Preparing for SST: Managing the transition

Transcription

1 Indirect Tax Talk Preparing for SST: Wednesday, 8 August 2018 Hilton Kuching

2 Preparing for SST: What to expect? This talk will address the change in the indirect tax landscape from the Goods and Services Tax (GST) to the Sales Tax and Service Tax (SST), and the key implications and actions required of you and your organization during the transition. This session will cover the following key areas: An overview of the new SST framework An understanding of the scope and compliance requirements An analysis of the impact of SST on businesses, which include costing, pricing and communication A practical approach on how to address issues in transitioning from GST to SST Penalty provisions for non-compliance Clarification on the guidance issued to date by the Royal Malaysian Customs Department (RMCD) Next steps to be taken by businesses in preparation for go-live Insights into the abolishment of GST and the implications to and obligations of taxpayers Who should attend? Chief financial officers, tax directors, financial controllers, tax executives, finance managers, accountants and any other individuals for which Indirect Tax background knowledge is key to their functional responsibility (e.g. IT, logistics, legal, sales, purchasing, etc.)

3 Preparing for SST: Our speaker Yeoh Cheng Guan Partner and Malaysia Indirect Tax Leader Ernst & Young Tax Consultants Sdn. Bhd. Tel: Fax: cheng-guan.yeoh@my.ey.com Cheng Guan is a partner of Ernst & Young Tax Consultants Sdn. Bhd. and leads the Malaysia Indirect Tax practices. He has over 20 years of tax experience, of which five were in corporate income tax compliance and advisory before he moved to indirect tax. Currently he is a Tax Technical Committee Member with both the Chartered Tax Institute of Malaysia (CTIM) and the Malaysian Institute of Certified Public Accountants (MICPA). Cheng Guan has extensive knowledge of the business operations of his wide range of local and multinational clients in Malaysia, particularly those in the automotive, property and consumer products industries. His key clients include companies involved in the automotive, property development, education, manufacturing, fast moving consumer goods, electronics and technology industries; ports, power generation plants, joint ventures, construction, tobacco, oil and gas, trading and services companies. Cheng Guan speaks regularly on Indirect Tax at conferences, seminars and public forums organized by the organization and external bodies, as well as in the media.

4 Registration form Preparing for SST Wednesday, 8 August a.m to p.m Hilton Kuching Registration starts at 8.00 a.m To: Tel: Lo Woan Cherng / Sim Wee Ni Fax: woan-cherng.lo@my.ey.com/wee-ni.sim@my.ey.com Contact person s details Closing date for registration: Friday, 3 August 2018 Name: Company: Designation: Tel: Fax: Address: Participants details No. Name Designation Telephone Vegetarian meal (Please tick if required) Notes RM220 per person (inclusive of GST). Fee is inclusive of seminar materials, light refreshments and lunch. Group rate of RM200 per person (inclusive of GST) for registration of 3 or more persons under the same company or group of companies. To register, please submit this fully completed registration form via fax or and make payment promptly. A confirmation of your registration will be sent to you via before the event date. Seats are on a first come, first served basis. No cancellation or refund is allowed but a replacement delegate may be sent. The organiser reserves the right to make any changes to the programme, venue and/or speakers where necessary. 3 CPE hours (participants will be issued a Certificate of Attendance upon request) Payment of the registration fee will be due on issuance of the tax invoice. Payment details Please find enclosed a cheque (No. ) for RM. All cheques should be crossed and made payable to Ernst & Young Tax Consultants Sdn. Bhd. Please indicate the company s name and Preparing for SST on the reverse side of the cheque. For crossed cheque/bank draft Payable to: Ernst & Young Tax Consultants Sdn. Bhd. Mail to: Ernst & Young Tax Consultants Sdn. Bhd. 2 nd Floor, Wisma Bukit Mata Kuching Jalan Tunku Abdul Rahman Kuching For wire/direct payment Beneficiary: Ernst & Young Tax Consultants Sdn. Bhd. Account: Swift code: HBMBMYKL Bank: HSBC Bank Malaysia Berhad Address: Bangunan Binamas Jalan Padungan Kuching

5 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com Ernst & Young Tax Consultants Sdn. Bhd. All Rights Reserved. APAC no ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com/my