BUDGET
2023
2 DAYS . 22 tOPICS . 2 q & a SESSIONS
WHERE
Sheraton Petaling Jaya, Selangor
WHEN
23 & 24 MARCH 2023 9 AM TO 6 PM (14 cpd)
SPEAKER
DR CHOONG KWAI FATT
This is a physical Live seminar
Prefer to attend the zoom session? Click the button below to redirect to the website for ONE DAY ZOOM session.
Budget 2023: Latest Business Approach and Substantial Tax Changes for the New Economic Cycle
” With New Government there is New Opportunities and New Risk.”
Our new Government, with table NEW Budget 2023 in year 2023. This would provide holistic measures and tax perks to support businesses to boost economy and reduce cost of living.
The Return of GST 2.0
Goods and services tax 2.0 (GST 2.0) would be announced to stimulate the economy with a tentative date speculated in September 2023.
Economic focus
SMEs and micro-businesses would be nurtured, allowing ageing retired employees and new young talents to venture into online businesses and entertainment activities on various social media platforms.
Time for a New Company
Companies must be newly formulated with the diversion of business activities, division of existing business into the recently incorporated company to be ready for the incoming of GST 2.0 and to allow management decisions to be focused and acted timely and promptly. The existing tax rebate of RM20,000 for consecutive 3 YAs on a new company or limited liability partnership must be fully exploited and maximized.
How About Property?
Real property gains tax will reduce its tax rate, the individual tax rate would be reduced to accommodate the escalated scale of living costs and to relieve the needed individuals on various extended medical and healthcare relief.
Tax Audit has New Framework
IRB has extensively widened up tax audit activities, reviewing the documentation for the commercial justification on tax deduction and business income assessment. Incorrect return penalty is inevitable for non-compliance and a new outlook of tax audit has been provided in the recent Tax Audit Framework issued on 1.5.2022.
Practical Application
This Budget 2023 is a watermark for businesses and individuals to reposition with new formulations. The contents of this Budget would provide the immediate antidote to business issues and a business hybrid model to accommodate work from home and physical office.
WE COVERS TRIO OF TAXATION
The Tax Family all under one roof. Completely updates on all three aspect of taxation: Income Tax, RPGT and Sales & Service Tax.
Other than compliance update, there are so many tax planning waiting for you, they are part of the long list of exciting changes you should look out for in this Budget 2023 tax seminar!
We are Entering New Economy
Create lots of tax planing opportunities.
Know how to benefit from the changes.
All in one Budget 2023 tax seminar.
Get Most Up to uncertainty.
Cover all THREE areas of taxation.
Tax Audit is Substantially Changed in 2023
After coming into action of Transfer Pricing on 1 January 2021. This year tax audit is altered with tax audit framework. You don’t just know the changes, you know what are the action plan required.
Budget 2023 Seminar : Business & Employee Tax Planning
After 2 years of Covid-19, it brought lot of changes in our life. It also reflected on one glaring fact: those who are able to response fast prosper.
It has created lots of Opportunities. This Unique Annual BUDGET 2023 Tax Updates and Tax Planning with Dr. Choong Kwai Fatt is a MUST ATTEND. Place in your hand those URGENTLY NEEDED Business and Employee Tax Planning for your Budget 2023.
Be benefited from the eager push by government, at the comfort of your home or office via live zoom session with Dr Choong.
Know where to update in your business be it existing Business Structure, exciting incentives or Employees’ Packages, also on documentation.
We are eager and look forward to seeing you in this Live in Sheraton. Net work with peers and client, while getting the latest tax planning.
Hot Topics Covered
Content Exclusive to This seminar
- Tax Incentive Analysis
- Reinvestment Allowance on Manufacturing, Automation Equipment Allowance
- Director’s beware
- Tax-Exempted benefits especially for Employees
- Adopting Flexible works arrangement
- Financing Business using Preferential shares
- Changes to contemporaneous Transfer Pricing Documentation
- Unexplained bank balance
- Sales and Service Tax Recovery and Changes
- Real Property Company Shares no longer the same
- Fine on conversion Bumi unit to non-Bumi unit
what’s covered
Bold
Content
Contents includes Tax Updates & Tax Planning but are not limited to just the following:
DAY ONE - 23 MARCH 2023
- Delightful tax Changes arising from Budget 2023 announcement;
- Latest Double Deduction, Special Deduction on Business Expenses and Capital Expenditure
- Tax Incentives especially for Manufacturing Sectors – What and How to utilise them?
