Sales Tax 2018 : Latest Challenges, Exemptions, and Submission for Manufacturers and Importers

 

INTRODUCTION

Many Manufacturers thought that the SYSTEM and PRACTICE in NEW MALAYSIA 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 this Malaysia Sales Tax Act 2018 as “SST 2.0”. The past experience is useful; however it ALSO creates the DANGER of Non-Compliance in many areas.


This NEW Malaysia Sales Tax 2018 Seminar by Thenesh 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 Malaysia Sales Tax 2018 Seminar.

 

WHY IS THIS SALES TAX 2018 SEMINAR SO POPULAR ?

 

This Malaysia Sales Tax Act 2018 Seminar provides Manufacturer, Importers and Consultants with :

1. Real, Practical Insights and suggested Solutions to LATEST POST IMPLEMENTATION
Challenges;

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

3. 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.

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

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

6. Reveal the Latest Correct Tax Efficient Corporate Structure.

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What is this programme about?

The course content (not exhaustive)

THIS MALAYSIA SALES TAX 2018 SEMINAR STANDS OUT IS SPECIALLY ARRANGED BY DEMAND 

THE SCOPE AND CONTENTS FOR MALAYSIA SALES TAX 2018 INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

1. Understand the extensive coverage of the word “Manufacturer”. To what extend it is applicable?

2. Tax Invoice, Debit Note, and Credit Note :

2.1. What are the MANDATORY Details and Solutions to common Compliance Challenges?

3. LIMITED SCENARIOS to issue Credit Note :

3.1. What are the Criteria and the Grey Areas?

3.2 What is the Approach you should take when it falls under these Grey Areas?

4. Hands-on Guidance to complete your First Sales Tax Return with confidence.
A Must Know !

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

6. Know the Anti-Profiteering Regulations 2018.

6.1. What are the Risks involved & What are the Supporting Documents required to avoid
them

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

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

8.1. The Mechanism and how to JUSTIFY the approach taken.

9. Clear Understanding on Valuation Rules on Importation.

10. Special Requirements on Sales to “Connected Person”

10.1. Who falls under this Category and what Extra Procedures are Needed?

11. Guidance on Pricing Policies and Documentation for Sales to Subsidiary, Parent or related Companies.

12. Confused by Contradictory Opinions over Sales Tax’s Technical and Administrative Procedures ?

12.1. Learn how you can get an Answer with Certainty from Royal Malaysian Customs.

13. What are the available Sales Tax Exemptions and Criteria?

13.1  Learn the Practical Solutions to fulfill Post Approval Conditions.

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

15.  How to get Drawback (known as Refund of Sales Tax)?

15.1.  How it applies to Importation by Manufacturers, and Non-Manufacturers?

16.  What are the Special Rules for Sales to :

16.1. Government

16.2. Licensed Manufacturing Warehouse (LMW)

16.3. Manufacturer in Free Industrial Zones (FIZ)

16.4. Transactions involving Free Commercial Zones (FCZs) and ;

16.5. Licensed Warehouse Bonded Warehouse

17. and many more…

SUBMIT YOUR 1ST SALES TAX RETURN WITH CONFIDENCE !

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Who is it for?

Created for the Business and Financial decision makers

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.

 

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.

 

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

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Thenesh Kannaa is an acknowledged Tax Authority and is a highly sought after speaker and provided 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.

He is the Exco Member of the renowned International Fiscal Association (IFA)’s Malaysian branch and a 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.

Thenesh is a qualified and stands out as a Professional Tax Speaker due to his vast
experience and expertise.

Thenesh is a fellow member of the Association of Chartered Certified Accountants (FCCA, UK) and a member of the Malaysian Institute of Accountants (MIA), the Chartered Tax Institute of Malaysia (CTIM) and the International Fiscal Association (IFA, Netherlands).

He also holds a diploma in International Taxation from the Leiden University, Netherlands. Thenesh is a licensed tax agent – both under the Income Tax Act 1967 and the GST Act 2014. He is also a member of the CTIM’s Editorial Committee and the Technical Committee for Indirect
Taxes.

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.

