GST CONSTRUCTION SYNERGY TAS CONSTRUCTION INDUSTRY : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES 11 FEBRUARY 2015

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1 SYNERGY TAS GST CONSTRUCTION 11 FEBRUARY 2015 CONSTRUCTION INDUSTRY : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES SPEAKER DR CHOONG KWAI FATT HRDF CLAIMABLE * 10 CPD GST CONSTRUCTION Terms and Conditions Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserve the right to change event date and venue, with notice being sent vide the registered above. HRDF Claimable : is subject to approval by PSMB. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. Copyright (C) Synergy TAS, Synergy TAS PLT.

GST CONSTRUCTION 11 FEB 2015 NEXUS, BANGSAR SOUTH, KL WHILE OTHERS DISCOVER THE PROBLEM, YOU DO NOT JUST HAVE THE SOLUTION, BUT ALSO MULTIPLE ALTERNATIVE TO THE SAME PROBLEM.

2 GST CONSTRUCTION 11 FEB 2015 NEXUS, BANGSAR SOUTH, KL WHILE OTHERS DISCOVER THE PROBLEM, YOU DO NOT JUST HAVE THE SOLUTION, BUT ALSO MULTIPLE ALTERNATIVE TO THE SAME PROBLEM. GST CONSTRUCTION PROVIDE MULTIPLE ANSWERS AT YOUR DISPOSAL STAY AHEAD OF THE CROWD INTRODUCTION Construction Industries are complex in its inherent nature, in particularly due to: various time of supply; issuance of tax invoice on various construction projects; the frequently amending the contract with Variation Orders (VO); the timing of Certiﬁcate of Payment (CP) possesses unresolved GST issues. Collectively, the complexity and diversity of work done in construction industry and its operation, coupled with its inherent complexity adds up diﬃculties in its GST implementation. Failing to comprehend the governing concept and mechanism in this highly specialised industries would result in unwarranted GST risk, understatement of GST and worse still, a personal liability to directors. This is a comprehensive and complete advanced course on Construction Industry highlighting the GST risk, landmines and noting points on its GST implementation. The participants are invited to submit 2 questions concerning their construction, or business issues that are to be addressed by the GST specialist and incorporated into the seminar content. This is a customised seminar with you as the main focus, ensuring that the content includes your company s utmost concern. Submit TWO contentious issues Participants are invited to submit 2 contentious issues to be incorporated into this tailor made workshop to bring home solutions / alternatives or suggestions to revamp your business practices to be GST compliant. SPEAKER S PROFILE DR CHOONG KWAI FATT is the pioneer in GST formation and implementation. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia, inclusive of the formulation of GST. He has conducted and published an extensive research on GST way back since Dr Choong being an avid researcher, he has also studied GST system from various countries. He is also widely known for his ability to formulate the unthinkable strategies and clearly thought of implementation plan. He is constantly sought by many listed companies as well as high net worth individuals and SMEs for his practical and impressive strategies to GST implementation and of course, his foresight into the potential GST concerns. He is the expert of experts in terms of GST & tax planning, with his extensive implementation under taken, he has provided advice and personally trained corporate accountants and professional ﬁrms on income tax, RPGT and GST implementation. Get ready to take good notes when you attend his GST planning seminars. DR CHOONG KWAI FATT 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. TAX CONSULTANT, ADVOCATE AND SOLICITOR (HIGH COURT OF MALAYA)

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING: GST issue 1 Mixed Supply Scope and chargeability on mixed supply Partial exemption on mixed supply THIS IS A PROBLEM-AND-SOLUTIONS BASED

