Sales Tax since its implementation from 1/9/2018 has gone through various updates via Legislations and Policies. Requirements like Recipient Self Accounting for Imported Services, Sales Tax Credit Systems (formerly known under CJ(P)3), further expansion of Person Exempted from Paying Sales Tax, Revised procedures for sales tax exemption application for purchase from traders, Record Keeping and periodical returns, etc., calls for all Registered and Non-Registered Manufacturers to be fully aware of what are the latest requirements to be complied.
Registered Manufacturers (RM) are entitled to apply for sales tax exemption under the Person Exempted from Paying Sales Tax Order and be eligible to purchase taxable manufacturing inputs materials such as raw materials, components, packing materials and manufacturing aids, free from sales tax when purchased directly from other registered manufacturer or through a third party or import or sub-contract to another RM to partly finished the manufacturing process. These exemptions are subject to certain conditions. Any BREACH of these conditions will be subject to Recovery of Sales Tax, Penalty and Compound by RMCD.
Furthermore, various inventory movement reports also need to be prepared and kept quarterly and other reports need to be furnished to RMCD periodically. Failure to do so may result in the withdrawal of the exemption facilities, penalty and compounds.
- Course notes and lectures.
- Participative and active, group discussions and hands on exercises.
WHO SHOULD ATTEND?
Tan Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time are spend in the Manufacturing Marketing & Distribution and services organization, including those with the then Inchcape Timuran Berhad, Metroplex Berhad, Perdana Industries Berhad.
He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries, holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.
He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009 and a life member with the Malaysian Institute of Directors.
Kok Tee has been involved in training and facilitation since beginning 2009. To-date he had conducted about 300 training workshops, of which more about 200 are on GST including GST Accounting for both in-house as well as public, including for Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as on behalf of various other training providers.
He also developed delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR’s NGO strategic planning program and an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.
Early bird fee: RM901 per person - Register by 9 October 2019
Normal fee: RM1,007 per person
– SBL claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and 6% SST)
*Group discount of 10% available (for 3 or more participants from the same company)