ISTW 2019 : Practical & Complete Coverage On Imported Service Tax With New Withholding Tax Complication

 

INTRODUCTION

Regardless whether the Malaysia Company is SST Registrant or Non-SST Registrant.
From 1 January 2019 onward, Companies need to pay a NEW TAX : Imported Service Tax. Hence, the range of Businesses affected is VERY Wide.
It even affect Trading Company, Contractors and Property Developers.

 

COMPLICATED OVERLAPS

The transactions subjected to Imported Service Tax usually also fall under Withholding Tax. This make thing more complicated.

 

WIDEN SCOPE OF NEW WITHHOLDING TAX

Withholding tax is part of the Income Tax Regime. The scope of s 4A(ii) Income Tax Act 1967 (special classes of income) altered in the recent 2019 Budget Proposal. This critical change made the condition even more complicated.

 

EFFECT OF IMPORTED SERVICE TAX AND WITHHOLDING TAX ON BUSINESSES :

1. Higher Cost of doing Business;

2. Confusion due to the Complex Overlapping of Income Tax and Indirect Tax;

3. More in-depth Technical Knowledge needed;

4. Hike in Risk of Non-Compliance, director risk and Penalties; and

5. Since it is transaction-based, the Non-Service Tax Registrant also affected.

 

TAX SAVING THROUGH TAX PLANNING

Being conducted by the reknown speaker, Dr Choong Kwai Fatt. Be assured that it will be a compact and practical seminar. Packed with Latest Tax Planning Strategies.
With his in depth knowledge and well compiled seminar materials. Well thought of Tax Planning Strategies to mitigate the escalated cost and Complex Tax Exposure.

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What is this Programme about?

The course content (not exhaustive)

Walk Away with Pragmatic Solutions for preempting the Tax Risks and Penalties. Mitigate the NEW Tax Exposure. Gain the Specific Knowledge.
The practical Application of both Imported Service Tax and Withholding Tax:

1. Which type of Transaction falls under Imported Service Tax ambit?

2. How is Imported Service Tax being calculated? What is its Submission Process?

3. What are the Latest Tax Planning available with regards to Imported Service Tax?

4. Exemption or non- exemption circumstances for services within the group?

5. Understand How the NEW Special Classes of Income s 4A(i); (ii); (iii) under Income Tax Act 1967 will affect Businesses?

6. What are the Mechanism of the Special Classes of Income?

7. Also covers IRB’s Public Ruling 11/2018 : Withholding Tax on Special Classes of Income – Complete Analysis and Discussion

8. Learn How to Deal with Double Taxation Applications and Implications on
Withholding Tax

8.1. the recent Federal Court’s decision on Ketua Pengarah HDN v Alcatel-Lucent Malaysia
Sdn Bhd

8.2  the Court of Appeal’s decision in Ketua Pengarah HDN v Teraju Sinar Sdn Bhd

9. Payment of Withholding Tax Gross to Non-Resident ?

10. Penalties and Offences relating to Non-Compliance to Withholding Tax and Imported
Service Tax

11. Clarify How the Treatment of Withholding Tax on Interest works?

12. Earning Stripping Rules – What are the Implications and Complications

13.  Tax Planning on Interest Income

14.  Transfer Documentation on Loan and Advances.

15.  and many more…

FACE IMPORTED SERVICE TAX AND WIHHOLDING TAX WITH CONFIDENCE !

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Who is it for?

Created for the Business and Financial decision makers

Directors, Business Owners and Consultants

Be aware of the Current and Latest Best Corporate Structure.
Make Calculated Risks and Informed Choices to arrive at the Right Strategic Decision.

 

Financial Controller or Group Accountant

Able to Identify and Advise Management what are the latest Imported Service Tax issues and the Practical Solutions to avoid such exposures. Also to avoid Common Mistakes in the Complication encountered with regards to Withholding Tax. .

 

Accountant, Tax Officers / Executives

Learn what are the New Compliance Criteria under Service Tax Act 2018. Be Confidence to submit and issue Invoices, Credit Notes and Debit Notes.
Compile the Right Supporting Documents in relation to Withholding Tax. 

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What people says about him :

“He is my lecturer for ACCA paper, now a tax lawyer, after so many years he is still humorous, able to make complex and boring taxation into a humorous and fun event. Definitely coming back for more.”

“His Seminar has saved me lots time and effort to plan Tax Savings for my clients effectively.”

“Newly introduced Tax is more complicated than I thought, I am glad that Dr Choong makes it clear and easy to understand.”