- Business Models and Formulation in welcoming GST 2.0 - Are you ready for it?
- Tax Incentives on the Flexible Working arrangements in post-Covid endemic era: Very popular, what you need to do about it?
-
Business Deduction, Double Deduction
- How to apply them effectively? - Business Tax Incentives on SMEs, Micro-Businesses, and Young Talents in social media
- Tax Relief to Individuals – How to apply to Year Assessment 2023 and 2024?
- Tax Audit Awareness and Readiness with Analysis of Tax Audit Framework
- RPGT Changes and New Development
- Learning from IRB winning cases regarding Tax Audits in year 2021 and 2022
- SST Changes and its latest Developments – possible integration into GST 2.0?
- Foreign Sourced Income – Its latest developments and updates
- Optimisation of tax rebate RM20,000 for 3 YAs – What’s the hybrid structure for consideration?
- Also includes the many more tax updates which will pop up before the seminar date.
DAY TWO - 24 March 2023
** Exclusive tax planning content only available in this Budget 2023 Physical Live seminar.
- Tax Incentives Analysis – Income Exemption, Special Deduction and Double Deduction on Business expenses in PU(A) 2020-2022
- Reinvestment Allowance on Manufacturing, Automation Equipment Allowance – the Application, Selection and Implication
-
Director’s beware:
- Avoid being singly liable for the Company’s Tax, the ring-fence consideration
- Deemed Interest Income on loan to the Director (s 140B) - Exciting Tax-Exempted benefits especially for Employees : Employment Tax Planning
- Adopting Flexible works arrangement? The least known tax impact
- Financing Business using Preferential shares : how to use it
-
The must-know changes to contemporaneous Transfer Pricing Documentation
- the Noting Points on a selection of TP Methodology
- Deemed Interest Income on an Intercompany loan -
Unexplained bank balance is now income considered underreporting!
- the IRB basis and their Winning Points
- the evidence taxpayer need and what is considered appropriate justification -
Sales and Service Tax
- Changes and Development in 2020 to 2021
- Service Tax Recovery by IRB Directors are now jointly liable (including a shadow director) -
Real Property Company Shares no longer the same.
- Property developer company share is now confirmed RPC
- The disposal price has to includes amount received by the company or third party -
Fine on conversion Bumi unit to non-Bumi unit are now confirmed not deductible.
- Effect of the Court of Appeal’s decision on Prima Nova Development Sdn Bhd
- New approach to turnaround – consideration ponder points
More will be added when the Budget 2023 content is announced.
Also with the changes in tax case law decided by the court and gazette order published by tax authorities.
JOIN THIS SEMINAR.
Grab these rare Malaysia Budget 2023 Latest Tax Changes + Opportunities.
WHAT PAST PARTICIPANT THINKS
ABOUT OUR SEMINAR LAST YEAR
REVIEW
DAY ONE - 23 MARCH 2023
Part 1
12:30 PM TO 1:30 PM LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:00 PM TO 6:00 PM
…. More content may be added as changes where relevant from Budget 2023 prior to event date.
DAY TWO - 24 MARCH 2023
Part 1
12:30 PM TO 1:30 PM LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:00 PM TO 6:00 PM
…. More content may be added as changes where relevant from Budget 2023 prior to event date.
Venue
Conducted in the ballroom within the relaxation of Sheraton Petaling Jaya Hotel, 5-star heaven near along Federal Highway, near Kuala Lumpur.
Address:
Sheraton Petaling Jaya
Lorong Utara C, Pjs 52, 46200 Petaling Jaya, Selangor
What you will get :
- The reference books and printed slides,
- The Q & A link to submit your questions: Prior, During and Post seminar.
