SYNERGY TAS
GST
D E V E LO P E R
18 JUNE 2015 (THURSDAY)
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) 2015 Synergy TAS PLT.
18 JUNE 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
18 JUNE 2015 (THURSDAY) 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 15 May 2015.
Register
By registering one or two participants on or before 15 May 2015
By registering three or more participants on or before 15 May 2015
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 15 May 2015
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 PLT
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; (016) 328 6312 event@synergytas.com
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 15 May 2015
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 Tel
Live Event
Participant 2 Name (Mr / Mrs / Ms)
10 CPD
Date
18 JUNE 2015 (Thursday)
Time
Designation
9.00 AM to 7.00 PM
Location
Tel
CONNEXION @ NEXUS, BANGSAR SOUTH,KUALA LUMPUR
Particiant 3 Name (Mr / Mrs / Ms)
Simple way to register Email : event@synergytas.com
Designation Email Tel 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
Tel
Participant 5
Contact Person
Name (Mr / Mrs / Ms)
Designation Email Tel
Email Remark 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. | 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: 20150211TLL