3 THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING: GST issue 1 Mixed Supply Scope and chargeability on mixed supply Partial exemption on mixed supply THIS IS A PROBLEM-AND-SOLUTIONS BASED SEMINAR This seminar is created to allow you to obtain GST solutions and bring your comprehension to the next level. This seminar does not just provide the conventional knowledge on GST. It goes into greater depth of identifying the challenges faced together with well thought of solutions to the tough questions encountered in the GST implemention in property developr. In addition, it works as a health check prior to proceed with next phase of your GST implementation or your upcoming construction contract. With the various checklist and practical pre-prepared solution it will shorten your time spend and enhance eﬃciency. Also mitigating GST compliance risk. GST issue 2 Value of Supply Provision of services Shared salaries Commission Accommodation Transportation GST ISSUE 5 Stock Stock issues in construction site Treatment of GST on the building materials supplied by developer GST issue 6 Advanced Aspect of Tax Invoice Tax invoice for GST and compliant to income tax Tax invoice in computer environment GST issue 7 Challenge from Progress Billing GST issue 3 Special Circumstances GST treatment on contra units from developer and to sub contractor The chargeability of GST and the distinctive features between Malaysian services and export services Retention sum and its risk GST on Government tender, projects and supplies GST issue 4 Payment GST issues with Variation Orders (VO) Timing for Certiﬁcation of Payment (CP) Liquidated Ascertained Damages (LAD) = Hot topic TWO BURNING QUESTIONS 2 contentious Participants are invited to submit tailor made issues to be incorporated into this alternatives or seminar to bring home solutions, ement to exisiting suggestions to revamp and improv GST approach. working days before Do submit your questions by 10 rated into the seminar. seminar date for it to be incorpo Issuance of tax invoice based on progress billing Progress billing or payment certiﬁcate for issuing tax invoice GST issue 8 Special GST Treatment Advance Deposits Retention sum Damages Court settlement Bad debts and Late payment Extension of Time (EOT) GST issue 9 Continuingly Contract Clause needed for GST recovery in contract Apportionment of GST to be shared among developer and contractors Prebilling and advance billing Compensation for breach of contract Non reviewable contract GST issue 10 Registration GST planning : group registration GST issue 11 Designated Area Construction in Labuan, Tioman and Langkawi GST issue 12 Labour Issue GST treatment on labour supply from inter company

4 GST issue 13 Input Tax Available to Contractor The mechanism of input and output tax Treatment of GST : set off GST issue 14 Motor Vehicle Business vehicles using LLP Transport vehicles used in construction : Input tax claimed GST issue 15 Business Model Effective business model : Lease hold company GST issue 16 Administrative Taxable period and submission of GST return GST issue 17 Transitional issues Practical implementation issue GST issue 18 Advanced GST concerns Best GST practice in construction sector Directors liabilities in construction Risk on anti money laundering offence Income tax audit, Customs audit : The records and documentation needed Scope on incorrect return and GST evasion Advanced ruling application for GST tax invoice issued : steps and procedures ATTEND THIS IF YOU ARE : Who should attend this seminar Majority of the attendees for this seminar will consist of : Company Directors & Shareholders Financial controller Finance director Accountant Architect Project Manager Project Quantity Surveyor Civil engineering, electronic and electrical engineering, mechanical engineering Consultants Main & Sub Contractors (eg. Building, sewerage, air conditioning, etc) Corporate lawyer serving construction industry Arbitrator GST task force within the organisation Solicitor involved in sales and purchase of property Tax consultant, auditor GST consultant serving constractor Note : This is applicable even for those who do not have prior knowledge of taxation. You will like this seminar if you are : You are looking for a seminar which : Specialised industrial based seminars; Focus on providing solution to GST issues Latest and most up to date approach Inclusive of tax planning strategies for Construction Industry Frustrated by unproductive meeting and misaligned GST implementation The content above is not exhaustive. Additional content relevant to GST for Construction Industry will be added based on latest changes and questions submitted by participants. Bogged down by endless discussion on issues, with lack productive solution on GST technical concerns Continuously surprised by the endless issues discovered during GST implementation Fear of impact of GST implementation on other taxation in the company Uncertain as to the appropriate interpretation and puzzled as to the correct ground to take This industrial based seminar is created to facilitate the GST implementation for construction industry. With secret content and solutions shared by Dr Choong Kwai Fatt. This seminar will only be conducted once, due to the exclusivity of the content and also inclusive of Construction Industry s tax planning content it will not be re-run. Presenting GST SOLUTIONS for construction industry.

PROGRAMME TIMELINE The estimated timeline : GST for Construction Industry 11 FEBRUARY 2015 (WEDNESDAY) 8.30 AM REGISTRATION & BREAKFAST (BREAKFAST PROVIDED) 1.30 PM 9.

issue 4 Payment GST issue 5 Stock GST issue 16 Administrative GST issue 17 Transitional issues GST issue 18 Advanced GST concerns 10.15 AM BREAK (SNACKS PROVIDED) 3.00 PM BREAK (SNACKS PROVIDED) 10.

