Retrospective View for Future Enhancement

Transcription

1 T E L : F A X : E M A I L : i b n g l o b a i n t e l - b i z n e t. c o m Retrospective View for Future Enhancement HOTEL PULLMAN KUALA LUMPUR BANGSAR MODERATORS S.M. Thanneermalai Managing Director, Tax Crowe Horwath, Malaysia Tan Sim Kiat Director of GST Division Royal Malaysian Customs Department Dato Raymond Liew President McMillan Woods, Malaysia Distinguished s Senthuran Elalingam Deloitte, Malaysia Annie Thomas Royal Malaysian Customs Department Dr. Robin Chia Robin Chia & Co, Malaysia Raja Kumaran PwC, Malaysia Vijey R Mohana Krishnan Raja, Darryl & Loh Assocs Irene Yong Shearn Delamore & Co, Malaysia Chandran Ramasamy Deloitte, Malaysia Foong Pui Chi Shearn Delamore & Co, Malaysia Poovarni Rajagopal Invatax, Malaysia Michael Hendroff Independent, Malaysia Manvinder Singh Felda Ventures Holdings Bhd Group Krishnan KS Maniam KSM Tax & Strategies (invited) Developed By: Supporting Partner : Official Media Partners : Official Marketing Partner & Media Partner: Partnering Organizations:

2 Implemented on 1st April 2015, it has been a year since the Goods and Services Tax s revolution in Malaysian Economy. It is visible that GST rules and practices are constantly evolving time to time. Implementing GST and submitting GST returns without knowing the up-to-date rules and practices may and have been resulting in costly penalties. Most corporate entities are going through many challenges syncing with GST alongside its growth. GST in Malaysia has undergone several amendments and updates since its implementation a year ago. Further to that, it has been affected from other legislation and organizations like RMCD, IRB, etc. That aside, budget 2016 has also opened to more changes to GST. Along with these, the current Malaysian economic condition continues to put pressure on government s revenue. With many questions on mind, like the IRB s intention to increase collections, RMCD to increase GST receipts while reducing funds and the effect on audits and would taxpayers need to take greater focus towards achieving compliance, a clear view becomes a need for all conference entities. This forum would not only address the recent developments, practical issues, latest updates, and amendments of GST, but also provide different methods of solution from the minds of top tax professionals in the country. It is a one day forum made of 4 slots covering the top 4 most pertinent issues on GST. OBJECTIVES Get to know the latest updates, amendments, interpretations customs, DG s decisions on GST, Budget 2016 Detailed understanding on both direct and indirect impacts Budget 2016, etc Avoid common errors and misconceptions Understand the income tax provisions Learn about the best audit and risk management methods and software Understand the GST reporting standards and methods Know the key challenges faced by industries Avoid penalties due to errors Understand legal issues that are pertinent in accordance to GST Act Get the insights of how it has changed the corporate world TARGET AUDIENCE CEOs / CFOs / GMs Financial Controllers Financial Directors / Managers Tax Accountants Tax Directors / Managers Tax Consultants Tax Advisors / Specialists Auditors Company Secretaries Financial Planners Advocate and Solicitors Business Advisors Business Consultants..and others involved in matters related to GST. A year on, some of the intricacies and nuances of the GST Law are starting to be explored, especially as there is greater audit and dispute activity. -Tan Eng Yew GST and Customs Country Leader, Deloitte Malaysia

3 AGENDA 8.30 am REGISTRATION 9.05 am OPENING ADDRESS A RETROSPECTIVE VIEW OF GST FOR FUTURE ENHANCEMENT 9.30 am PANEL 1 : GST MISCONCEPTION System Change Audit and Compliance Risk Management Sharing International Audit and Compliance of GST Senthuran Elalingam Asia Pacific Indirect Tax Clients Deloitte Poovarni Rajagopal Tax Partner Invatax Annie Thomas Deputy Director RMCD am REFRESHMENT BREAK am PANEL 2 : INTERPRETING GST LEGISLATION Legal Issues Compliance to the Law Customs vs GST Act Penalties Vijey R Mohana Krishnan Partner, Corporate & Commercial Raja, Darryl & Loh Irene Yong Partner, Tax & Revenue Shearn Delamore & Co Chandran Ramasamy GST and Customs Director & Qualified Lawyer, Deloitte pm LUNCHEON 2.00 pm PANEL 3 : LATEST UPDATES AND AMENDMENTS OF GST Latest GST Updates Pre vs Post GST Implementation Future Focus Effects from External Factors Tan Sim Kiat Director GST Division Royal Malaysian Customs Department (RMCD) Foong Pui Chi Partner, Tax & Revenue Shearn Delamore & Co Raja Kumaran Executive Director PwC Malaysia Michael Hendroff Tax Expert Independent 3.30 pm REFRESHMENT BREAK 3.45 pm PANEL 4 : REPORTING & CALCULATION Syncing Input and Output Numbers Accounting and Conciliation Software Effects of External Factors Dato Raymond Liew President McMillan Woods Dr. Robin Chia Managing Proprietor Robin Chia & Co Manvinder Singh Vice President, Head of Group In-House Tax Felda Ventures Holdings Bhd Group Krishnan KS Maniam Director KSM Tax Strategist (invited) 5.15pm END OF DAY

