Sales Tax, Service Tax and Price Control & Anti-Profiteering Latest Updates!

Transcription

1 INDIRECT TAX Sales Tax, Service Tax and Price Control & Anti-Profiteering Latest Updates! 21 August 2018 One World Hotel, Petaling Jaya Extra! Dialogue with Inland Revenue Board on Tax Audit and Investigation kpmg.com/my

2 Workshop Objective The Sales Tax Bill 2018 and Service Tax Bill 2018 have been tabled and passed at the Dewan Rakyat. As we draw closer to the proposed effective date of 1 September 2018, the Royal Malaysian Customs Department ( Customs ) has also been actively updating and providing more information and clarification on the proposed scope and mechanism of the Sales Tax and Service Tax (SST). With SST set to return in less than 1 month, it is imperative for businesses to prepare and ensure that their systems, processes and documentations are ready to go live in compliance with the SST legislations on 1 September During this Seminar, we will share the key provisions in the Sales Tax Bill 2018 and Service Tax Bill 2018 as well as insights based on the additional information provided by Customs. We will also cover the key takeaways from the GST (Repeal) Bill 2018 which businesses should take note of as they manage their exit from GST. Also, we have specially invited Dato Sri Subromaniam Tholasy, the Director General of Customs where you will have the chance to pose questions to during our Q&A session! By 21 August 2018, it would be exactly 10 days to the proposed SST coming live so do not miss this opportunity to hear the latest updates to be shared by Customs. [Extra!] Tax audit and investigation Future direction by the Inland Revenue Board ( IRB )? We have invited Karen Koh, Director of Large Taxpayer s Branch, IRB to have a dialogue session with us to share on the latest developments from the income tax audit and investigation perspective. [NEW!] We will be holding a Q&A session on Price Control and Anti-Profiteering with an officer from the Ministry of Domestic Trade, Co-Operatives and Consumerism ( MDTCC ). There is no extra fee for this so for participants who can stay on, please take this opportunity to interact with the MDTCC officer. Our agenda includes: Implementing SST Key provisions in the Sales Tax Bill 2018 and Service Tax Bill 2018 as well as insights based on the additional information provided by Customs Exiting GST Key takeaways from the GST (Repeal) Bill 2018 Q&A with the Director General of Customs Dialogue with the Director of Large Taxpayer s Branch, IRB Q&A with the MDTCC officer

3 Speakers Ng Sue Lynn, Executive Director Sue Lynn joined KPMG in 2005 and is a member of KPMG Malaysia s GST Strategic team. She has experience in both corporate income tax and Indirect Tax. For GST, Sue Lynn s experience includes assisting her clients on GST implementation, advisory, compliance and health check projects. For Indirect Tax, Sue Lynn has assisted her clients in advisory and due diligence. Sue Lynn is also experienced in advising clients on the Price Control and Anti-Profiteering requirements. Her clients come from a diverse range of industries such as plantation, retail, financial services, manufacturing, property and construction. She has also advised overseas clients intending to invest in Malaysia. She is an approved HRDF Certified Trainer and a regular speaker at Indirect Tax seminars and workshops both locally and internationally. Sue Lynn is a fellow of the Association of Chartered Certified Accountants, United Kingdom, a BA (Honours) Accounting graduate from University of Hertfordshire, United Kingdom, and a GST agent. Dato Tan Sim Kiat, Advisor Dato Tan joined KPMG in 2017 as a GST advisor and specialises in GST, Customs, Service Tax, Excise, Sales Tax and Indirect Tax. Dato Tan was the Director of Customs in the GST Division of Customs Headquarters in Putrajaya, prior to retirement. Dato Tan was with Customs for over 34 years. He was a pioneer in the GST Project Team and was actively involved in the consultation, research, development, formulation of the concept, process and procedure, promotion and implementation of GST in Malaysia. Dato Tan has trained Customs officers and GST agents since 2005 to prepare them for the implementation of GST. He regularly represented Customs in conferences, forums, seminars, meetings and in television and radio interviews. He frequently attended Parliamentary sessions which discussed and debated on the GST legislation and issues, and regularly briefed the Minister of Finance on GST. Soh Lian Seng, Executive Director Lian Seng leads the Tax Risk Management Group at KPMG in Malaysia and is also the Head of Korea Business Practice at KPMG in Malaysia. With 25 years of experience in Tax, Lian Seng is proficient in handling corporate tax assignments, specialising in advising local and multinational corporations on tax audits and tax investigations. He has represented Malaysian taxpayers during tax audits, investigations and dispute resolution hearing before the IRB. Lian Seng is an approved HRDF Certified Trainer and a regular speaker at conferences, seminars and workshops besides contributing Tax thought leadership and articles in various professional journals, newspapers and within the Malaysian SME fraternity.

4 Workshop Details Date : 21 August 2018 Time : 8.00 a.m. to 4.00 p.m. Venue : One World Hotel, First Avenue, Bandar Utama City Centre, Petaling Jaya, Selangor Who Should Attend? Finance Managers Accountants Tax Managers & Executives Agenda 8.00 a.m a.m a.m a.m a.m a.m a.m a.m a.m p.m p.m p.m p.m p.m p.m p.m p.m p.m. Registration Key provisions in the Sales Tax Bill 2018 and Service Tax Bill 2018 as well as latest insights Break Exiting GST Getting it right Q&A Session with Dato Sri Subromaniam Tholasy Dialogue with Karen Koh Lunch PCAP Regulations Q&A with MDTCC

5 Registration Form (Please photocopy the registration form, if necessary) Registration: Sales Tax, Service Tax and Price Control and Anti-Profiteering Latest Updates! 21 August 2018 FOR ENQUIRY: Ms. Pershen Kaur at Ms. Esther Teh at Online Registration Delegate Details Name: Salutation: Organisation: Tel: Postal Address: Designation: Fax: For participants who are vegetarians, please indicate in the box Name: Salutation: Organisation: Tel: Postal Address: Designation: Fax: For participants who are vegetarians, please indicate in the box Name: Salutation: Organisation: Tel: Postal Address: Designation: Fax: For participants who are vegetarians, please indicate in the box

6 CPE Certificate of attendance will be issued for 8 CPE hours. Fees & Payment RM500 per participant (inclusive of 0% GST). For those who have attended our SST Seminar on 30 July 2018, we are pleased to offer a 30% discount. Cheques should be crossed and made payable to KPMG Tax Services Sdn Bhd. I/We enclose payment of RM payable to KPMG Tax Services Sdn. Bhd. via Cheque/Bank Draft no. * Registration fee is inclusive of training materials, refreshments and lunch. ** Please note that limited seating is available for this workshop. Registration is on a first-come-first-served basis. HRDF application may be made under the Skim Bantuan Latihan, subject to approval by Pembangunan Sumber Manusia Berhad. Cancellation No cancellation and/ or refund will be entertained but replacement delegate is welcomed at no additional charge if registered delegate is unable to attend KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. Printed in Malaysia. The KPMG name and logo are registered trademarks or trademarks of KPMG International.