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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.

THIS COURSE COVERS CORE AREA OF GST,

IT IS APPLICABLE TO ALL INDUSTRY.

GST :

INTERMEDIATE Peace of mind for Goods and Services Tax

- Registration and compliance

10 JULY 2014 ( 9 – 7 PM) |

DR CHOONG KWAI FATT |

GRAND HYATT, KUALA LUMPUR

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

10 CPD

Early bird until 30 May 2014

www.synergytas.com/gstkls3

BEFORE YOU EMBARK ON GST IMPLEMENTATION

To ensure participants derived maximum benefit during each GST Intermediate seminar, we alter the content according to burning questions submitted and the industry our participants are coming from.

WELCOME

We are thrilled that you are interested in GST Intermediate, the GST course created exclusively for commercial companies, regardless of which industry you are from.

Our mission is to help you expedite the learning curve. The solutions to problem which will eat into the already limited time left for GST implementation which at this point you may not even know it exist.

Whether you are new to GST or have attended the 10 days GST course conducted by Royal Malaysian Customs (RMC). We are here to enable your business to be turned into an even more profitable one by incorporating the missing key ingredient to GST implementation.

Best wishes,

Synergy TAS

• Well researched content to shorten your learning curve

• Provide step-by-step approach to ease GST Implementation

• An examination of answer to tough yet practical questions

by business operators

• Guide to selection of GST software

• Guide to avoid pitfall in GST implementation

• Identify potential technical errors in GST implementation

SEMINAR’S

OBJECTIVE

GST

GST IS COMING

FOR REAL

GST : Implementation

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.

“ 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

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.

∞ This is not an ordinary

GST seminar_ We focus on “how-to” implement GST

GST intermediate’s comprehensive content, with the objective to get you ready for GST implementation. As opposed to the conventional “knowledge” based seminar which provides answer to the “what is” GST, this event is designed to provide the highly sought depth and answer to tough implementation issues.

NOT THE ORDINARY WHAT IS GST SEMINAR.

When you look at the content below, please see them from the perspective of “how to” implement GST.

Module 1 :Foundation to GST [question of Supply]

(a) The technical concern of GST being a consumption tax

(b) The implication of supply, mix supply and deemed supply

(c) Valuation concept on supply

(d) Rate of GST : standard rate, zero rated and exempt

Module 2 : Invoicing & output tax

(e) Designing tax invoice to capture GST output and other invoice’s features

(f) Advanced aspect to GST treatment on goods returned, treatment of stock written off

Knowledge is important;

Implementation plan is

also the main focus for

this seminar.

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

Module 3 : Computation of Input tax credit

(g) Identifying purchases and overhead expenses (with GST paid), that can qualify for input tax refund/credit to be deducted from GST output

(h) Question of gift and promotional expenses

(l) Incentive scheme of manufacturers

Module 4:Transitional issues

(j) Treatment of bad debts

(k) Transition from existing indirect tax into GST

Module 5 : Registration & GST Compliances (GST returns and payments)

(l) Whether to obtain GST registration with RMC office and obtain a voluntary registration

(m) Go or not to go for group registration

(n) GST Compliance matters

Module 6 :Contentious issues

(o) The scope and meaning of a “good accounting system” as required by Royal Malaysian Customs

(p) Technical errors possible to be accounted with GST implementation

(p) Various contentious issues submitted as burning question (HOT!!!) – This is our favourite part of the event, where practical and the know-how is put to the test.

As more implementation matter is announced by RMC, the content will be updated accordingly.

Who is it

for_

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.

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

What people says about him :

“This is so worth it.”

“Good job, good job…”

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.

3 THINGS YOU SHOULD KNOW BEFORE ENROLLING FOR THIS EVENT

GST Intermediate is the most highly demanded GST seminar, and we know the reason why.

POINT ONE : UNIQUE CONTENT,

OUTSTANDING SPEAKER

Other GST seminar focus on just

scratching the surface of “what is GST”, we

specifically design this seminar to be

practical in nature. We focus on not just

“what is GST”, also on “how to implement

GST”.

Conducted by renowned speaker, author

and tax consultant, Dr Choong Kwai Fatt.

His experience as member of Malaysia tax

review board is invaluable.

POINT TWO : GREAT MATERIALS

This is third session of GST Intermediate

organized by Synergy TAS. First two

session was sold out within a month of

launching.

We place emphasis on providing great

materials. We give structure as to what

you need to learn, by inserting the context.

In addition, the content of the seminar is

customized according to attendee of the

seminar.

Dr Choong prepares the seminar material

based on industry of the participants. As

such the contents are expanded according

to attendee with focus being placed on

GST concerns faced and its solutions will

be presented during the seminar.

POINT THREE : WE LISTEN TO YOUR

CONCERNS

Most seminar focus on one sided

communication, the speaker speaks whilst

you listen. In GST: Intermediate, we focus on

you, we listen before we speak.

We crafted a special section where you can

submit your “burning question” before

attending the seminar. It is our fundamental

policy to provide answer to your technical

GST questions. We will expand on the

content presented during seminar based on

burning question submitted.

2 hours allocation to address burning GST

questions.

Program Timeline_ 10 July 2014 The estimated timeline to master GST implementation and registration concern:

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

10 July 2014 10.15 AM BREAK (SNACKS PROVIDED)

10.30 AM Studying whether group registration is beneficial for

your company

Suggesting software to be used for GST compliance

Treatment of bad debts

12.30 PM Lunch (Meal Provided)

1.30 PM GST treatment on goods returned, treatment of stock

written off

Send us your burning questions on GST !

Burning Question

Highlight of this event is the 2 hours Q & A session, 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.

Claiming a refund on GST paid on input

Group registration for GST

5.00 PM Q & A Session

7.00 PM

End of live event

Transition from existing indirect tax in GST

The scope and meaning of a "good accounting

system" as required by Royal Malaysian Customs.

GST Rates: standard rate, zero rated and exempt

3.00 PM BREAK (SNACKS PROVIDED)

3.15

How to carry out GST returns, book recording, and

payment of GST

10 CPD

10 CPD is awarded and certification issued by Malaysia's Asia e-University. Our participants come from different professional bodies. We partner with the university to provide you a certification accepted by various professional bodies.

Why participants

love us_ May be you will like us for the same reason

2 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.

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.

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 near the event to ensure we bring you a seminar packed with maximum GST implementation ideas.

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.

RM 888

RM 1,080

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 30 May 2014.

Pricing_

Choose the right rate for you.

After 30 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 30 May 2014

Registration after 30 May 2014

1 -2 pax 3 – 4 pax

RM100 off

5 or more

RM200 off

RM1,088

RM 1,280

RM 988

RM 1,180

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 30 May 2014.

Register

Enjoys RM192 off when you register by 30 May 2014. Having 3 or more participants enjoys additional RM 100 off or 5 or more gets RM 200 off per participant.

Register Register

WE ARE GOOD

AT WHAT WE DO

BECAUSE WE

ARE PASSIONATE

ABOUT IT

See you on 10 July 2014

Contact us for any clarification. We look forward to seeing you.

Synergy TAS Bringing you the best seminars in town

Suite 153, PG-15A,

Ground Floor, Jaya 33,

No. 3, Jalan Semangat, Section 13

46100 Petaling Jaya, Selangor,

Malaysia.

P. (016) 302 6109 / (019) 311 0625

E. event@synergytas.com

w.www.synergytas.com/gstkls3