- Certificate of Attendance (Pdf)
GRAB THE DEAL.
EARLY BIRD ENDS
VERY SOON
:
:
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PRICING
Choose the right category based on the number of participants.
Group of
1 - 2 Pax
RM3460
RM
2660
-
Enjoys RM 800 off as Early Bird Discount when you registered Now.
REGISTER 1 - 2 PAX
Seat are limited and subject to first come, first served basis.
Group of
3 - 4 Pax
RM3300
RM
2500
-
Here’s how the math works :
RM 3,460 - RM 800 Early Bird Discount -RM 160 group registration discount = RM 2,500
REGISTER 3 - 4 PAX
Seat are limited and subject to first come, first served basis.
Group of 5 Pax
& more
RM3100
RM
2300
-
Here’s how the math works :
RM 3,460 - RM 800 Early Bird Discount - RM 360 group registration discount = RM 2,300.
REGISTER 5 PAX & MORE
Seat are limited and subject to first come, first served basis.
Popular
The promotional Price is valid until 24 February 2023. Grab this special promotional price.
JOIN THIS SEMINAR.
Grab these rare Malaysia Budget 2023 Latest Tax Changes + Opportunities.
wHO IS IT FOR?
Created for Business Owners, Accountants, Financial Personnel, Company Directors and you of course.
SHAREHOLDERS AND DIRECTORS
BUSINESS AND FINANCIAL DECISION MAKERS
COMPANY SECRETARY, AUDITORS, AND TAX AGENTS
ACCOUNTANTS, FINANCIAL CONTROLLERS, SENIOR EXECUTIVES
SHAREHOLDERS AND DIRECTORS
(Personnel involved in Managing the Company)
Shareholders and Directors are exposed to Personal Risk of Travel Restriction, Personal Liability to pay for “Tax Undercharged” and Company Bankruptcy. Therefore Shareholders and Directors must have personal understanding of what are the latest risks they are facing and ensure the right safeguard is in place. Especially to take advantage of available Tax Incentives, Business Recovery, Corporate Restructuring ideas and Tax Planning Opportunities. (Applicable to all industry)
BUSINESS AND FINANCIAL DECISION MAKERS
(CEO, CFO, General Manager and Financial Controller)
To ensure the company continue to prosper and remain relevant, be ready for Malaysia Budget 2022 and get to know what are the major changes in Government’s direction which impact Businesses Direction. Where Economy, Taxation and Business Direction need to be known. The Decision Makers must be well advised and comprehend the significance and be able to plant the right seeds and direction for the company.
COMPANY SECRETARY, AUDITORS, AND TAX AGENTS
The Advisors need to gear up and patch up your dose of Know-How from this Annual Malaysia Budget 2022 Seminar in view of this ongoing Covid-19 pandemic that is happening locally as well as internationally.
Get the Latest Malaysia Budget 2022 Approach implemented by ruling Government, latest KNOW HOW and New Action Plan needed.
ACCOUNTANTS, FINANCIAL CONTROLLERS, SENIOR EXECUTIVES
Applying a MFRS and SST are tough enough, plus Transfer pricing changes which is bringing Malaysian Business Structure change and cut across all industries in your accounting work. NOW there is another wave of change in New Government Business Direction with the regards of Covid-19 that you MUST BE READY FOR.
How will it affect your Business Direction, Accounting Entries, Documentation from now onwards and all the compliance requirements and thresholds involved. There are ample work to PATCH UP on the missing UPDATES.
INTERESTING FACT
93% of our Participants consist of Senior Management and Key Decision Makers.
Here's 2 main reasons why management Level love our seminar :
Concise & Packed with practical "How to"
Experienced Senior Management appreciate the fact that the more they legally slash from Tax, the more Profit they can easily retain in the company.
We Cover Risk Management
Tax Risk Management is on the shoulder of Senior Management (especially Directors), compliance and right documentation free them from lots of Tax Headache and be confident when they faced with Tax Audit and Investigation.
