GST :

INTERMEDIATE Peace of mind for Goods and Services Tax

- Registration and compliance

17 & 18 July 2014 ( 9 – 3 PM ) |

DR CHOONG KWAI FATT |

PULLMAN , KUCHING

www.synergytas.com/gstkuching

HRDF Claimable (Subject to employer’s application to PSMB)

10 CPD

Early bird until 13 June 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 June 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

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(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 July 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 July 2014 (Thursday)

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 July 2014 (Friday)

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 13 June 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 13 June 2014.

Register Register Register

Pricing_

Choose the right rate for you.

After 13 June 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

13 June 2014

Registration after

13 June 2014

RM100 off RM200 off

3 – 4 pax

Enjoys RM192 off when

you register by 13 June

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 July 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.