Malaysia Budget 2018: Income Tax | RPGT | GST Latest Updates and Tax Planning

 

Get yourself ready and craft your 2018 Tax Planning with Malaysia Budget 2018 Malaysia!

Malaysia BUDGET 2018 is due to be announced on 27 October 2017.

With the speculation of Malaysia General Election this year , lots of us will likely to be impacted by many of the major updates on Income Tax and RPGT.

In addition, with the speculation of the scope of GST being strengthened Malaysia Budget 2018 will surely fill up the various gap created by these TRIO areas, i.e. changes from Income Tax, RPGT as well as GST. 

As usual, our Malaysia Budget 2018 will stand out due to the extensive Tax Planning and the Complete and Extensive Updates needed for your 2017 and 2018 tax fillings. 

More exciting news! 
This time will conducted over a duration of 2 days too. These are due to the extensive amount of work involved and done just for you.

With so many soon to be seen updates and changes, trust us it really require 2 days to update and absorb the all the practical Tax Planning strategies and updates.

Grab the Very Early Bird Price* NOW !

 

*time limited

What is the seminar about?

The course content (not exhaustive)

The Government will table Budget Proposal 2018 on 27 October 2017. This is an important budget since it is the key to steer the country into developed nation by year 2020.

Malaysia is consolidating its economy with various incentives to nurture SMI and agriculture sectors, while intensifying GST and income tax enforcement.

Based on the latest tax structure, Income Tax, Real Property Gain Tax (RPGT), with the complete integration of Goods and Services Tax (GST), it is time for company to restructure its group of companies, taking into account GST and Income Tax efficiencies.

This 2 days Budget 2018 seminar is complete and practical, covering the Trio of Taxation (Income Tax, RPGT and GST). Include implication and practical application of PU orders issued in 2017 and landmark leading cases decided in 2017 .

Designed with the aim to update tax changes, as well as incorporating latest tax planning and pin point latest tax risk. The seminar content covers latest Budget 2018 changes, also incorporate the comprehensive coverage of latest tax cases, rulings by authority, and tax changes in 2017.


Budget 2018

Part A : Tax Planning on Income Tax and RPGT with Latest Development
(Day 1 – 13 November 2017)

The contents would focus on Income Tax, RPGT, tax incentives and tax enforcement , particularly on Tax Evasion and Tax Audit.

The topics would include:

(a) Budget 2018 on Income Tax, RPGT with its analysis and anatomy

(b) Tax Planning on company with restructuring

(c) The application of single person company under the new Companies Act 2016

(d) SMI : efficiencies in claiming business deduction; Dividend Planning; and Remuneration Packages for directors and shareholders

(e) Tax incentives riding on Budget 2018 – the noting points and its advantages

(f) Outbound business with Labuan Business Entity

(g) Withholding Tax constraints and applications – the NEW regime

(h) Real Property Gains Tax (RPGT) effect on family succession

(i) Tax Planning for individuals – zoom in on benefit in kind

(j) Application of increased chargeable income incentive

(k) Tax Evasion – What are the latest scope, application and compounding offence

(l) Tax Audit – to do settlement or appeal ?

Part B : GST Latest Development & Tax Planning
(Day 2 – 14 November 2017)

GST, with certainty of its rate to be 6% till year 2019, the Budget 2018 would further enhance the scope of GST. The concept and method for its application highlighted with 22 case studies. GST Tax Planning is also incorporated to maximise its benefits.

The topics would include:

(a) Budget 2018 on GST proposal – its implication and application

(b) Setting up Sdn Bhd with single person – What are the the GST consideration?

(c) Employees’ benefit – What are the practical constraints and application?

(d) GST Tax Planning on designated area

(e) Transfer of Going Concern – What are the practical application and noting points?

(f) Supply, Disregarded Supply, Out of Scope supply, Neither Supply : What exactly are their distinction and important demarcation?