[One Last Secret: We notice most of our frequent attendees get promoted Very Fast in their respective Company. I suppose, those who can create high impact on company's $$$ will tend to get priority to be headhunted for promotion when it is available.]
JOIN THIS SEMINAR.
Grab these rare Malaysia Budget 2023 Latest Tax Changes + Opportunities.
Dr Choong Kwai Fatt
Dr Choong Kwai Fatt is an acknowledged tax authority and a leading tax specialist in Malaysia, highly sought after speaker and provided tax consultancy services to listed companies, audit firms, legal firms and the Malaysian Government for more than 25 years.
Like a diamond with multiple façade, Dr Choong shines for his depth of tax knowledge, rare combination of skill and experience derived from being a speaker, writer, researcher, advocate and solicitor, consultant and his passion towards tax education.
Collectively this has resulted in his outstanding presentation skill and charming persona as a speaker and advisor.
5/5
JOIN THIS SEMINAR.
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faq
Most frequent questions we received.
Our budget seminar is popular because we cover TAX PLANNING.
Conventional Budget seminar are created with the objective of just updating participants on latest changes.
Knowing tax changes help you to remain compliance.
Knowing tax planning provides substantial TAX SAVING.
Unfortunately, most of the sessions will not be repeated. Should there be a similar session, you can change to other session of the same event, subject to availability.
Refund is not possible as all seating arrangement with venue and printing of materials have been arranged and put in place. However, we can accept replacement by informing us via email 10 days prior to the event.
Yes. This seminar does not just cover the surface Updates or Latest Developments, it covers the most crucial question : “How to implement and embed them into my Company System?”
Join Us and Expect to take away How Practical Solutions and Implementation Pointers.
No. The CPD stated on the Certificate of Attendance is as awarded by the Training Provider in recognition of the hours spent learning with the respective Speaker/ Trainer.
Unfortunately, it is subject to the discretion of the respective institution whether or not to accept the point or otherwise.
Yes, we do understand plans are always subject to change. Do provide us the name 10 Days prior to the event date. If change of name were to notify after we have printed the Certificate of Attendance, reprinting of cert can be done with a Certificate Reprinting Administrative Fees of RM 100.
No. We wish we can answer yes to this. Our Seminar is based on latest and most up to date information, rules and regulations, with a cut off point of 1 to 2 weeks before the event. The earliest date for us to get the seminar materials from the Trainer/ Speaker is 1 – 2 days prior to event date. In this regards, we will have to turn down all request to deliver materials prior to event date.
We distinguish ourselves based on three areas. We are specialist in arranging effective and quality seminars.
We are also reputable event organising company set up to organise Advanced Tax Planning event. Our motto is to encourage the policy of “Plan Your Tax, Do NOT Evade Tax.”
Our Participants mainly consist of Corporate Leaders, Practitioners and Senior Executives, we hold firm to the view that we must do all it takes to maximise learning and impact in a minimum amount of time. We take pride in providing the most updated and well researched information.
Yes, our events are HRDF Claimable*
(*Subject to PSMB’s approvals by Participants). However do note that HRDF has new guideline on the claiming of HRDF on online training. Where there is restriction of RM 500 per day (with minimum of 4 hours training conducted over 2 days).
This applies to Company that is contributing to HRDF Fund.
Usually for live training as per the information we gather from Participants over the years, register and get the Invoice first.
Then, together with the Brochure, submit both Invoice and Brochure to HRDF for pre-approval (usually takes about 3 to 5 working days).
Once pre-approved, kindly email the preapproval for our record.
Post seminar we will submit the claim from PSMB after participants attended the event.
For Online training, HRDF do impose additional criteria. Such as the minimum number of hours and the minimum number of days and maximum number of participants per session. Do check with HRDF for more information on this.
If you have the latest updates as to how to claim HRDF, please do share with us via event@synergytas.com.
Thank you for sharing!
JOIN THIS SEMINAR.
Grab these rare Malaysia Budget 2023 Latest Tax Changes + Opportunities.
Need a copy of the
We provide both. View them online or the download pdf version.
