Malaysia Sales Tax 2018 Brochure 29 October 2019

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SALES TAX 2018

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2 9 O C T O B E R 2 0 1 8 ( M O N D AY )

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Sales Tax 2018: LATEST Challenges, Exemptions, and Submission For: THENESH Manufacturers and Importers SPEAKER KANNAA SPEAKER : THENESH KANNAA | HRDF CLAIMABLE * | 10 CPD | THE GARDENS HOTEL, MID VALLEY, KL

SALES TAX

2018

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 reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : is subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discreton. | Seats are confirmed on payment made and on first come first served basis only. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. 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) 2018 Synergy TAS PLT.

SALES TAX 2018 THE GARDENS HOTEL, MID VALLEY LATEST CHALLENGES, EXEMPTIONS AND SUBMISSION

“

WHILE OTHERS STRUGGLE TO LEARN UP ON LATEST UPDATES; YOU ARE NOT ONLY AWARE OF THEM, YOU ALSO HAVE SOLUTIONS AT YOUR DISPOSAL

“

INTRODUCTION Many Manufacturers thought that the SYSTEM and PRACTICE in NEW SALES TAX 2018 is the same as OLD Sales TAX 1975. It is not true.

The Prominent Difference includes: + Wider Definition of the term “MANUFACTURING”; + Difference in the Mechanism employed for TAX FREE IMPORTATION and ACQUISITION by Manufacturers & Importers;

+ SPECIAL VALUATION RULES for Sales to related Distributors.

IN REALITY, THEIR LAW AND SYSTEM ARE DIFFERENT. That is why Dato’ Subro (Director General of Royal Malaysian Customs) termed it as “SST 2.0”. The past experience is useful; however it ALSO creates the DANGER of Non-Compliance in many areas.

This NEW Sales Tax 2018 Seminar is especially created for Manufacturer, Importer and Consultants. It highlights the post Sales Tax Implementation & its LATEST Challenges faced. Practical Solutions will be provided in this Seminar.

WHY IS THIS SALES TAX 2018 SEMINAR SO POPULAR ?

This Sales Tax 2018 Seminar provides Manufacturer, Importers and Consultants with : + Real, Practical Insights and suggested Solutions to LATEST POST IMPLEMENTATION Challenges;

+ Clear Steps and hands-on Practical Guidance to prepare first Sales Tax Submission;

STAY AHEAD OF THE CROWD

SPEAKER’S PROFILE Thenesh Kannaa is an acknowledged Tax Authority and is a highly sought after speaker and provides tax consultancy services to diverse clientele, including Manufacturing, GLCs, Financial Services, Telcos and Statutory Bodies.

He is member of the CTIM's Technical Committees on Direct Tax, Transfer Pricing and Indirect Tax, which provides input to the Government on various Tax Policy and Technical Matters. Member of ACCA’s Expert Panel on Taxation, and he has been interviewed on contemporary Tax Matters by Radio & TV Stations and featured in Newspaper.

With his diverse knowledge and study of tax regime in various countries and field related to tax he can provide a practical tax advice and ground breaking research.

Being conversant in both accounting and taxation, Thenesh is well qualified to provide good advice regarding sales tax, its applications and interpretations, and the proper maintenance of accounts and documentation by companies to reflect commercial substance.

+ Unique tips and tricks to get approval by Royal Customs to Import or Buy without Sales Tax. Learn also the Strategies to COMPLY Post-Approval conditions.

+ The Challenges and Solutions for Manufacturers and Importers if they are selling to related party and the relevant transfer pricing documentation;

+ Provides Practical Insights to deal with LMW, FIZ, FCZ and Licensed Bonded Warehouse; and

+ Reveal the Latest Correct Tax Efficient Corporate Structure.

Copyright (C) 2018 Synergy TAS PLT.

THENESH KANNAA CA(M), FCCA, FCTIM TAX CONSULTANT, SPEAKER, AND AUTHOR

COURSE CONTENT The course content includes but not limited to the following.

SALES TAX 2018

More content will be added as changes from announcement, gazettd Orders and Guidelines that are to be issued prior to event date.

= Hot topic This Sales Tax 2018 Seminar provides Manufacturer, Importers and Consultants with : + Understand the extensive coverage of the word “Manufacturer”. To what extend it is applicable? + Tax Invoice, Debit Note, and Credit Note : + What are the MANDATORY Details and Solutions to common Compliance Challenges?

WHO IS IT FOR? This Seminar is created especially for : Directors, Business Owners and Consultants

Be aware of the Current and Latest Best Corporate Structure. Make Calculated Risks and Informed Choices to arrive at the Right Strategic Decision.

Copyright (C) 2018 Synergy TAS PLT.