DR CHOONG KWAI FATT is the Expert of the Experts in Malaysian Taxation, he is going to be the pioneer for this newly introduced Imported Service Tax with Withholding Tax complication. He was appointed by the Ministry of Finance as one of the panel members reviewing Tax Reforms in Malaysia. Where his comment on Sales and Service Tax too is highly influencial.

He has more than 24 years’ experience of providing consultancy services to listed companies, audit firms and the Government. Dr Choong is a highly sought SST & Tax Consultant and speaker. He is highly qualified with both professional Accounting Qualification and Legal Qualification. With Chartered Accountancy from 6 Professional Bodies and called to Malaysian Bar as an Advocate and Solicitor in Malaysia. Also an avid researcher equipped with a PhD in Taxation.

He has won various awards for excellent in Tax Research and published Taxation Articles in reputable journals in and outside Malaysia. His research works have been quoted in many Tax Cases and have influenced the formulation of Tax Policy in Malaysia.

He is known by attendee of his seminar as a man with heart of gold. He is passionate about helping the tax professionals, accountants, senior executive, lawyers and business owners to enhance in taxation skills, knowledge and wealth through mitigating of TAX risk and implementation. Having more than 20 years of experience in public speaking, participants love him for his passion in taxation and ability to make complex tax concept understandable by different walks of life.

He is the expert of experts in terms of Tax Planning for Companies , where he provided advice and personally trained corporate accountants and professional firms on Tax Planning for Companies and its implementation. Get ready to take good notes when you attend his Malaysia Imported Service Tax with Withholding Tax Complication Seminar.

 

SpeakerImage1

Dr Choong Kwai Fatt

Tax Consultant, Advocate and Solicitor (High Court of Malaya)
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.

Download Speaker Profile

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Programme Timeline : 15 March 2019 (Friday)

The estimated timeline to discover Malaysia Imported Service Tax with Withholding Tax Complication 2019

15 March 2019, Friday (The Gardens, Mid Valley City, KL)

8.30 AMREGISTRATION & BREAKFAST (BREAKFAST PROVIDED)
9.00 AM

Which type of Transaction falls under Imported Service Tax ambit?

How is Imported Service Tax being calculated? What is its Submission Process?

What are the Latest Tax Planning available with regards to Imported Service Tax?

Exemption or non-exemption circumstances for services within the group?

10.15 AMBREAK (SNACKS PROVIDED)
10.30 AM

Understand How the NEW Special Classes of Income s 4A(i); (ii); (iii) under Income Tax Act 1967 will affect Businesses?

What are the Mechanism of the Special Classes of Income?

IRB’s Public Ruling 11/2018

12.30 PMLUNCH (MEAL PROVIDED)
1.30 PM

Learn How to Deal with Double Taxation Applications and Implications on Withholding Tax

Payment of Withholding Tax Gross to Non-Resident ?

Penalties and Offences relating to Non-Compliance to Withholding Tax and Imported Service Tax

Clarify How the Treatment of Withholding Tax on Interest works?

3.30 PMBREAK (SNACKS PROVIDED)
4.00 PM

Earning Stripping Rules – What are the Implications and Complications ?

Tax Planning on Interest Income

Transfer Documentation on Loan and Advances

5.00 PMQ & A Session

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3 Ways to Register

There are 3 ways you can register. Choose any of the following.

1. Register Online (Most Popular Option!)

You will receive an email containing the Tax Invoice after submitting the Online Form.
This is the Fastest and Most Convenient way to register yourself for this exciting upcoming event.
Fill up the Online Form and Click Submit button, you shall receive an email for the Tax Invoice.
Follow the Payment Method on the Tax Invoice to make payment.
If you are making payment while filling up this Online Registration form, you can upload your payment transaction slip too.

Click here to Register Online

2. Download the Physical Form (For Hardcopy Registration)

This is the Best Option for you to get your approval from management!
Simply click below to download the Form and fill them.
Thereafter, scan and email your form to us.
We will process the form and have the Tax Invoice to be emailed to you.
Follow the Payment Method on the Tax Invoice to make payment.



Click here for Physical Registration Form

3. Email Us (For Multi-Company Registration)

For those who are in GROUP REGISTRATION and require MORE THAN 1 Tax Invoice. You can email to us via event@synergytas.com with the following information:
Participant's Name, Gender, Valid Contact Number, Designation, Email.
Company's Particulars and the person to be liased in relation to payment.
If you require Tax Invoice for different Companies, kindly indicate in the email for example:
Participant 1 under Company A's Tax Invoice;
Participant 2 and Participant 3 are under Company B's Tax Invoice, etc.
We will do the necessary and email you the Tax Invoice.
Follow the Payment Method on the Tax Invoice to make payment.

