GST Developer brochure

SYNERGY TAS

GST

D E V E LO P E R

10 FEBRUARY 2015

PROPERTY DEVELOPER : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 10 CPD |

GST DEVELOPER

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) 2014 Synergy TAS, Synergy TAS PLT.

10 FEB 2015 | NEXUS, BANGSAR SOUTH, KL

WHILE OTHERS DISCOVER THE PROBLEM YOU DO NOT JUST HAVE THE SOLUTION, YOU HAVE MULTIPLE ALTERNATIVE TO THE SAME PROBLEM.

GST FOR DEVELOPER MULTIPLE ANSWERS AT YOUR DISPOSAL

“

GST FOR PROPERTY DEVELOPER

“

STAY AHEAD OF THE CROWD

INTRODUCTION GST is coming for real and near (to be effective on 1.4.2015). The recent Gazette Order of effective date for GST implementation [PU(B) 320/2014] and GST Regulations 2014 [PU(A) 190/2014] has set out the various administration and compliance procedures.

GST impacts on property developer mostly arising from cost of construction, such as cost for contractor, sub-contractor and project management, in view that the GST accountability is on invoice basis. This results in various practical difficulties to property developer, especially where conventionally the basis of income recognition and expenses is on progress billing basis. Furthermore, the impact of practical implementation and complication brought about by the exemption of residential property needs to be taken into account as well.

Various ambiguities in the GST treatment and policy imposed have resulted in the slowing down of recent property market.

This seminar is led by the renowned GST specialist, Dr Choong Kwai Fatt with the objective to provide his insight and suggested approach to overcome the hurdle in GST implementation mechanism, concepts and methodologies especially for property developer.

More importantly, Dr Choong will take an in depth looks into pragmatic business alternatives on the extensive GST contentious issues. It is a must-to-attend workshop and will add value to the business with primary focus on mitigating the various GST risk area such as hefty penalties and the danger of imprisonment. This event is also created to provide answer to tough GST questions.

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 | Tax Point

GST iSSUE 5 | Project Managements

+ Tax point on issuing tax invoice based

+ Relook into its role in GST

on progress billing under scenario of:

+ architect’s certification or + non-architect’s certification 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 property development.

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 | Progress Billing

+ Correct concepts and methodologies progress billing method under GST regime

implementation GST iSSUE 6 | Registration Pitfall

+ + + +

Divisional registration Branch registration Group registration Individual registration

GST iSSUE 7 | Services

GST iSSUE 3 | Bad Debt

+ Bad debts dilemmas – “to claim or not to claim” GST refund

+ Export services and import services GST iSSUE 8 | Designated Area

GST iSSUE 4 | GST Challenges

+ Challenging GST treatment mechanism

+ Construction in Labuan, Tioman and Langkawi – any GST advantages ?

on property developers :

+ + + + + + + + + + + +

Retention sum Damages Abandoned project Settlements Liquidated ascertain damages (LAD) Warranty defects Free maintenance Gated and guarded facilities Sinking fund Rectification work Compensation Deposits

GST iSSUE 9 | GST Management

+ GST planning and cash flow management on construction

= 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

ATTEND THIS IF YOU ARE :

GST iSSUE 10 | Land

+ Question on land: viability of the land swap, property with land owner for completed units in GST era

GST iSSUE 11 | Rental Income

+ Rental income : further look into practical GST impact and revised approach

Who should attend this seminar Majority of the attendees for this seminar will consist of :

+ + + + +

Financial controller Finance director Accountant Purchaser GST task force within the organisation Solicitor involved in sales and purchase of property Tax consultant, auditor GST consultant serving property developer Directors and Shareholders Land Owners Main Contractor, Sub Contractor Consultants, Architects, Quantity Surveyors

+ GST iSSUE 12 | Input Credit

+ The mechanism of claiming input tax credit.

+ DiďŹƒculties and practical constraints for developers GST iSSUE 13 | Contractual Question

+ Transitional provision on contracts/agreements entered before and after GST GST iSSUE 14 | Transitional Issue

+ Transitional issue for ongoing projects that cut across pre & post GST era for property developer The content above is not exhaustive.

Additional content relevant to GST for property developer will be added based on latest changes and questions submitted by participants.

+ + + + + +

Note : This is applicable even for those who do not have prior knowledge of taxation.

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 property developer

+ Frustrated by unproductive meeting and misaligned GST implementation + Bogged down by endless discussion on issues, with lack productive solution on GST technical concerns

+ Continuously surprised by the endless issues discovered during GST implementation + Fear of impact during GST implementation on other taxation in the company + Uncertain as to the appropriate interpretation and puzzled as to the correct ground to take

This is an industrial-based seminar created to facilitate the GST implementation for property developer. 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 tax planning content, thus it will not be re-run.

Presenting GST SOLUTIONS for Property Developers.

PROGRAMME TIMELINE

The estimated timeline : GST for Property Developer

10 FEBRUARY 2015 (TUESDAY) 8.30 AM

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

9.00 AM

GST FOR PROPERTY DEVELOPER

1.30 PM

GST iSSUE 11 | Rental Income GST iSSUE 12 | Input Credit

GST iSSUE 1 | Tax Point

GST iSSUE 13 | Contractual Question

GST iSSUE 2 | Progress Billing

GST iSSUE 14 | Transitional Issue

GST iSSUE 3 | Bad Debt GST iSSUE 4 | GST Challenges 10.15 AM BREAK (SNACKS PROVIDED)

3.00 PM

BREAK (SNACKS PROVIDED)

3.15 PM

GST FOR PROPERTY DEVELOPER Additional Content : - concern submitted by participants will be addressed in this time slot - Latest issues identified by the speaker - Latest Kastam’s updates by the speaker

10.30 AM GST FOR PROPERTY DEVELOPER GST iSSUE 5 | Project Managements GST iSSUE 6 | Registration pitfall GST iSSUE 7 | Services GST iSSUE 8 | Designated Area GST iSSUE 9 | GST Management GST iSSUE 10 | Land

12.30 PM

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.

GST FOR PROPERTY DEVELOPER

5.00 PM

Q & A Session

7.00 PM

End of live event

Note : Speaker is committed to high quality of presentation.

The above schedule 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/gstdeveloper

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.

Do contact us for any clarification.

SYNERGY TAS 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 BEGINNING POINTS OF ALL FORTUNES. GST IDEA IS THE BEGINNING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT.

PROPERTY DEVELOPER :

A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES

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

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 developer.

RM3,780 per person [NP: RM 4,380] (Enjoy early bird discount of RM 600 off)

Participant 1

3 - 4 Participants

Name (Mr / Mrs / Ms)

RM 3,680 per participant

[NP: RM 4,320]

(Enjoy early bird discount of RM 600 off and RM 100 for group registation)

5 or More Participants

Designation

RM 3,580 per participant [NP: RM 4,180]

(Enjoy early bird discount of RM 600 off and RM 200 for group registation)

Email

Live Event

Participant 2 Name (Mr / Mrs / Ms)

10 CPD

Date 10 FEBURARY 2015

Designation

Time 9.00 AM to 7.00 PM

Email

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

Email

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 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. | 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, Synergy TAS PLT 2014 REF: 20141203TLL