brochure kuching (17 , 18 june 2014)
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GST :
INTERMEDIATE Peace of mind for Goods and Services Tax
- Registration and compliance
17 & 18 June 2014 ( 9 – 3 PM ) |
DR CHOONG KWAI FATT |
FOUR POINTS BY SHERATON, KUCHING
www.synergytas.com/gstkuching
HRDF Claimable (Subject to employer’s application to PSMB)
10 CPD
Early bird until 16 May 2014
GST is Malaysia’s new tax system which affects
all walks of life, it will change the way we do
business, purchasing policies and record
keeping be it a small or multinational
companies.
Synergy TAS Tax Seminar Specialist
THIS COURSE COVERS CORE AREA OF GST,
IT IS APPLICABLE TO ALL INDUSTRY.
4 Objective
6 What is the seminar about
8 Why this seminar is special
9 Who is it for
10 About speaker
12 Program timeline
15 Pricing
16 How to enrol
18 Contact us
Table Of Content
3
Since the announcement of GST to be implemented with effect from 1 April 2015 and announcing its registration commencing from May 2014, GST seems to be a nightmare haunting everyone especially on business entrepreneur, corporate
directors and also those involve in administrative matters, not forgetting the accountants with the increased workloads and GST risks.
GST
4
Synergy TAS Tax Seminar Specialist
SEMINAR’S
OBJECTIVE
Well researched content to
shorten your learning curve
Provide step by step approach to
ease GST Implementation
An examination of the effect and
impact of GST on business operators
Guide to selection of GST software
Guide to avoid pitfall in GST
implementation
Identify potential technical errors
in GST implementation
gst
5
“ The "time bomb" is
ticking and requires
business operator and
decision maker to act
immediately to guard
against easily avoided tax
risk and loss out on tax
planning opportunities. “
Ease your transition into the new tax era of Goods and Services Tax.
Malaysian taxation will never be the same. It does not only change the
tax law, it will also change the way we do business, record keeping and
documentation
6
∞ What is the seminar about_
The course content (not exhaustive)
GST is growing on a
continuous and progressive
manner, with new guides
and ruling being introduced
by Royal Malaysian
Customs (RMC),
the content listed is
not exhaustive,
it will be further expanded.
The Goods and Services Tax is taking off on 1 April 2015. GST is a single consumption tax at 6%, based on value
added concept. Companies are given an onerous task to embed the Malaysian GST model into its business and
accounting system within these 13 months which is definitely not an easy mission to accomplish.
The transitional period prior to implementation of GST during migrating to GST has great impact on stock, capital
equipment that must be considered along with impact of business profitability and cash flow. The impact of 6%
GST on its prices and the consumer reaction cannot be ignored.
These 1 day course will unlock the Malaysia GST model, its mechanism, conceptual framework to assist you in
the GST implementation. This is an event created based on request by our existing participant to assist you in
comprehending as to how to embed GST into your business.
(a) GST registration with RMC Office and obtain
a GST license
(b) The meaning of GST being consumption tax, its
concept and its mechanism
(c) The meaning of supply, mix supply and deemed supply
(d) Valuation concept on supply
7
(j) Promotional expenses, incentive
scheme of manufacturers
(k) GST treatment on goods returned,
treatment of stock written off
(l) The scope and meaning of a
“good accounting system” as
required by Royal Malaysian
Customs
(m) Rate of GST : standard rate, zero
rated and exempt
(n) Transition from existing indirect
tax into GST
(o) Technical errors possible to be
accounted with GST
implementation
(e) Designing tax invoice to capture
GST output and other invoice’s
features
(f) Identifying purchases and
overhead expenses (with GST
paid) that can qualify for input
tax refund/credit to be deducted
from GST output
(g) Studying whether group
registration is beneficial for your
companies
(h) Suggesting software features
to be incorporated for GST
compliance
(i) Treatment of bad debts
The workshop
also includes
GST administration on:
(a) How to carry out GST returns, book recording, and
payment of GST
(b) Claiming a refund on GST paid on input
(c) Group registration for GST
As more implementation matter is announced by RMC, the content will be updated.
Knowledge is important;
Implementation plan is
also the main focus for
this seminar.
8
Presentation skill : Interesting presentation & makes thing
“feels” easy When we regard something as interesting and have passion about it, it does feel a lot easier
to comprehend. GST is a whole new tax system , with some intellectually challenged
complicated components. Our speaker, Dr Choong Kwai Fatt is known for his ability
to make taxation LIVELY, FUN and PRACTICAL.
It gives you the encouragement to learn
much more and commit to memory better.
Why this seminar is
special : here’s why_
1
2
3
KNOWLEDGE IS POTENTIAL POWER ,
PRACTICAL IMPLEMENTATION PLAN IS THE POWER.
