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BUDGET

2024

3 DAYS . 33 tOPICS . 3 q & a SESSIONS

WHERE

The Gardens Hotel, mid valley, kuala lumpur

WHEN

13, 14 & 15 December 2023 (Session 2)
9 AM TO 6 PM
(21 cpd)
4, 5 & 6 December 2023 Session 1 (Very Limited Seats Available)

SPEAKER

DR CHOONG KWAI FATT

Budget 2024: Latest Business Approach and Substantial Tax Changes for the New Economic

Madani Economy: Empowering the People Amid Global Economic Uncertainty

Amidst the tension between the USA and China, which has greatly impacted the global economy, the Malaysian Government is taking proactive measures to empower its people and stimulate the local economy. In the upcoming Budget 2024, there will be likely no announcement or suggestion of the Goods and Services Tax (GST). Instead, the Government is focusing on attracting high-impact Foreign Investments through Strategic Tax Incentives and promoting Transparency in Business Operations through the Implementation of e-Invoicing.

Boosting Domestic Companies, Fostering Innovation and Sustainability

As part of the 12th Malaysia plan, the Government is extending Manufacturing Incentives, Green Incentives, and Artificial Intelligent Technology Incentives to support domestic companies & foreign direct investment. These incentives aim to boost the local economy and indirectly benefit the workforce employees. By encouraging innovation and investment, the government aims to create a thriving business ecosystem and improve the welfare of its citizens.

E-Invoicing: Transforming Business Operations for Greater Transparency

To ensure transparency in business transactions and accurate reporting of revenue and expenses, the Malaysian government is implementing an e-invoicing system. Having a five point model, it enables IRB to collect direct Real-Time Data from Companies and utilising Big Data Analysis able to accurately identify Tax Issues. This digitalization of the economy ecosystem will revolutionize the Tax Framework and enhance the efficiency of the overall Business Environment. The implementation will be carried out in stages starting from 2024, and it is crucial for Businesses NOW to understand the impact of e-Invoicing as early as possible and the SOLUTION to Overcome this  NEW Challenges that will be covered in depth during this Budget 2024 seminar.

Special Voluntary Disclosure Programme (SVDP) 2.0: Seize the LAST Opportunity

The COVID-19 pandemic has accelerated the adoption of e-Payment Mechanisms, making it easier for authorities to detect underreported income and non-deductible Expenses. With the implementation of the e-Invoicing System, Fictitious Claims and Double Claiming of Expenses will be exposed, leading to Potential Tax Undercharging. To address this, the Government is offering the LAST Opportunity to participate in the SVDP 2.0, which allows Taxpayers to rectify their Tax Affairs WITHOUT Penalties and provides Flexible Payment Options. However so many have misunderstood the approach to SVDP, too many have done it wrongly and it has caused substantial Tax Damages. this need to be done in a specific manner, the Right Approach will be delivered during the Seminar.

Luxury Tax and Unlisted Shares: Targeted Measures for Balanced Taxation

To mitigate the impact of tax hikes on the Domestic Business rebound, the Government is considering introducing Luxury Goods Tax and Capital Gains Tax on Sales of Unlisted Shares. These targeted measures aim to minimize adverse effects on selected consumers and the business community.

Skilled Employee and Retirement Age: Embracing Experience and Nurturing the Future

Recognising the value of experienced employees, the Government is extending the retirement age to 65 and introducing a Lower Tax Rate for mid-range income employees. This will enable skilled employees to guide and mentor the younger generation, fostering a stronger economy and knowledge transfer.

Real Property Gains Tax Change: Balancing Ownership and Taxation

Foreign citizens, overseas companies, and local companies with substantial foreign ownership may face a higher rate of Real Property Gains Tax (RPGT). This measure aims to strike a balance between encouraging investments and ensuring fair taxation.

Sales and Services Tax: Streamlining for Efficiency

The Government is considering merging the Sales and Service tax (SST) into a single legislation to optimize efficiency and enhance the effectiveness of Tax Collection. This streamlined approach aims to simplify the Tax System and improve compliance for businesses.

Why our Budget Seminar Stand Out Stand Out ?

Because of these 5 Reasons.

01. Complete Tax Coverage

Tax Changes not just from Budget Announcements. Tax Law Changes due to Gazette Orders and New Tax Cases too.

02. Practical Tax Planning

Get more than just information on tax changes – understand their impact, learn about the latest tax planning strategies, and avoid common tax traps.

03. Stay Ahead with E-Invoicing and SVDP 2.0

Discover how E-Invoicing will revolutionize tax audits and learn how to adapt your accounting structure. Dr. Choong will provide expert guidance on making the necessary adjustments before year-end.

04. Interactive Q&A with Post-Support

Join a community of 200 experienced peers to ask questions, clarify confusing points, and gain insights into expected challenges. You won't be alone in navigating tax issues.