4 MODERATORS Mr. Thanneermalai Managing Director, Tax Crowe Horwath, Malaysia Mr. Thanneermalai has more than 30 years of audit and tax experience in Malaysia, the United Kingdom and Singapore and has extensive experience in tax advisory and consulting assignments covering areas such as financing arrangements, cross-border transactions, joint venture agreements and mergers and acquisitions. Mr. Thanneermalai is a member of the Institute of Chartered Accountants in England and Wales and a council member of the Malaysian Institute of Taxation. He has extensive experience handling a variety of transfer pricing and corporate tax assignments, specializing in assisting MNC & local conglomerates with corporate international tax planning, transfer pricing, tax audits and investigations. Tan Sim Kiat Director of GST Division Royal Malaysian Customs Department, Malaysia Tan Sim Kiat is Director of GST Division at the Royal Malaysian Customs Department (Jabatan Kastam Diraja Malaysia). He is not just highly experienced in GST technicality, he is elemental in contributing large amount of his time to facilitate public awareness and comprehension of GST. He joined the GST Unit in 2005 and has been involved in the development of GST in Malaysia and has spearheaded the Customs Unit in the effort for the GST implementation for the country. Tan Sim Kiat sits in various committees to oversee the planning and implementation of the GST Committee on Implementation of GST, Technical & Steering Committees on GST Computerisation (MyGST) and Technical Committee on GST Publicity. Dato Raymond Liew President McMillan Woods, Malaysia Dato Raymond Liew is the President of McMillan Woods Global, an independent member firm of McMillan Woods Global network of which the global Head Office is based in London, United Kingdom. He is also a corporate advisor with many years of extensive work experience with professional firms and multi-national companies in brand repositioning, corporate advisory, insolvency, Mergers & Acquisitions to include corporate tax planning and investigative exercises; and has since assisted in numerous corporate turnarounds and related due diligence corporate exercises. Dato Raymond Liew is a Trustee of the Malaysian Accountancy Research & Education Foundation (MAREF) and is a Council member of the Chartered Taxation Institute of Malaysia (CTIM). PANELISTS Senthuran Elalingam Executive Director, Deloitte Malaysia & Partner of Deloitte South East Asia Senthuran has over 12 years of experience advising on GST in Malaysia, China and Australia. Senthuran is well recognized in his field and is a frequent contributor to newspapers, journals and radio and has presented to the Malaysian and Chinese Ministry of Finance on GST. Annie Thomas Deputy Director, Royal Malaysian Customs Department Annie is a Certified Financial Investigator (AMLATFA). She is highly experience in indirect tax matters especially in the areas of Service tax, Sales tax, License Manufacturing Warehouse, Exemption 14(2) Customs Act 1969 and Windfall Profit Levy and years in GST division. Dr. Robin Chia Managing Proprietor, Robin Chia & Co Dr Robin Chia is the Managing Proprietor of Robin Chia & Co, a Public Accounting firm in Singapore with business associates in Malaysia, Hong Kong, Taiwan and China. Robin was the Director for GST and Training for Tricor Malaysia, an international consultancy and outsourcing firm. He is also a business advisor with Beijing Bright Stone Investment Management Group Co. Ltd. Robin is a Chartered Accountant in Malaysia, Singapore, Australia and UK. He specializes in tax and GST and possesses vast experience in dealing with the tax authorities over GST issues, rulings, audit and investigations on behalf of his clients. Raja Kumaran Executive Director, PwC, Malaysia Raja brings with him 34 years of indirect taxation experience. He represents PwC in the consultations with the Tax Review Panel on the proposed draft GST legislation. Raja also assisted several organisations to forward feedback and suggestions on GST implications to the Tax Review Panel. Vijey R Mohana Krishnan Partner - Corporate & Commercial Raja, Darryl & Loh Associates Vijey was previously a consultant with the Tax and Business Advisory Division of the then Arthur Andersen. He joined Raja Darryl & Loh in October Vijey has been focused on tax laws and has been consistently recommended in the area of Tax in publications such as The Asia Pacific Legal 500, the Tax Directors Handbook and Chambers Asia Pacific. Vijey is an Associate of the Chartered Tax Institute of Malaysia and is Deputy Chairman of the GST and Tax Sub-Committee of the Malaysian Bar. Irene Yong Partner, Tax & Revenue, Shearn Delamore & Co Irene practises in all aspects of tax and revenue law advisory, structuring, planning, transfer pricing, audit, investigation, dispute resolution (including advising taxpayers on the settlement of tax cases with the Revenue or in dealings with governmental authorities) and litigation (including tax appeals, declaratory proceedings, judicial review applications, civil suits, windings up etc.) work. She has wide experience in all areas of Tax and Revenue Law. Chandran Ramasamy GST and Customs Director & Qualified Lawyer, Deloitte, Malaysia Chandran s breadth of experience on Malaysian indirect tax encompasses advise and assistance on bonded warehousing facilities, sales tax, import duty exemptions for manufacturing and service sectors, service tax issues in various service sectors including engineering, procurement and construction projects, applying Customs rulings, acting as counsel on behalf of clients on appeals to the Customs Appeal Tribunal, export duty mechanism, tax valuation reviews and assistance in dealing with Customs Audits and Reviews, and advise implementation assistance on GST to clients in various industries. Foong Pui Chi Partner, Tax & Revenue, Shearn Delamore & Co Pui Chi has been a member of Shearn Delamore & Co. s Tax and Revenue Practice Group since 2007 and she practises in all aspects of Malaysian tax and revenue law advisory, structuring, planning, litigation, transfer pricing, audit and investigation work. She has appeared as Counsel for taxpayers in numerous tax and has regularly contributed articles on Malaysian Revenue Law to tax and accounting journals. Poovarni Rajagopal Tax Partner, Invatax, Malaysia Poovarni Rajagopal is a chartered accountant. She runs a tax consultancy called Invatax in Kuala Lumpur and is its Tax Partner. Her expertise revolves around GST Training, Pre GST Assessment and Advisory, Impact Analysis, GST Advisory Services, and GST Planning GST Compliance. Michael Hendroff Tax Expert, Independent, Malaysia Michael is responsible for Customs and Indirect Tax matters for operations in the Asian region. His expertise includes VAT, Sales Tax, Import duties and all other nondirect tax issues. VAT compliance includes reviewing and submitting returns for Singapore, Australia, Taiwan, Korea and overseeing VAT/GST compliance in all other Asian countries where Intel has operations. Michael Hendroff has assisted in Intel's M&A project team to ensure VAT/GST compliance for all entities acquired and divested VAT/GST implementation/pilot projects. Manvinder Singh Vice President, Head of Group In-House Tax, Felda Ventures Holdings Bhd Group Manvinder Singh is currently the Head of Group Inhouse Tax of Felda Global Ventures Holdings Bhd Group of Companies. His responsibilities entail provision of comprehensive tax compliance and advisory for the Group including the implementation of GST and Transfer Pricing advisory and compliance. He is also involved in providing tax advisory in numerous corporate restructuring and pre and post listing advisory of the Group. INVITED Krishnan KS Maniam Director, KSM Tax Strategists Krishnan KS Maniam has over 32 years of experience in the field of corporate taxation coupled with practical field approach in structuring and developing effective tax management techniques and systems for his corporate clients. His unique and extensive experience includes taxation, audits and corporate finance.