4 hours of precious Q & A session Applied knowledge is what we plan to deliver. With 2 hours of Q & A at the end of each day, it will provide answers to
participants on practical implementation concerns. A precious and useful learning ground for all participants.
Implementation, implementation, implementation… ! Knowing and able to state all GST theories may seem impressive and “perceived” as an expert, but it is not effective
unless and until the participant acquired the necessary skills for practical implementation. Time is ticking with so much
GST implementation steps to be carried out. No time to be wasted on public display of “perceived” knowledge, we focus
on delivering practical implementation skill and plan.
9
Who is it
for_
GST Compliance Officer
(Personnel involved in
implementing GST) The one who is given the honours and duty to figure out how to implement GST in your organisation. (applicable to all industry).
Decision Makers (CEO, CFO, General Manager and Financial Controller) Major changes and substantial decision making has to be made to embed GST into company’s activities and affect substantial buying , selling and conclusion of contracts.
Administrative managers You are the one who will oversee the purchase and distribution of goods in your company. It is the right time to learn up on the implementation of GST. How your action need to be refined to embed GST system into your operation.
Professionals (auditor, tax agents and company secretary) The advisors to businesses please gear up and patch up your dose of GST knowledge and implementation action plan. Auditor has a substantial role to play during transitional period.
Accountants Applying a new MFRS is tough enough, what more a whole new GST system which is transactional based and cut across all transactions in your entity. The record keeping and recording of historical transaction has a new role to play, it is paramount important for you to understand all the ins and outs of GST implementation. How it will affect your documentation from now onwards and all the compliance requirements and thresholds table involved. There are ample work to prepare before the shift.
IT personnel For those involved in designing software that
is to be used in GST implementation.
Implementation of GST is transactional based. The aid of accounting software with GST’s features has never been so crucial for taxation until now
THIS SEMINAR COVERS CORE AREA OF LEARNING FOR GST,
IT IS APPLICABLE TO ALL INDUSTRIES. * APPLICABLE EVEN TO THOSE WHO HAVE NO BASIC KNOWLEDGE ABOUT GST.
BUT UNDERSTANDING OF DOUBLE ENTRY IS RECOMMENDED.
10
About Speaker_
Get to know more about your wonderful speaker
DR CHOONG KWAI FATT is the pioneer in GST. He is appointed by the Ministry of Finance as one of the panel members reviewing tax reforms in Malaysia, inclusive of the formulation of GST. With his research work on GST being published in 2006 and articles in 2007.
He has more than 24 years’ experience of providing consultancy services to listed companies, audit firms and the Government. Dr Choong is a highly sought GST & tax consultant and speaker. He is highly qualified with both professional accounting qualification and legal qualification. With chartered accountancy from 6 professional bodies and called to bar as an Advocate and Solicitor in Malaysia. Also an avid researcher equipped with a PhD in taxation.
He has won various awards for excellent in tax research and published GST & taxation articles in reputable
journals in and outside Malaysia. His research works have been quoted in many tax cases and have
influenced the formulation of tax policy in Malaysia.
He is known by attendee of his seminar as a man with heart of gold. He is passionate about helping the tax
professionals, accountants, senior executive, lawyers and business owners to enhance in taxation skills,
knowledge and wealth through mitigating of GST risk and implementation. Having more than 20 years of
experience in public speaking, participants love him for this passion in taxation and ability to make complex
tax concept understandable by different walks of life.
He is the expert of experts in terms of GST & tax planning, where he provided advice and personally trained
corporate accountants and professional firms on tax planning and GST implementation. Get ready to take
good notes when you attend his GST implementation seminars. DR CHOONG KWAI FATT
Tax Consultant, Advocate and Solicitor (High Court of Malaya)
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.
What people says about him :
“He is my lecturer for ACCA paper, now a
tax lawyer, after so many years he is still
humorous, able to make complex and
boring taxation into a humorous and fun
event. Definitely coming back for more.”
11
Get Ready_
Tie up your shoe lace, buckle up.
Get ready to dive into a full day
seminar of high impact, compact
and intense path towards
mastering GST.