(g) Tax Invoice, Invoice, Credit Note and the relationship of 21 Days Rule

(h) Market Value – Understand its practical application, determination and planning aspects

(i) The distinction between Goods and Services, its GST implication

(j) Input Tax Credit (ITC) – useful case studies and its approaches

(k) Export services for Zero Rated – the noting points

(l) GST appeal – practical guidance with case studies

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Who is it for?

Created for Business Owners, Accountants, Financial Personnel, Company Directors and more...

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.

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

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.

Provide pracitical solutions and also alternative to conventional solutions

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About the Speaker

Get to know more about this wonderful speaker

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.”

“The first session on 24th of April really gave me a good implementation plan of GST”

“GST is more complicated than I thought, I am glad that Dr Choong makes it clear and easy to understand.”

DR CHOONG KWAI FATT was the pioneer in GST, he is going to be the pioneer for this New Companies Act. 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 his 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 Tax Planning for Companies , where he provided advice and personally trained corporate accountants and professional firms on Tax Planning for Companies and its implementation. Get ready to take good notes when you attend his Budget 2018 seminars.

 

SpeakerImage1

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.”

Download Speaker Profile

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Program Timeline: 13 & 14 November 2017

The estimated timeline to master Budget 2018 and its concerns

Day One: 13 November 2017, Monday (The Gardens, Mid Valley City)

8.30 AMREGISTRATION & BREAKFAST
(BREAKFAST PROVIDED)
9.00 AMBudget 2018 on Income Tax, RPGT with its analysis and anatomy
Tax Planning on company with restructuring
The application of single person company under the New Companies Act 2016
10.15 AMTEA BREAK (SUMPTUOUS MEALS PROVIDED)
10.30 AMSMI : efficiencies in claiming business deducton; Dividend Planning; and Remuneraton Packages for directors and shareholders
Tax incentves riding on Budget 2018 – the noting points and its advantages
Outbound business with Labuan Business Entity
12.30 PM LUNCH (SUMPTUOUS MEAL PROVIDED)
1.30 PMWithholding Tax constraints and applicatons – the NEW regime
Real Property Gains Tax (RPGT) effect on family succession
Tax Planning for individuals – zoom in on benefit in kind
3.00 PM TEA BREAK (SUMPTUOUS MEALS PROVIDED)
3.15 PMApplication of increased chargeable income incentive
Tax Evasion – What are the latest scope, application and compounding offence?
5.00 PMQ & A Session
7.00 PMEnd of live event

Day Two: 14 November 2017, Tuesday (The Gardens, Mid Valley City)

8.30 AMREGISTRATION & BREAKFAST (BREAKFAST PROVIDED)
9.00 AMBudget 2018 on GST Proposal – its implicaton and applicaton
Setting up Sdn Bhd with single person – What are the the GST consideration?
Employees’ Benefit – What are the practical constraints and application?
10.15 AMTEA BREAK (SUMPTUOUS MEALS PROVIDED)
10.30 AMGST Tax Planning on designated area
Transfer of Going Concern – What are the practical application and noting points?
Supply, Disregarded Supply, Out of Scope supply, Neither Supply : What exactly are their distinction and important demarcation?
12.30 PMLUNCH (SUMPTUOUS MEAL PROVIDED)
1.30 PMTax Invoice, Invoice, Credit Note and the relatonship of 21 Days Rule
Market Value – Understand its practical application, determination and planning aspects
3.00 PMTEA BREAK (SUMPTUOUS MEALS PROVIDED)
3.15 PMThe distincton between Goods and Services, its GST implication
Input Tax Credit (ITC) – useful case studies and its approaches
Export services for Zero Rated – the noting points
GST Appeal – practical guidance with latest case studies
5.00 PMQ & A Session
7.00 PMEnd of live event

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3 Ways to Register

There are 3 ways you can register. Choose any of the following.

1. Register Online (Most Popular Option!)

You will receive an email containing the Tax Invoice after submitting the Online Form.
This is the Fastest and Most Convenient way to register yourself for this exciting upcoming event.
Fill up the Online Form and Click Submit button, you shall receive an email for the Tax Invoice.
Follow the Payment Method on the Tax Invoice to make payment.
If you are making payment while filling up this Online Registration form, you can upload your payment transaction slip too.