05. Convenient Location

Attend the seminar at Mid Valley, where you can enjoy abundant shopping and dining options. Make the most of the festive season and sales after the event.

this year is special : WE COVERS FIVE AREAS THIS BUDGET 2024

The Tax Family all under one roof. Completely updates on all three aspect of taxation: Income Tax, RPGT and Sales & Service Tax. Plus two IMPORTANT time sensitive tax planning opportunities: E-invoicing and SVDP 2.0. 

five-areas-of-focus-this-budget-2024-Cardboard-Boxes-Scene-Packaging-Mockup

be ready for your 2023 and 2024 tax filing
without reading a line of the source documents Practical application of the latest tax Update Know latest tax saving strategies Easily Avoid tax traps with peace of mind. .

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 2024 tax seminar!

Malaysia is Fighting for FDI

Learn to Utilise the tax planning opportunities created by Government.

Know how to benefit from the changes.

All in one Budget 2024 tax seminar.

Avoid E-invocing's heavy tax traps

Easily avoided if you know what to "Update" in your accounts

Get Most Out of Uncertainty.

Cover all FIVE areas of taxation.

Tax Audit Game Experiencing Substantial Changes in 2024

 

With e-invoicing and going cashless by 2027, the Tax Audit game changed irreversibly. Knowing how to put in the right accounting changes has never been this important ever before. There are so much preparation needed prior to 2024. You don’t just know the changes, you know what are the action plan required.

Budget 2024 Seminar : Business & Employee Tax Planning


Post 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.

This Budget 2024 has created lots of Opportunities. This Year’s Unique BUDGET 2024 is super crucial. It will set the momentum for Malaysia for the next 10 years. 

With opportunities there come high risk too. Therefore, Tax Updates and Tax Planning with Dr. Choong Kwai Fatt is a MUST ATTEND for you. Place in your hand those URGENTLY NEEDED Business and Employee Tax Planning for your Budget 2024.

Be benefited from the eager push by government, with three day spent with Dr Choong be laser focus on tax changes which matter. 

You don't just know what are the tax updates, you need to know what change to make in your business now.

We are eager and look forward to seeing you in The Gardens Hotel. Network with peers and client, while getting the latest Tax Planning.

JOIN THIS SEMINAR.

Grab these rare Malaysia Budget 2024 Latest Tax Changes + Opportunities.

what’s covered

Practical Tax
Planning

budget-2024--all-five-areas-of-tax-trio-of-taxation

Contents includes Tax Updates & Tax Planning but are not limited to just the following:

DAY ONE

Advanced Tax
Planning

go-beyond-tax-updates2

DAY TWO

** Exclusive Tax Planning content only available in this Budget 2024 Physical Live seminar. 

Also with the changes in tax case law decided by the court and gazette order published by tax authorities.

E-INVOICING + SVDP 2.0

budget-2024--all-five-areas-of-tax

DAY THREE

** Exclusive Tax Planning content make the required changes prior to YA 2024.

Discover the practical application, implications, and complications of e-invoicing, including:

SVDP 2.0 Considerations:

Don't miss this opportunity to enhance your tax planning expertise and stay ahead of the game in 2024. Act now and secure your spot at this must-attend event.

JOIN THIS SEMINAR.

Grab these rare Malaysia Budget 2024 Latest Tax Changes + Opportunities.

WHAT PAST PARTICIPANT THINKS ABOUT OUR SEMINAR LAST YEAR

Actual REVIEW

Timeline

The estimated timeline for Budget 2024

DAY ONE

Part 1

8:30 AM

REGISTRATION + BREAKFAST

Open for registration and pick up seminar materials 30 minutes before the seminar commencement to resolve any hiccups and be familiar with arrangement for the seminar. 

# Dr Choong usually start early, so do show up earlier so that you don’t miss out on the important content.  

9:00 AM to 10:15 PM

  • Domestic companies:
    • Deductions, special deductions, and tax planning
  • Micro, Small and Medium Enterprises (MSME):
    • Expansion of tax base and new tax booster incentive

10:15 AM to 10:30 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

10:30 AM to 12:30 PM

  • Tax incentives on the Manufacturing Sector:
    • Expansion of reinvestment allowance and automation allowance
  • High-Impact Investment Incentives:
    • Complete exemption or 10% tax and incentives for C-suite employees

12:30 PM TO 1:30 PM BUFFET LUNCH BREAK

Part 2

1:30 AM to 3:30 PM

  • Tax incentives for Export Base Industries:
    • New incentives and deductions
  • Agricultural Base Incentives:
    • Extension of approved food projects and incentives for aquaculture and agriculture with AI features

3:30 AM to 4:00 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

4:00 AM to 5:00 PM

  • Real Property Gains Tax (RPGT):
    • Changes and planning aspects
  • Luxury Goods Tax:
    • Conceptual framework, applications, and deductibility of luxury goods as promotional gifts
  • Capital Gains Tax on sales of unlisted shares:
    • Shareholder categories, computation, and integration with income tax
  • RPGT switch to income tax for property developers and traders

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

Part 1

8:30 AM

REGISTRATION + BREAKFAST

Open for registration and pick up seminar materials 30 minutes before the seminar commencement to resolve any hiccups and be familiar with arrangement for the seminar. 

