LATEST TECHNICAL UPDATES After SST IMPLEMENTATION

2 days workshop

INTRODUCTION

With effect from 1/6/2018, Minister Order on the rate of GST of 6% has been changed to 0%. The zero-rated order and various order have been repealed at the same time for paving the way for the re-introduction of Sales Tax and Service Tax. (SST).

This training seminar is therefore to help GST registered and NON-GST registered persons (as the threshold for SST registration is lower) to prepare and assist them in their management during this migration transition period and planning for their eventual migration from the current GST mechanism to that of the SST mechanism, with ease. 

Course Objectives                                                                                                                                   
By the end of this course you will be able to:

  1. What is the difference between GST & SST?

  2. What does this mean for my business?

  3. What can I do?

  4. Highlight the SST IMPLEMENTATION process

  5. Preparing and addressing critical transition issues for businesses

METHODOLOGY

Group Discussion. Real-current GST & SST issues will be analyzed and scenario solutions will be discussed within the workshop.

WHO SHOULD ATTEND

Entrepreneurs, Bankers, Accountants, CFO, CEO, Business Managers, Finance Managers, Supervisors, and Managers

Special Feature: NOTE: Please bring laptop along

PROGRAMME OUTLINE

Day 1

Module 1: What is the difference between GST & SST?

  • Taxable Rate

  • Taxable period

  • Supply chain

  • Cash vs accrual system

  • Input tax

Module 2: SST Technical Updates 

  • Oct 2018- drawback for the full sales tax amount paid by any person in the course of exporting taxable goods is allowed.

  • Nov 2018-

    • Revised Guide on Advertising Services

    • Revised Guide on Food and Beverages

    • Revised Guide on Information Technology (IT) Services (As at 9 November 2018)

    • Revised Guide on Telecommunication Services (As at 31 October 2018)

    • Filing of Final GST Return

Module 3: SALES TAX -Overview 

  • Proposed Legislation

  • Scope and Charge

  • Sales Tax Mechanism

  • Interpretation of Manufacture

Module 4: SALES TAX – Administrative & Rates

  • Taxable Person

  • Taxable Goods

  • Rate of Tax

Module 5: SALES TAX – Valuation, Returns & Payment 

  • Sales Tax Valuation

  • Taxable Service

  • Registration

  • Returns / Payment

Module 6: SALES TAX – Exemption, facilities & Accounting 

  • Exemption & Facilities

  • Special Rules

  • Accounting

  • Miscellaneous

Module 7: Discussion on Sales TAX  2018

  • Sales Tax

  • Registration for Sales Tax

  • Invoicing, Return and Payment

  • Transitional Issues


Day 2

Module 8: SERVICE TAX – Overview 

  • Proposed Legislation 

  • Scope and charge 

  • Service tax mechanism

Module 9: SERVICE TAX – Taxable person & goods

  • Taxable person 

  • Taxable goods 

  • Rate

  • Taxable services

Module 10: SERVICE TAX – Registration, Returns & payment 

  • Registration 

  • Returns / Payment 

  • Contra System Facility

Module 11: SERVICE TAX – Special rules & Accounting 

  • Special rules for specific areas

  • Accounting

  • Miscellaneous

Module 12: Key differences between the previous Sales Tax Act 1972 & Service Tax Act 1975, with the Sales Tax Model 2018

  • Legislation

  • Registration Requirements

  • Determination of Turnover

  • SST Return

  • Late payment

  • Exemption and Facilities

  • Accounting

  • Designated Areas

Module 13: Discussion on Service TAX  2018

  • Service Tax

  • Registration for Service Tax

  • Invoicing, Return and Payment

  • Transitional Issue

Module 14: BUSINESS PREPARATION

  • Is SST would be applicable to my organization?

  • Price adjustments to be done

  • How about on-going contracts with vendors and customers?

  • How about new Contracts to be signed?

  • Advance billings & prepayments

  • Final GST Returns

  • Final GST Audits

  • Managing Income , costing & profitability

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 Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA. 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years’ period

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle,  IQPC Worldwide Pte Ltd , Singapore,  Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei,   Risda Group Of Companies,  Sales & Marketing Training  Forum, Sri Lanka, Giant Retail Sdn Bhd,  Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd,  Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

He is currently providing management consultancy and training specialising in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Testimonials from Past Participants

“The overall SST course contents & deliveries were of quality especially on SST implementation, Tax Exemption, chargeable income & cost” Enersea Resources Sdn Bhd, Account & Finance Manager 

“Learnt a lot on SST especially on Schedule A, B & C “Rotork (Malaysia) Sdn Bhd, Planning / Logistic & Admin Manager

SST Implementation - 2 Days

SST Implementation- Forwarding Sector

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