concept and mechanism in this highly specialised industries would result in unwarranted GST risk, understatement of GST and worse still, a personal liability to directors. This is a comprehensive and complete advanced course on Construction Industry highlighting the GST risk, landmines and noting points on its GST implementation. The participants are invited to submit 2 questions concerning their construction, or business issues that are to be addressed by the GST specialist and incorporated into the seminar content. This is a customised seminar with you as the main focus, ensuring that the content includes your company’s utmost concern. Submit TWO contentious issues Participants are invited to submit 2 contentious issues to be incorporated into this tailor made workshop to bring home solutions / alternatives or suggestions to revamp your business practices to be GST compliant.
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 individuals and SMEs for his practical and impressive strategies 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, with his extensive implementation under taken, he has 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)
THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING: GST iSSUE 1 | Mixed Supply
+ Scope and chargeability on mixed supply
+ Partial exemption on mixed supply THIS IS A PROBLEM-AND-SOLUTIONS BASED SEMINAR This seminar is created to allow you to obtain GST solutions and bring your comprehension to the next level. This seminar does not just provide the conventional knowledge on GST. It goes into greater depth of identifying the challenges faced together with well thought of solutions to the tough questions encountered in the GST implemention in property developr. In addition, it works as a health check prior to proceed with next phase of your GST implementation or your upcoming construction contract.
With the various checklist and practical pre-prepared solution it will shorten your time spend and enhance efficiency. Also mitigating GST compliance risk.
GST iSSUE 2 | Value of Supply
+ + + + +
Provision of services Shared salaries Commission Accommodation Transportation
GST ISSUE 5 | Stock
+ Stock issues in construction site + Treatment of GST on the building materials supplied by developer
GST iSSUE 6 | Advanced Aspect of Tax Invoice
+ Tax invoice for GST and compliant to income tax
+ Tax invoice in computer environment
GST iSSUE 7 | Challenge from Progress Billing GST iSSUE 3 | Special Circumstances
+ GST treatment on contra units from developer and to sub contractor + The chargeability of GST and the distinctive features between Malaysian services and export services + Retention sum and its risk + GST on Government tender, projects and supplies
GST iSSUE 4 | Payment
+ GST issues with Variation Orders (VO) + Timing for Certification of Payment (CP) + Liquidated Ascertained Damages (LAD)
= Hot topic TWO BURNING QUESTIONS
2 contentious Participants are invited to submit tailor made issues to be incorporated into this alternatives or seminar to bring home solutions, ement to exisiting suggestions to revamp and improv GST approach. working days before Do submit your questions by 10 rated into the seminar. seminar date for it to be incorpo
+ Issuance of tax invoice based on progress billing
+ Progress billing or payment certificate for issuing tax invoice GST iSSUE 8 | Special GST Treatment
+ + + + + + +
Advance Deposits Retention sum Damages Court settlement Bad debts and Late payment Extension of Time (EOT)
GST iSSUE 9 | Continuingly Contract
+ Clause needed for GST recovery in contract + Apportionment of GST to be shared among developer and contractors + Prebilling and advance billing + Compensation for breach of contract Non reviewable contract GST iSSUE 10 | Registration
+ GST planning : group registration GST iSSUE 11 | Designated Area
+ Construction in Labuan, Tioman and Langkawi GST iSSUE 12 | Labour Issue
+ GST treatment on labour supply from inter company
GST iSSUE 13 | Input Tax Available to Contractor
+ The mechanism of input and output tax + Treatment of GST : set off
GST iSSUE 14 | Motor Vehicle
+ Business vehicles using LLP + Transport vehicles used in construction : Input tax claimed GST iSSUE 15 | Business Model
+ Effective business model : Lease hold company GST iSSUE 16 | Administrative
+ Taxable period and submission of GST return GST iSSUE 17 | Transitional issues
+ Practical implementation issue
ATTEND THIS IF YOU ARE : Who should attend this seminar Majority of the attendees for this seminar will consist of :
+ + + + + + + + + + + + + + +
Company Directors & Shareholders Financial controller Finance director Accountant Architect Project Manager Project Quantity Surveyor Civil engineering, electronic and electrical engineering, mechanical engineering Consultants Main & Sub Contractors (eg. Building, sewerage, air conditioning, etc) Corporate lawyer serving construction industry Arbitrator GST task force within the organisation Solicitor involved in sales and purchase of property Tax consultant, auditor GST consultant serving constractor
Note : This is applicable even for those who do not have prior knowledge of taxation. GST iSSUE 18 | Advanced GST concerns
+ + + +
Best GST practice in construction sector Directors’ liabilities in construction Risk on anti money laundering offence Income tax audit, Customs audit : The records and documentation needed + Scope on incorrect return and GST evasion + Advanced ruling application for GST tax + invoice issued : steps and procedures
You will like this seminar if you are : +
You are looking for a seminar which :
+ + + +
Specialised industrial based seminars; Focus on providing solution to GST issues Latest and most up to date approach Inclusive of tax planning strategies for Construction Industry
+ Frustrated by unproductive meeting and misaligned GST implementation + Bogged down by endless discussion on issues, with lack productive
The content above is not exhaustive. Additional content relevant to GST for Construction Industry will be added based on latest changes and questions submitted by participants.
solution on GST technical concerns
+ Continuously surprised by the endless issues discovered during GST implementation + Fear of impact of GST implementation on other taxation in the company + Uncertain as to the appropriate interpretation and puzzled as to the correct ground to take
This industrial based seminar is created to facilitate the GST implementation for construction industry. With secret content and solutions shared by Dr Choong Kwai Fatt. This seminar will only be conducted once, due to the exclusivity of the content and also inclusive of Construction Industry’s tax planning content it will not be re-run.