Click here to Register Online

2. Download the Physical Form (For Hardcopy Registration)

This is the Best Option for you to get your approval from management!
Simply click below to download the Form and fill them.
Thereafter, scan and email your form to us.
We will process the form and have the Tax Invoice to be emailed to you.
Follow the Payment Method on the Tax Invoice to make payment.



Click here for Physical Registration Form

3. Email Us (For Multi-Company Registration)

For those who are in GROUP REGISTRATION and require MORE THAN 1 Tax Invoice. You can email to us via event@synergytas.com with the following information:
Participant's Name, Gender, Valid Contact Number, Designation, Email.
Company's Particulars and the person to be liased in relation to payment.
If you require Tax Invoice for different Companies, kindly indicate in the email for example:
Participant 1 under Company A's Tax Invoice;
Participant 2 and Participant 3 are under Company B's Tax Invoice, etc.
We will do the necessary and email you the Tax Invoice.
Follow the Payment Method on the Tax Invoice to make payment.

Click here to Email Us

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Price/ Register Online

Choose the right category based on Number of Participants

RM2,960+ Normal Price

Register for this event at normal price per pax for 2 days
Fee is subject to 6% GST.


Register of 1-2 pax

RM2,760+ Group of 3 - 4

Register three or more participants to enjoy additional RM 200 off
(RM 2,960 - RM 200 group discount
= RM 2,760+ per pax) for 2 days
Seat are limited and subject to availability. Fee is subject to 6% GST.

Register Group of 3 - 4 pax

RM2,560+ Group of 5 or more

Register five or more participants to enjoy additional RM 400 off
(RM 2,960 - RM 400 group discount
= RM 2,560+ per pax) for 2 days
Seat are limited and subject to availability. Fee is subject to 6% GST.

Register Group of 5 or more pax

Meet Dr Choong Kwai Fatt live. He is known for his ability to simplify complicated tax law, into reader friendly and easily digest pieces.

With opportunities to meet up with friends and peers whom are equally interested in updating and learning the latest tax treats and tricks. Networking and catch up on the latest development, sharing of ideas and various solutions.

BONUS :

2 HOURS OF Q & A SESSION

Camp-Fire-Stories-icon

Highlight of the event is the 2 hours Q & A session from 5 – 7 PM. Where participants will address their own tax concerns and get them answered by the tax expert himself. Various companies has find this to be extremely useful and practical, in view that each company is distinct and the opportunity to tap into the speaker’s insight on issues arising in their company is priceless.

In addition, the questions asked and addressed by Dr Choong is a great learning opportunity for all participants, an eye opener and enhanced our skills and experience exponentially.

HRDF Claimable – subject to employer obtaining prior approval from HRDF.

Group registration of three enjoys RM 200 off for each participant.

Group registration of five enjoys RM 400 off for each participant.

Budget 2018 focuses on three main components :

1. Income Tax
2. RPGT
3. GST

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Venue

More information about the venue


The seminar will be held in Ballroom, Level 5, The Gardens Hotel, Mid Valley City

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.

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 prior to attending seminar.

Flat rate of RM 5 per entry with validation for parking in Zone B, U or Premier parking zone.

roadmapAddress :

THE GARDENS HOTEL & RESIDENCES – ST GILES LUXURY HOTEL
The Gardens, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Tel: 603 2268 1188 • Fax: 603-2284 8998
Email: infoghr@stgiles-hotels.com

 

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Why participants love our tax seminars

Maybe you wil like us for the same reason

HRDF Claimable

The Expert of the Experts

Seminars conducted by Synergy TAS PLT are eligible for HRDF claimable, subject to prior application to HRDF by the employers.

We engage Dr Choong Kwai Fatt to conduct this Budget 2018 Tax Planning seminar. Tap into the creative yet practical mind of Dr Choong.

Topics Expanding

10 CPD Awarded Per Day

Taxation is a field which grows continuously. With changes made continuously be it from the Parliament, the Court or the Tax Authority. The list of topic covered in this seminar is not exhaustive. We will add on new topics as it arises until the event to ensure we bring you a seminar packed with maximum Tax Planning ideas.