5 rd August 2016 Hotel Pullman Kuala Lumpur Bangsar REGISTRATION FORM INVESTMENT DETAILS FEE PAYMENT A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Two easy ways to pay:- Telegraphic Transfer Bank : CIMB Islamic Bank Berhad Branch : Taman Maluri, Kuala Lumpur Malaysia A/C No : Swift Code : CTBBMYKL All payments by cheque should be made in favour of:- IBN Global Networks , Kompleks Maluri Jalan Jejaka, Taman Maluri Kuala Lumpur Note: Payments must be received within 7 days upon issuance of invoice. CANCELLATION POLICY Due to contractual obligations, cancellation charges are as follows: *Upon registration : 50% of the Conference fee *30 days or less notice : 70% of the Conference fee *14 days or less notice : 100% of the Conference fee (*Based on working days only) However, complete set of documentation will be sent to you. Substitutions are welcomed at any time. All cancellations or registration must be made in writing. Note: It may be necessary for reasons beyond control, to change the content and timing of the event, speaker (s) or venue, every effort will be made to inform the participants of the change. HOTEL DETAILS Pullman Kuala Lumpur Bangsar No 1, Jalan Pantai Jaya, Tower Kuala Lumpur, Malaysia Tel: Fax: PARTICIPANT DETAILS 1 Day Forum Fee RM 1990 PLEASE COMPLETE THIS FORM IMMEDIATELY AND FAX TO Name 1: Name 2: Name 3: Name 4: Name 5: INVOICE SHOULD BE DIRECTED TO Company Business Address Name Job title Dept Tel No Fax No Name of Authorising Manager Signature This Booking Is Invalid Without A Signature Job title Date IMPORTANT : What specific issues would you like to see addressed during the Panel Discussion? List 1-2 most important issues relating to your business / industry for each Panel:- Panel 1: GST Misconception Book 4 SEATS and get the 5 th seat for FREE!!! Members of CIMA to receive 10% discount. FREE IBN FREE Room Reservation can be made by delegates directly with the hotel. To enjoy privileged room rates, please state you re attending an event organised by IBN Global Networks. Please call Nik Aidil Isyaq at Tel: Fax: or at H7962-SL9@accor.com Panel 2: Interpreting GST Legislation Panel 3: Latest Updates and Amendments of GST VISA REQUIREMENT Delegates requiring visas should contact Representative Panel 4: Reporting and Calculation T E L : F A X : E M A I L : i b n g l o b a i n t e l - b i z n e t. c o m