Budget 2024 Highlights, E Invoicing, Updated Transfer Pricing Rules 2023 and SST Budget 2024

17 Apr, 2024, Remote Online Training - Public

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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 managing multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years’ work ing 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 has 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 specializing in Fast closing monthly, leadership, Strategic Planning, Sales Management, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Remote Online Training - Public

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
  • 2024 Budgets Highlights
  • E-Invoice
    - Introduction
    - E-Invoice Mechanism
    - Understanding the guides issued by IRB
    - Application of E-Invoice for Accounting & Other Business Transactions
    - Actions to be taken to get ready for the implementation.
  • Transfer Pricing Rules 2023
INTRODUCTION

Every year the tax system goes through various changes focusing of the national objective for the budgeted year.

The application of E-invoice in billings of commercial activities and the capturing of cost in Accounting as announced by LHDN to be implemented in phases from August 2024 onwards, will also affect your daily Accounting and Invoicing Operation.

They need to know when to issue an E-Invoice to customers to capture the revenue, when to issue self-bill invoice to capture the cost, when suppliers are not required to issue E-invoice, etc. are all essential knowledge and skills that all staffs in the organization’s accounting and other departments, such as Sales, Purchasing, Human Resources, etc. will need to know and possess.

It is therefore essential that all the Accounting and other Operational function staffs, get equip with the E-Invoice mechanism in our daily Accounting and Business operation.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Increasing your understanding of the various tax and incentive updates introduced in the 2024 budget.
  2. Improving your tax planning effectiveness.
  3. Being equipped with the requirement of E-Invoice requirements in your day-to-day Accounting work.
WHO SHOULD ATTEND
  • Entrepreneurs, SME Business owners & Directors.
  • Company Secretaries and Secretarial Assistance
  • Other Corporate Non-Financial Managers
  • Accountants / Accounting Graduates,
  • Accounts Executives & Accounts Supervisors,
  • All other persons who are involved in and/or interested to learn and enhance their Basic Taxation knowledge for their business operations.
METHODOLOGY
  • Interactive Lectures
  • Discussion
  • Questions & Answers
COURSE CONTENT
9:00

2024 BUDGETS HIGHLIGHTS ON

  • Individuals
  • Business
  • Tax Incentives
  • Stamp Duties
  • Capital Gain Tax
  • Sales and Services Tax
  • Excise Duties
  • High Value Good Tax
  • Others
10.45

E-INVOICE

  • INTRODUCTION

- What is e-Invoice and its Scope of coverage?
- What transaction type does E-Invoice cover?
- Parties Exempted

  • E-INVOICE MECHANISM

- E-Invoice mechanism and flowchart under:
- IRB’s MyInvois model
- Application Program Integration (API) model

  • UNDERSTANDING THE GUIDES ISSUED BY IRB:

- E-Invoice General Guide
- E-Invoice Specific Guide
- Other FAQ from IRB
- Information to be shown in the E-Invoice:
• Compulsory information
• Non-compulsory information

 

 

1:00 Lunch
2:00

E-INVOICE

  • APPLICATION OF E-INVOICE FOR ACCOUNTING & OTHER BUSINESS TRANSACTIONS

- Reimbursement and Disbursements,
- Penalties
- Employment Perquisites and Benefits
- Importation of goods and services
- Rental or Expenditure incurred from parties exempted from e-Invoice.
- Commission payments to Agents, Dealers, Distributors (ADD)
- Interest received from Financial Institutions

  • ACTIONS TO BE TAKEN TO GET READY FOR THE IMPLEMENTATION.
3:45

TRANSFER PRICING RULES 2023

  • Definition of Arms-length
  • Meaning of Contemporaneous on TP Documentation
  • Updating Requirements
  • Comparison Periods
  • Others.
5:00 End of Course