Latest Technical Updates After SST Implementation

26 Apr, 2019, Furama Hotel Kuala Lumpur

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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 multinational 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 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 specializing in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Furama Hotel Kuala Lumpur
136, Jalan Changkat Thambi Dollah, 55100 Kuala Lumpur,
Phone : 03-2788 8888

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Module 1: SST Technical Updates
  • Module 2: SALES TAX -Overview
  • Module 3: SALES TAX – Valuation, Returns & Payment
  • Module 4: SALES TAX – Exemption, Facilities & Accounting
  • Module 5: SERVICE TAX – Taxable Person & Goods
  • Module 6: Key Differences Between The Previous Sales Tax Act 1972 & Service Tax Act 1975, With The Sales Tax Model 2018
  • Module 7: BUSINESS PREPARATION

    LAPTOP REQUIRED
OVERVIEW

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 course 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.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB...
  1. Understanding what is the difference between GST & SST?
  2. Knowing what does this mean for my business?
  3. Knowing what can I do?
  4. Highlighting the SST IMPLEMENTATION process
  5. Preparing and addressing critical transition issues for businesses
TESTIMONIALS FROM PAST PARTICIPANTS

“Very interactive with problem solving session.”
Eriks Sdn Bhd, Finance Manager
“The course objectives were clearly communicated. It was a timely especially for Service tax.”
Hotel Royal Kuala Lumpur, Financial Controller
“This SST truly meet my expectation. Got further details on Sales Tax Exemptions.”
Aquaspersions Sdn Bhd, Office Manager
“The SST were comprehensive enough and know what items that affect SST and also the rates of SST.”
Watertec (Malaysia) Sdn Bhd, Marketing Coordinator
“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


 
COURSE OUTLINE
9:00 MODULE 1: 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
10:45 MODULE 2: SALES TAX - OVERVIEW
  • Proposed Legislation
  • Scope and Charge
  • Sales Tax Mechanism
  • Interpretation of Manufacture
12:00 MODULE 3: SALES TAX – VALUATION, RETURNS & PAYMENT
  • Sales Tax Valuation
  • Taxable Service
  • Registration
  • Returns / Payment
  MODULE 4: SALES TAX – EXEMPTION, FACILITIES & ACCOUNTING
  • Exemption & Facilities
  • Special Rules
  • Accounting
  • Miscellaneous
1:00 Lunch

2:00 MODULE 5: SERVICE TAX – TAXABLE PERSON & GOODS
  • Taxable person
  • Taxable goods
  • Rate
  • Taxable services
  MODULE 6: 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
3:45 MODULE 7: 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
5:00 End of Course
WHO SHOULD ATTEND
Entrepreneurs, Bankers, Accountants, CFO, CEO, Business Managers, Finance Managers, Supervisors, and Managers
METHODOLOGY
Group Discussion. Real-current GST & SST issues will be analyzed and scenario solutions will be discussed within the course.