12
Program Timeline_ 17 & 18 June 2014
The estimated timeline to master GST implementation and registration concerns
8.30 AM REGISTRATION & BREAKFAST
(BREAKFAST PROVIDED)
9.00 AM GST registration with Royal Malaysia Customs (RMC)
and obtain a GST license
Concept of “consumption” tax and its mechanism
Designing tax invoice to capture GST output
Identifying purchases and overhead expenses (with
GST paid) that can qualify for input tax refund/credit
to be deducted from GST output
11.00 AM BREAK (SNACKS PROVIDED)
11.30 AM Studying whether group registration is beneficial for
your company
Suggesting software to be used for GST compliance
Treatment of bad debts
1.00 PM Q & A Session
3.00 PM End of Day 1
Day 1 - 17 June 2014 (Tuesday)
13
11.00 AM BREAK (SNACKS PROVIDED)
11.30 AM How to carry out GST returns, book recording,
and payment of GST
Claiming a refund on GST paid on input
Group registration for GST
1.00 PM Q & A Session
3.00 PM End of Day 2
8.30 AM REGISTRATION & BREAKFAST
(BREAKFAST PROVIDED)
9.00 PM GST treatment on goods returned, treatment of
stock written off
The scope and meaning of a “good accounting
system” as required by Royal Malaysian Customs
GST Rates: standard rate, zero rated and exempt
Transition from existing indirect tax into GST
Burning Question
Highlight of this event is the 2 hours Q & A session from 1 – 3 PM
each day. Where participants will address their GST concerns and get
them answered by Dr Choong. Various companies have found this to
be extremely useful and practical, the opportunity to tap into the
speaker’s insight on issues arising in their company is priceless. Email
us two of your GST Burning Questions to be addressed by the speaker
during Q & A session.
Send us your burning
questions on GST !
Day 2 - 18 June 2014 (Wednesday)
14
Why participants love us_
May be you will like us for the same reason
Content not exhaustive
Taxation is a field which grows
continuously be it arising from
the parliament, the court or the
Custom authority. As such the list
of topics covered is not
exhaustive. We will add on new
current topics as it arises until the
event to ensure we bring you a
seminar packed with maximum
GST implementation ideas.
4 hours Q & A
This is the highlight of the event.
2 hours of non-stop QUESTION AND
ANSWER by the expert on your GST
concerns on each day of the seminar.
GST implementation is about knowing
the strategy to apply in specific
scenario to maximise tax saving in a
legal manner. Sharing of such
experience is vital to both
practitioners and decision maker / GST
implementer.
HRDF claimable
Seminars conducted by Synergy
TAS are eligible for HRDF claims
under the Skim Bantuan Latihan
(SBL) Scheme, subject to prior
application to HRDF by the
employers and its approval.
Expert of the experts
We engage Dr Choong Kwai Fatt to
conduct this GST seminar. Tap into
the creative yet practical mind of
Dr Choong.
10 CPD
10 CPD is awarded and certification
issued by Malaysia's Asia e-
University. Our participants came
from different professional bodies.
We partner with the university to
provide you with a certification
accepted by the various professional
bodies.
15
.
1 -2 pax 5 or more
RM888
Register five or more
participants to enjoy
additional RM 200 off from
early bird price (RM 1,280 -
RM 192 early bird discount -
RM 200 group registration
discount = RM 888). This price
is valid until 16 May 2014.
RM988
Register three or more
participants to enjoy
additional RM 100 off from
early bird price (RM 1,280 -
RM 192 early bird discount -
RM 100 group registration
discount = RM 988). This price
is valid until 16 May 2014.
Register Register Register
Pricing_
Choose the right rate for you.
After 16 May 2014 onwards
the full fee is RM1,280. With group
registration discount of RM100
and RM200 respectively still
applicable after early bird discount
of RM 192.
Registration by
16 May 2014
Registration after
16 May 2014
RM100 off RM200 off
3 – 4 pax
Enjoys RM192 off when
you register by 16 May
2014. Having 3 or more
participants enjoys
additional RM 100 off or
5 or more gets
RM 200 off per
participant.
*
*
*
*
*
*
16
01
REGISTER
ONLINE
Visit our website
to fill up the
registration form
online
02
INVOICE
When you submit
the registration
form, an invoice
will be generated
automatically
and delivered
through email to
the person listed
as contact person
for billing.
03
BANK IN
SLIP
Upon making payment
into our acount, please
email the bank in slip to
billing@synergytas.com
Pay to : "SYNERGY TAS"
[Maybank :
5141 7863 3603]
04
EVENT
REMINDER
One week before the
event we will remind you
again through email,
SMS or call
Synergytas.com/gstkuching
$ i
HOW TO ENROLL FOR THIS EVENT
WE ARE GOOD
AT WHAT WE DO
BECAUSE WE
ARE PASSIONATE
ABOUT IT
See you on 17 & 18 June 2014
Synergy TAS Tax Seminar Specialist
Suite 203, PG-20A,
Ground Floor, Jaya 33,
No. 3, Jalan Semangat, Section 13
46100 Petaling Jaya, Selangor
P. (016) 302 6109 / (019) 311 0625
E. event@synergytas.com
w. synergytas.com/gstkuching
Contact us for any clarification.
We look forward to seeing you.
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