# Dr Choong usually start early, so do show up earlier so that you don’t miss out on the important content.  

9:00 AM to 10:15 PM

  • Individual reliefs and income exemption:
    • New scope of tax relief and income exemption categories
  • Special exemption on foreign sourced income:
    • Substance requirements and computation of relief on foreign-sourced income

10:15 AM to 10:30 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

10:30 AM to 12:30 PM

  • Sales and Service Tax (SST):
    • Their Merger, expansion, and new tax rates

12:30 PM TO 1:30 PM LUNCH BREAK

Part 2

1:30 AM to 3:30 PM

  • Company tax restructuring and formulation:
    • Optimized structure, treatment of intellectual property rights, and formulation of business income

3:30 AM to 4:00 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

4:00 AM to 5:00 PM

  • Transfer pricing:
    • Interpretation, application, and complications

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 THREE

Part 1

8:30 AM

REGISTRATION + BREAKFAST

Open for registration and pick up seminar materials 30 minutes before the seminar commencement to resolve any hiccups and be familiar with arrangement for the seminar. 

# Dr Choong usually start early, so do show up earlier so that you don’t miss out on the important content.  

9:00 AM to 10:15 PM

Discover the practical application, implications, and complications of e-invoicing, including:

  • Conceptual framework and working mechanism
  • Model structure and integration with IRB
  • Transition and migration into e-invoice mechanism with IRB approval
  • Deduction of expenses not supported by e-invoice

10:15 AM to 10:30 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

10:30 AM to 12:30 PM

  • Impact on revenue due to non-generation or delay of e-invoice approval
  • Preparation and review of account coding, settlement with trade payables, refinancing property, and more
  • E-banking and e-transmission
  • Special Voluntary Disclosure Programme (SVDP) 2.0: Last call for attractive benefits

12:30 PM TO 1:30 PM LUNCH BREAK

Part 2

1:30 AM to 3:30 PM

SVDP 2.0 considerations:

  • Differentiating income receipt and capital receipt
  • Deducting business expenses within uncertainty
  • Intelligent use of circumstantial evidence for expense deduction without invoice
  • Special situations for foreign-source but Malaysian-derived income
  • Scope and boundaries of deemed Malaysian-derived business income
  • The SVDP 2.0 procedures and requirements

3:30 AM to 4:00 PM

TEA BREAK – ENJOY THE SUMPTOUS TEA BREAK WHILE NETWORKING WITH CLIENT AND PEERS

4:00 AM to 5:00 PM

  • Computation of underreporting income – option or compulsory
  • The documentation needed to support voluntary disclosure.
  • The complete success of SVDP disclosure at ease and certainty
  • IRB will not reopen cases on SVDP – extensiveness of this assurance and its certainty.

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 The Gardens Hotel, 5-star heaven within The Gardens Mall in Mid Valley. Love for its strategic location and the direct access to shopping mall, eateries and parking (Premium and Zone U).   

Address:

The Gardens Hotel 
The Gardens, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala LumpurG

What you will get :

  1. The reference books and printed slides,
  2. The Q & A link to submit your questions: Prior, During and Post seminar. 
  3. e-Certificate of Attendance
Plus, lots and lots of practical Tax Planning Strategies for easy implementation.

e

JOIN THIS SEMINAR.

Grab these rare Malaysia Budget 2024 Latest Tax Changes + Opportunities.

PRICING

Choose the right category based on the number of participants. The price stated below is for 3 days seminar

Group of
1 - 2 Pax

RM4800
RM 4,200
  • Enjoys RM 600 off as Early Bird Discount when you registered Now.

Group of
3 - 4 Pax

RM4500
RM 3,900
  • Here’s how the math works :
    RM 3,460 - RM 160 group registration discount = RM 3,300

Group of 5 Pax
& more

RM4200
RM 3,600
  • Here’s how the math works :
    RM 4,800 - RM 600 Early Bird Discount - RM 600 group registra􀆟on discount = RM 3,600.
Popular

This program is HRDC Claimable.
When you apply for HRDC please ensure “30% up front payment” is selected. 

JOIN THIS SEMINAR.

Grab these rare Malaysia Budget 2024 Latest Tax Changes + Opportunities.

wHO IS IT FOR?

Created for Business Owners, Accountants, Financial Personnel, Company Directors and you of course.

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 2024 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.

Grab these rare Malaysia Budget 2024 Latest Tax Changes + Opportunities.

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 2024 Latest Tax Changes + Opportunities.

Need a copy of the 

We provide both. View them online or the download pdf version of Budget 2024 Session 2. 

Got a Question? We are just one click away.
Whatsapp Us or drop us an email.

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