+ LIMITED SCENARIOS to issue Credit Note : + What are the Criteria and the Grey Areas? + What is the Approach you should take when it falls under these Grey Areas? + Hands-on Guidance to complete your First Sales Tax Return with confidence. A Must Know !

+ Guidance on Pricing Policies and Documentation for Sales to Subsidiary, Parent or related Companies. + Confused by Contradictory Opinions over Sales Tax’s Technical and Administrative Procedures ? + Learn how you can get an Answer with Certainty from Royal Malaysian Customs.

+ Highlighting Challenges to Transitional Issues that you MUST be aware of;

+ What are the available Sales Tax Exemptions and Criteria? + Learn the Practical Solutions to fulfill Post Approval Conditions.

+ Know the Anti-Profiteering Regulations 2018.

+ What are the Criteria for Distributor (ie. Non-Sales Tax Registrant) to get Sales Tax Exemptions?

+ What are the Risks involved & What are the Supporting Documents required to avoid them;

+ How to get Drawback (known as Refund of Sales Tax)? + How it applies to Importation by Manufacturers, and Non-Manufacturers?

+ What are the Impacts on Sub-Contractors and other Service Providers?

+ What are the Special Rules for Sales to :

+ Valuation Rules for Sales Tax Registered Manufacturer. + The Mechanism and how to JUSTIFY the approach taken. + Clear Understanding on Valuation Rules on Importation. + Special Requirements on Sales to “Connected Person” + Who falls under this Category and what Extra Procedures are Needed?

Financial Controller or Group Accountant

Able to Identify and Advise Management what are the latest Sales Tax issues and the Practical Solutions to avoid such exposures. Also to avoid Common Mistakes in the first Sales Tax Submission. Supervise Sales Tax related Business Transaction created by subordinates with conidence.

+ Government + Licensed Manufacturing Warehouse (LMW) + Manufacturer in Free Industrial Zones (FIZ) + Transactions involving Free Commercial Zones (FCZs) and + Licensed Warehouse Bonded Warehouse

SUBMIT YOUR 1ST SALES TAX RETURN WITH CONFIDENCE !

Accountant, Sales Tax Officers / Executives

Learn what are the New Compliance Criteria under Sales Tax Act 2018. Be Confidence to submit and issue Invoices, Credit Notes and Debit Notes.

Compile the Right Supporting Documents. Perform unique Sales Tax Valuation and Treatment for Connected Person.

+

PROGRAM TIMELINE

29 OCTOBER 2018 (The Gardens, Mid Valley)

The estimated timeline for SALES TAX 2018 SEMINAR REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

+ Understand the extensive coverage of the word “Manufacturer”. + Tax Invoice, Debit Note, and Credit Note

8.30 AM

9.00 AM

+ LIMITED SCENARIOS to issue Credit Note

10.15 AM

+ Hands-on Guidance to complete your First Sales Tax Return

TEA BREAK

+ Highlighting Challenges to Transitional Issues + Know the Anti-Profiteering Regulations 2018. + What are the Impacts on Sub-Contractors and other Service Providers?

(SUMPTUOUS MEALS PROVIDED)

10.30 AM

+ Valuation Rules for Sales Tax Registered Manufacturer.

12.30 PM

+ Clear understanding on Valuation Rules on Importation. + Special Requirements on Sales to “Connected Person” + Guidance on Pricing Policies and Documentation for Sales to Subsidiary, Parent or related Companies.

LUNCH

(SUMPTUOUS MEAL PROVIDED)

1.30 PM

+ Confused by Contradictory Opinions over Sales Tax’s Technical and Administrative Procedures

3.30 PM TEA BREAK

+ What are the available Sales Tax Exemptions and Criteria? + What are the Criteria for Distributor (ie. Non-Sales Tax Registrant) to get Sales Tax Exemptions?

(SUMPTUOUS MEALS PROVIDED)

4.00 PM

+ How to get Drawback (known as Refund of Sales Tax) + What are the Special Rules for Sales

Q & A Session End of live event

Presenting the Big Idea in SALES TAX 2018 !

Copyright (C) 2018 Synergy TAS PLT.

5.00 PM 6.00 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/SalesTax2018

Choose the right rate for you.***

HRDF claimable

Want to attend the seminar at its lowest price ?

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

*

* 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 day.

FROM 23 OCTOBER 2018 ONWARDS THE FULL FEE IS RM 1,388.

WITH GROUP REGISTRATION DISCOUNT OF RM 100 AND RM 200 RESPECTIVELY STILL APPLICABLE FOR GROUP

3- 4 pax

1 - 2 pax

5 & more

REGISTRATION

Registered by 23 October 2018

RM 1,188 per pax

RM 1,088 per pax

RM 988 per pax

Register after 23 October 2018

RM 1,388 per pax

RM 1,288 per pax

RM 1,188 per pax

Register

Register

Register

EARLY BIRD DISCOUNT ?