Click here to Email Us

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Price/ Register Online

Choose the right category based on Number of Participants

RM1,388 Normal Price 1- 2 Pax

Register for this event at normal price.



Register of 1-2 pax Online

RM1,288 Group of 3 - 4 Pax

Register three to four participants to enjoy additional RM 100 off
(RM 1,388 - RM 100 Group Registration Discount = RM 1,288 per pax)

Seat are limited and subject to availability.

Register Group of 3 - 4 pax Online

RM1,188 Group of 5 Pax and more

Register five or more participants to enjoy additional RM 200 off
(RM 1,388 - RM 200 Group Registration Discount = RM 1,188 per pax)

Seat are limited and subject to availability.

Register Group of 5 or more Pax Online

Meet Dr Choong Kwai Fatt live. He is known for his ability to simplify Complicated Tax Law, into reader friendly and easily digest pieces.

With opportunities to meet up with friends and peers whom are equally interested in updating and learning the latest tax treats and tricks. Networking and catch up on the latest development, sharing of ideas and various solutions.

BONUS :

2 HOURS OF Q & A SESSION

Camp-Fire-Stories-icon

Highlight of the event is the 2 hours Q & A session from 5 – 7 PM. Where participants will address their own tax concerns and get them answered by the Tax Expert himself. Various companies has find this to be extremely useful and practical, in view that each company is distinct and the opportunity to tap into the speaker’s insight on issues arising in their company is priceless.

In addition, the questions asked and addressed by Dr Choong is a Great Learning Opportunity for all participants, an eye opener and enhanced our skills and experience exponentially.

 

 

 

HRDF Claimable* – subject to employer obtaining prior approval from HRDF.

Early bird is applicable until 22nd February 2019.

Group registration of three enjoys RM 100 off for each participant.

Group registration of five enjoys RM 200 off for each participant.

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Venue

More information about the venue


The seminar will be held in Ballroom, Level 5, The Gardens Hotel, Mid Valley City

Park in Zone B, Zone U or Premier parking zone which normally has adequate parking available or utilize the hotel valet option which is reasonably priced for all hotel guests.

Within the vicinity of one of Kuala Lumpur’s most popular shopping mall, it is ideal for outstation participants to bring along family to spend a weekend in Mid Valley City prior to attending seminar.

Flat rate of RM 5 per entry with validation for parking in Zone B, U or Premier parking zone.

roadmap
Address :

THE GARDENS HOTEL & RESIDENCES – ST GILES LUXURY HOTEL
The Gardens, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Tel: 603 2268 1188 • Fax: 603-2284 8998
Email: infoghr@stgiles-hotels.com

 

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HRDF Claimable*

The Expert of the Experts

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

Seminars conducted by Synergy TAS PLT are eligible for HRDF claimable, subject to prior application to HRDF by the employers.

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

We engage Dr. Choong Kwai Fatt to conduct this Malaysia Imported Service Tax with Withholding Tax Complication ( ISTW 2019 ) seminar. Tap into the effective yet practical mind of Dr. Choong himself.

Topics Expanding

10 CPD Awarded

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

Malaysia Imported Service Tax with Wihholding Tax Complication (ISTW 2019), similar to other Taxation is a field which grows continuously. With changes made continuously be it from the parliament, the court or the tax authority. The list of topic covered in this seminar is not exhaustive. New topics will be included as it arises until the event to ensure latest information given to you.

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

10 CPD is awarded and Certificate of Attendance based on that is to be issued. Our participants came from different professional bodies. We provide you a certification which is widely accepted by the various professional bodies. The final CPD accepted by professional bodies vary and subject to each bodies’ discretion.

2 Hours of Q & A

Let us do the muscle and brain work for you

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

This is the highlight of the event. QUESTION AND ANSWER by the expert on your corporate and tax concerns. Malaysia Imported Service Tax with Withholding Tax Complication ( ISTW 2019 ) is about knowing the strategy to apply in specific scenario to prepare the documentation. Sharing of such experience is paramount to all.

Sales Tax Act 2018, Thenesh Kannaa, Sales and Services Tax Act 2018, Malaysia, SST, Royal Customs, Malaysian, Taxation, Tax Planning, Synergy TAS, TraTax, Sales Tax, MIA, CTIM, Seminar

While you focus on revenue generating and operation, on things that matters, we do all the muscle and brain work just for you. We compile most up to date laws and the latest tax updates. Process and summarise them into understandable language. We develop, package and give you the relevant guides and references. What you need to do is just comprehend and apply them.

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