Presenting GST SOLUTIONS for construction industry.
PROGRAMME TIMELINE
The estimated timeline : GST for Construction Industry
11 FEBRUARY 2015 (WEDNESDAY) 8.30 AM
REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)
9.00 AM
GST FOR CONSTRUCTION INDUSTRY
1.30 PM
GST iSSUE 13 | Input Tax Available to Contractor GST iSSUE 14 | Motor Vehicle
GST iSSUE 1 | Mixed Supply GST iSSUE 2 | Value of Supply
GST iSSUE 15 | Business Model
GST iSSUE 3 | Special Circumstances GST iSSUE 4 | Payment
GST iSSUE 16 | Administrative GST iSSUE 17 | Transitional issues
GST iSSUE 5 | Stock
10.15 AM BREAK (SNACKS PROVIDED) 10.30 AM GST FOR CONSTRUCTION INDUSTRY
GST iSSUE 18 | Advanced GST concerns 3.00 PM
BREAK (SNACKS PROVIDED)
3.15 PM
GST FOR CONSTRUCTION INDUSTRY Additional Content : - concern submitted by participants will be address in this time slot - Latest issues identified by the speaker - Latest Kastam’s updates by the speaker
GST iSSUE 6 | Advanced Aspect of Tax Invoice GST iSSUE 7 | Challenge from Progress Billing GST iSSUE 8 | Special GST Treatment GST iSSUE 9 | Continuingly Contract GST iSSUE 10 | Registration GST iSSUE 11 | Designation Area GST iSSUE 12 | Labour Issue 12.30 PM
GST FOR CONSTRUCTION INDUSTRY
LUNCH (MEAL PROVIDED)
VENUE
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.
5.00 PM
Q & A Session
7.00 PM
End of live event
Note : Speaker is committed to high quality of presentation. The above schedue is for reference only. The schedule may be altered without prior notice.
PRICING
Register online by using the following link :
Choose the right rate for you.
http://www.synergytas.com/gstconstruction
Want to attend the seminar at its lowest price ? Register in group of 3 or more participants in one registration to get additional discount.
GROUP REGISTRATION
1 - 2 pax
DISCOUNT OF RM100 AND RM200 RESPECTIVELY ARE
3- 4 pax
5 & more
APPLICABLE FOR GROUP REGISTRATION
RM 3,780
RM 3,680
RM 3,580
(NP : RM 4,380)
(NP : RM 4,280 )
(NP : RM 4,180)
Register
Enjoy early bird discount if you register and paid on or before 31 December 2014.
Register
By registering one or two participants on or before 31 Dec 2014
By registering three or more participants on or before 31 Dec 2014
enjoy RM 600 off
enjoy RM 700 off
Here’s how the math works : RM 4,380 - RM 600 Early bird discount = RM3,780.
With additional RM 100 off for group registration of 3 - 4 participant.
*****
Here’s how the math works : RM 4,380 - RM 600 Early bird discount -RM 100 group registration discount = RM3,680.
Register
By registering five or more participants on or before 31 Dec 2014
enjoy RM 800 off With additional RM 200 off for group registration of 5 or more participants. Here’s how the math works : RM 4,380 - RM 600 Early bird discount -RM 200 group registration discount = RM3,580. *****
*****
HRDF claimable
*
* 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 participant per day.
SYNERGY TAS
IDEAS ARE THE BEGINNING POINTS OF ALL FORTUNES.
Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor
GST IDEA IS THE BEGINNING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT.
Do contact us for any clarification.
(016) 302 6109 event@synergytas.com
Register online by using the following link :
CONSTRUCTION INDUSTRY : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES
http://www.synergytas.com/gstconstruction
Fee based on number of registered participant. * Price quted is valid unti 31 December 2014
Tick
to indicate your category of fee.
1 - 2 Participant(s)
Most important GST tax planning event for construction industry.
RM3,780 per person
Participant 1
3 - 4 Participants
Name (Mr / Mrs / Ms)
RM 3,680 per participant
5 or More Participants
Designation
RM 3,580 per participant
Live Event
Participant 2 Name (Mr / Mrs / Ms)
10 CPD
Date
11 FEBURARY 2015
Time
Designation
9.00 AM to 7.00 PM
Location
CONNEXION @ NEXUS, BANGSAR SOUTH, KUALA LUMPUR
Particiant 3 Name (Mr / Mrs / Ms)
Simple way to register Email : event@synergytas.com
Designation Email Participant 4 Name (Mr / Mrs / Ms)
Designation
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 Address
Tel
Participant 5
Contact Person
Name (Mr / Mrs / Ms)
Designation Email
Email Remark Please make payment to : "SYNERGY TAS" ( Maybank : 5141 7863 3603 ) 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 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. | 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) Synergy TAS, Synergy TAS PLT .
REF: 20141203TLL