15 PM GST issue 6 Advanced Aspect of Tax Invoice GST issue 7 Challenge from Progress Billing GST issue 8 Special GST Treatment GST issue 9 Continuingly Contract Additional Content : - concern

5 PROGRAMME TIMELINE The estimated timeline : GST for Construction Industry 11 FEBRUARY 2015 (WEDNESDAY) 8.30 AM REGISTRATION & BREAKFAST (BREAKFAST PROVIDED) 1.30 PM 9.00 AM GST issue 13 Input Tax Available to Contractor GST issue 1 Mixed Supply GST issue 14 Motor Vehicle GST issue 2 Value of Supply GST issue 15 Business Model GST issue 3 Special Circumstances GST issue 4 Payment GST issue 5 Stock GST issue 16 Administrative GST issue 17 Transitional issues GST issue 18 Advanced GST concerns AM BREAK (SNACKS PROVIDED) 3.00 PM BREAK (SNACKS PROVIDED) AM 3.15 PM GST issue 6 Advanced Aspect of Tax Invoice GST issue 7 Challenge from Progress Billing GST issue 8 Special GST Treatment GST issue 9 Continuingly Contract Additional Content : - concern submitted by participants will be address in this time slot - Latest issues identified by the speaker - Latest Kastam s updates by the speaker GST issue 10 Registration 5.00 PM Q & A Session GST issue 11 Area GST issue 12 Labour Issue 7.00 PM End of live event PM LUNCH (MEAL PROVIDED) Note : Speaker is committed to high quality of presentation. The above schedue is for reference only. The schedule may be altered without prior notice. VENUE NEXUS, BANGSAR SOUTH, KL The latest new location for coporate event is in Bangsar South, Kuala Lumpur. It is located in close proximity to Mid Valley City. Bangsar South City No. 7, Jalan Kerinchi Kuala Lumpur Cater to daily expediencies, including the time demands of city dwellers and traffic congestion, by being conveniently located in Bangsar South coupled with ample parking spaces.

6 PRICING Register online by using the following link : Choose the right rate for you. Want to attend the seminar at its lowest price? Register in group of 3 or more participants in one registration to get additional discount. GROUP REGISTRATION 1-2 pax DISCOUNT OF RM100 AND RM200 RESPECTIVELY ARE 3-4 pax 5 & more APPLICABLE FOR GROUP REGISTRATION RM 3,780 RM 3,680 RM 3,580 (NP : RM 4,380) (NP : RM 4,280 ) (NP : RM 4,180) Register Enjoy early bird discount if you register and paid on or before 31 December Register By registering one or two participants on or before 31 Dec 2014 By registering three or more participants on or before 31 Dec 2014 enjoy RM 600 oﬀ enjoy RM 700 oﬀ Here s how the math works : RM 4,380 - RM 600 Early bird discount = RM3,780. With additional RM 100 oﬀ for group registration of 3-4 participant. ***** Here s how the math works : RM 4,380 - RM 600 Early bird discount -RM 100 group registration discount = RM3,680. Register By registering ﬁve or more participants on or before 31 Dec 2014 enjoy RM 800 oﬀ With additional RM 200 oﬀ for group registration of 5 or more participants. Here s how the math works : RM 4,380 - RM 600 Early bird discount -RM 200 group registration discount = RM3,580. ***** ***** HRDF claimable * * Subject to employer s application to PSMB. As at time of publication of this brochure HRDF limit the amount claimable per participant to RM1,300 per participant per day. SYNERGY TAS IDEAS ARE THE BEGINNING POINTS OF ALL FORTUNES. Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section Petaling Jaya, Selangor GST IDEA IS THE BEGINNING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT. Do contact us for any clariﬁcation. (016) event@synergytas.com

7 CONSTRUCTION INDUSTRY : A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES Most important GST tax planning event for construction industry. Participant 1 Register online by using the following link : Fee based on number of registered participant. * Price quted is valid unti 31 December 2014 Tick to indicate your category of fee. 1-2 Participant(s) RM3,780 per person 3-4 Participants RM 3,680 per participant 5 or More Participants RM 3,580 per participant Participant 2 Live Event Date 11 FEBURARY CPD Particiant 3 Participant 4 Simple way to register : event@synergytas.com Just scan this form and to register for seat(s). Thereafter upon payment, please scan and the deposit slip to event@synergytas.com. Billing to Company Time 9.00 AM to 7.00 PM Location NEXUS, BANGSAR SOUTH, KUALA LUMPUR Participant 5 Address Tel Contact Person Remark Please make payment to : "SYNERGY TAS" ( Maybank : ) either through bank transfer or bank in cheque. Terms and Conditions Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserve the right to change event date and venue, with notice being sent vide the registered above. HRDF Claimable : is subject to approval by PSMB. You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. Copyright (C) Synergy TAS, Synergy TAS PLT. REF: TLL

Profile.

Profile. Synergy TAS PLT Suite 153, PG-15A, Ground Floor, Jaya 33 No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor. e: event@ @synergytas.com Speak ker Profile Dr Choong Kwai Fatt Complexity is your