10 CPD Per Day (20 CPD) is awarded and Certificate of Attendance based on that is to be issued. Our participants come from different professional bodies. We provide you a certification which is widely accepted by the various professional bodies. The final CPD accepted by professional bodies vary and is at the discretion of each bodies’. For Bar Council CPD is total 10 CPD, CPD Code : T2/1314112017/CCPST/KL172482/10

2 Hours of Q & A

Let us do the muscle and brain work for you

This is the highlight of the event. 2 Days of 2 hours of non-stop QUESTION AND ANSWER by the expert on your tax concerns. Tax Planning is about knowing the strategies to apply in specific scenario to maximise tax saving in a LEGAL MANNER. Sharing of such experience is paramount to us.

While you focus on revenue generating and operation, on things that matters, we do all the muscle and brain work just for you. We compile all the latest tax updates. Process and summarise them into understandable language. Best of all, we develop, package and give you the latest GST implementation. What you need to do is just comprehend and apply them.

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Frequently Asked Questions

Read on for questions commonly asked by participants

CAN I CHANGE PARTICIPANT NAME LATER?

Yes, we do understand plans are always subject to change. Do provide us the name two weeks before the event date. If change of name were to notify after we have printed the certificate, reprinting of cert can be done with a certificate reprinting administrative fee of RM 100.

CAN I GET THE MATERIALS PRIOR TO THE EVENT?

We wish we can answer yes to this. Our seminar is based on latest and most update rules and regulations, with a cut off point of 1-2 weeks before the event. The earliest date to get the seminar materials is one week prior to event date. In this regard, we will have to turn down all request to deliver materials prior to event date.

WILL MY DATA BE SAFE?

We upheld Data Protection Act. We will not disclose the information of who attended our seminar to third party. You are in good hands!

We trust the above clarifies your enquiries in relation to CPD. We thank you for your support and do drop by an email if you have further concerns.

MORE QUESTIONS?

+6016-302 6109 or +6016 328 6312 Call or email us to event@synergytas.com any time Monday to Friday and we’ll help out!

CAN I CHANGE TO A DIFFERENT SESSION OF THIS EVENT?

Unfortunately, most of the session will not be repeated. Should there be a similar session, you can change to other session of the same event, subject to availability. Refund is not possible but replacement can be accepted prior to the event.

I ATTENDED THE BUDGET TALK BY OTHER ORGANISERS, SHOULD I STILL ATTEND THIS SEMINAR?

Yes. This seminar does not just cover updates, it covers the most crucial question : “How to implement and embed them into my company system?”. Join us and expect to bring how practical solutions and implementation pointer.

CAN I CLAIM CPD?

We provide 20 CPD for our event, however professional bodies has its own internal rules.

Some of the professional bodies do limit the CPD claimed to 8 CPD per seminar day. This part is unfortunately beyond our control.

For Bar Council Approved CPD is total 10 CPD, CPD Code : T2/1314112017/CCPST/KL172482/10

HOW ARE WE DIFFERENT FROM OTHERS?

We distinguish ourselves based on three areas. We are specialist in tax seminar

We are reputable event organising company set up to organise advanced tax planning event. Our motto is to encourage the policy of “Plan your tax, DO NOT evade tax!”.

Our well researched materials

Our participants mainly consist of corporate leaders, practitioners and senior executives, we hold firm to the view that we must do all it takes to maximise learning and impact in minimum amount of time. We take pride in providing the most updated and well researched information. “We do the research, so that you do not have to”.
Tax is a highly technical subject, we are known for compiling, complete sets of information needed for participants to refer after the event. Do expect to carry back to office at least a thick 2 inches file, in fact for this event reserve two file space for the seminar materials.

Best speaker

A speaker will make or break an event. Our seminars do attract the best talents in the industry, we commit to only engage top speaker and subject matter expert for all events organised by us.

Our events are HRDF claimable (subject to approval by participant)

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