His constant participation in speaking engagement has perfected his public Speaking Skill to being able to personalised and deliver difficult Tax Concepts to diverse crowd ranging from experts in tax field, decision maker of multinationals and corporate, accountants, under graduates and person with no accounting nor tax background. Get ready to take good notes when you attend this Malaysia Sales Tax ( Sales Tax 2018 )seminar.

 

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

Thenesh Kannaa

Tax Consultant, Speaker, and Author
CA(M), FCCA, FCTIM.

 

 

Click the icon below to download the speaker’s full profile.

Download Speaker Profile

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Program Timeline : 29 October 2018 (Monday)

The estimated timeline to discover Malaysia Sales Tax 2018

29 October 2018, Monday (The Gardens, Mid Valley City, KL)

8.30 AMREGISTRATION & BREAKFAST (BREAKFAST PROVIDED)
9.00 AM

Understand the extensive coverage of the word “Manufacturer”.

Tax Invoice, Debit Note, and Credit Note

LIMITED SCENARIOS to issue Credit Note

10.15 AMBREAK (SNACKS PROVIDED)
10.30 AM

Hands-on Guidance to complete your First Sales Tax Return

Highlighting Challenges to Transitional Issues

Know the Anti-Profiteering Regulations 2018.

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

12.30 PMLUNCH (MEAL PROVIDED)
1.30 PM

Valuation Rules for Sales Tax Registered Manufacturer.

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.

3.30 PMBREAK (SNACKS PROVIDED)
4.00 PM

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

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?

How to get Drawback (known as Refund of Sales Tax)

5.00 PMQ & A Session

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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

RM1,188 Early Bird Price 1 - 2 Pax

Enjoys RM 200 off when you register by 23 October 2018.
Register at Early Bird Price to enjoy RM 200 off (RM 1,388 - RM 200 early bird discount = RM 1,188 per pax)
Early Bird price ends on 23.10.2018. Seats are limited and subject to availability.

Register of 1-2 pax Online

RM1,388 Normal Price 1- 2 Pax

Register for this event at normal price.
This rate applicable to registration after 23 October 2018.


Register of 1-2 pax Online

RM1,088 Group of 3 - 4 Pax

Register three or more participants to enjoy additional RM 100 off =
(RM 1,388 - RM 200 early bird discount - RM 100 group registration discount = RM 1,088 per pax)
Early Bird price ends on 23.10.2018.
Seats are limited and subject to availability.

Register Group of 3 - 4 pax Online

RM988 Group of 5 Pax and more

Register five or more participants to enjoy additional RM 200 off =
(RM 1,388 - RM 200 early bird discount - RM 200 group registration discount = RM 988 per pax)
Early Bird price ends on 23.10.2018.
Seats are limited and subject to availability.

Register Group of 5 or more Pax Online

Meet Thenesh Kannaa live, he will reveal the latest Challenges, Exemptions, and more importantly, the first ever Submission on Return for Manufacturers and Importers under this New Malaysia Sales Tax Act 2018. Thenesh will present practical solutions during this Malaysia Sales Tax 2018 seminar. 

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.

 

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

Early bird is applicable until 23rd October 2018.

Group registration of three enjoys RM 100 off for each participant.

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

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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 after 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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HRDF Claimable*

The Expert of the Experts

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

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

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

We engage Thenesh Kannaa to conduct this Malaysia Sales Tax ( Sales Tax 2018 ) seminar. Tap into the effective yet practical mind of Thenesh himself.

Topics Expanding

10 CPD Awarded

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

Malaysia Sales Tax (Sales Tax 2018), similar to other 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. New topics will be included as it arises until the event to ensure latest information given to you.

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

10 CPD is awarded and Certificate of Attendance based on that is to be issued. Our participants came 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 subject to each bodies’ discretion.

2 Hours of Q & A

Let us do the muscle and brain work for you

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

This is the highlight of the event. QUESTION AND ANSWER by the expert on your corporate and tax concerns. Malaysia Sales Tax ( Sales Tax 2018 ) is about knowing the strategy to apply in specific scenario to prepare the documentation. Sharing of such experience is paramount to all.

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

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 most up to date laws and the latest tax updates. Process and summarise them into understandable language. We develop, package and give you the relevant guides and references. What you need to do is just comprehend and apply them.

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