Register early by 23 October 2018 to entitle yourself additional RM 200 off^^ more, ^^ By registering five or entitle yourself additional RM 200 off

Enjoys RM 200 off as Early Bird discount when you registered by 23 Oct. 2018.

By registering three or more participants enjoy an additional RM 200 off from Early Bird price .

By registering five or more participants enjoy an additional RM 200 off from Early Bird Price.

*****

Here’s how the math works : RM 1,388 - RM 200 Early Bird discount -RM 100 group registration discount = RM 1,088.

Here’s how the math works : RM 1,388 - RM 200 Early Bird discount - RM 200 group registration discount = RM 988.

This price is valid until 23 Oct. 2018.

This price is valid until 23 Oct. 2018.

*****

*****

VENUE 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 after to attending seminar.

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 of TICKET ONLY for parking in Zone B, U or Premier parking zone. Using Touch ‘n Go is NOT ENTITLED.

SYNERGY TAS PLT Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor (+6 016) 302 6109 ; (+6 016) 328 6312 event@synergytas.com Copyright (C) 2018 Synergy TAS PLT.

IDEAS ARE THE BEGINING POINTS OF ALL FORTUNES. GET YOUR TAX PLANNING IDEA IS THE BEGINING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. See you on 29 October 2018 !

SALES TAX 2018 :

LATEST CHALLENGES, EXEMPTIONS, AND SUBMISSION FOR MANUFACTURERS AND IMPORTERS

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

www.synergytas.com/SalesTax2018 Fee based on number of registered participant. * Price quoted is valid unti 23 October 2018

Tick

Register before 23 October 2018 to enjoy Early Bird Discount of RM 200.

to indicate your category of fee.

1 - 2 Participant(s)

* RM1,188 per participant

*HRDF Claimable

3 - 4 Participants

Most IMPORTANT Sales Tax Act 2018 Event of the Year

* RM 1,088 per participant (After RM 200 group discount per participant)

5 or More Participants

Participant 1

* RM 988 per participant

Name (Mr / Mrs / Ms)

(RM 400 group discount per participant)

Require Vegetarian Meal

Certificate of Attendance will be printed according to this name.

Live Event

Designation Email Mobile Tel

Date

Participant 2

Time

Name (Mr / Mrs / Ms)

10 CPD

29 OCTOBER 2018 (Monday)

Certificate of Attendance will be printed according to this name.

9.00 AM to 7.00 PM DAILY

Require Vegetarian Meal

Location

THE GARDENS, MID VALLEY CITY, KUALA LUMPUR

Designation Simple way to register Online Form at www.synergytas.com/SalesTax2018 or,

Email Mobile Tel Particiant 3 Name (Mr / Mrs / Ms)

Certificate of Attendance will be printed according to this name.

Email : event@synergytas.com

Require Vegetarian Meal

Billing to Company

Designation Email

Address

Mobile Tel Participant 4 Name (Mr / Mrs / Ms)

Certificate of Attendance will be printed according to this name.

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 .

Nature of Business Require Vegetarian Meal

Construction Manufacturing Consultancy

(Vital information for Speaker to take into account in the preparation of seminar material)

Management Developer Investment Holding Company Audit

Real Estate

Health

Trading Education Logistics Legal Tax Agent Company Secretary Services Retail Financial Services

Other:

Designation

Products and Services

Email

How do You Know about this Course?

Mobile Tel Participant 5 Name (Mr / Mrs / Ms)

Certificate of Attendance will be printed according to this name.

Designation Email Mobile Tel

e.g. Plastic Producing, Buy Land and Develop, Investment Holding Company, Medical Devices, Chemicals, Waste Products, Diesel, IT, etc.

Claiming HRDF ?

Require Vegetarian Meal

Yes No

Contact Number Contact Person Email of PIC : Remark Please make payment to : "SYNERGY TAS PLT" ( CIMB : 800 707 1544 ) either through bank transfer or bank in cheque prior to the event.

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 reserves the right to change event date and venue, with notice being sent vide the email registered above. Information collected is in pursuant to the Personal Data Protection Act 2010. | *HRDF Claimable : is subject to approval by PSMB . | **CPD : Final CPD accepted by professional bodies vary and subject to each bodies’ discretion. | Seats are confirmed on payment made and on first come first served basis only. You have fully understood the DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY stated in our Synergy TAS PLT website at http://www.synergytas.com/disclaimer/. 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) 2018 Synergy TAS PLT. REF: 20181008HC Copyright (C) 2018 Synergy TAS PLT.