Optimizing Sales Tax Reliefs, Facilities and Incentives under the Sales Tax Legislations

OBJECTIVE

Sales Tax is a new tax system implemented in Malaysia to replace the Goods & Service Tax (GST). It is a single stage tax system encompassing various reliefs and exemptions unlike the previous GST system. The objective of the seminar is to introduce participants the principles and concepts related to sales tax and how businesses can benefit from the various reliefs and exemptions granted under the sales tax legislations and not the least the proper maintenance of records and compliance with the legislations. The program will also provide the participants with the latest updates on Sales Tax.

HOW WILL YOU BENEFIT

  • Understand the basic principles and concepts related to sales tax.
  • To determine the registration requirements under Sales Tax Act.
  • Understand the different type of exemptions, facilities and reliefs granted under the sales tax legislations and the need to maintain proper records
  • Understand sales tax procedures, documentation & compliance issues.
  • Highlight the common mistakes under committed under the sales tax legislations.
  • COURSE METHODOLOGY

    Power Points Presentation, Lectures, Discussions and Q & A session

    WHO SHOULD ATTEND?

    This course is suitable for all manufacturers, importers, exporters, trading houses, tax consultants and practitioners in understanding the complexity of customs procedures.

    COURSE OUTLINE
    Module Title
    Module 1 Sales Tax Legislations

  • Sales Tax Act 2018
  • Sales Tax Regulations 2018
  • Sales Tax (Customs Ruling) Regulations 2018
  • Sales Tax (Rules of Valuation) Regulations 2018
  • Sales Tax (Compounding of Offences) Regulations 2018
  • Sales Tax (Amount Of Sale Value Of Taxable Goods Manufactured) Order 2018
  • Sales Tax (Rates Of Tax) 2018
  • Sales Tax (Goods Exempted From Sales Tax) Order 2018
  • Sales Tax (Person Exempted From Payment of Tax) Order 2018
  • Sales Tax (Exemption From Registration) Order 2018
  • Sales Tax (Imposition of Tax In Respect Of Designated Areas) Order 2018
  • Sales Tax (Imposition Of Tax In Respect Of Special Areas) Order 2018
  • Module 2 Concept of Sales Tax

  • Concept of single stage taxation
  • Definition of manufacture under Sales Tax Act 2018
  • Sales Tax Registration and/ calculation of threshold
  • Sales Tax Exemption from Registration
  • Imposition and Scope of Sales Tax
  • Reliefs, Facilities and Exemptions
  • Module 3 Method of Sales Tax Valuation

  • Transaction Value Method
  • Identical Goods Value Method
  • Similar Goods Value Method
  • Computed Value Method
  • Deductive Value Method
  • Flexible Value Method
  • Module 4 Exemptions / Facilities under Sales Tax Legislations

  • Sales Tax (Persons Exempted from Payment of Tax) Order 2018
  • Schedule A – class of persons exempted from sales tax
  • Schedule B – exemptions for manufacturers of non-taxable goods
  • Schedule C – exemptions for registered manufacturers ( Lampiran C1,C3 and C5)
  • Sales Tax (Goods Exempted from Sales Tax) Order 2018
  • Sales Tax (Exemption from Registration) Order 2018
  • Sales Tax Deduction Scheme (formerly known as Credit System)
  • Module 5 Exemptions, Refund, Drawback and Remission

  • Power of Minister to exempt and refund
  • Refund of sales tax short paid or erroneously paid
  • Drawback of sales tax
  • Remission of sales tax
  • Module 6 Sales Tax Special Provisions

  • Treatment of Designated Area of Labuan, Langkawi and Tioman
  • Treatment of Special Areas of Free Zones, Licensed Warehouse and LMW
  • Module 7 Record Keeping / Accounting for Exemptions, Reliefs and Facilities

  • Sales Tax Returns SST-02
  • Recording/Accounting for Schedule C Exemptions
    • - CJ(P) Jadual C-01
      - CJ(P) Jadual C-02
      - CJ(P) Jadual C-03
  • Self-Declaration of Sales Tax Shortfall – Form SST – ADM
  • Module 8 Sales Tax Updates
    Module 9 Offences and Penalties under Sales Tax Act
    Module 10 Review and Appeal Procedures under Sales Tax Act 2018

    TRAINER’S PROFILE

    P. Nadaraja was formerly with the Royal Malaysia Customs (1981-1997) as a Senior Officer of Customs having served in various units and his key areas of focus includes customs administration, import and export procedures, classification, valuation, licensing and compliance matters. He possesses an in-depth knowledge of various customs legislations including Customs Act, Sales Tax Act, Service Tax Act, Excise Act and other subsidiary legislations. He
    has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysia Customs Academy in Malacca on various occasions to deliver lectures on various aspects of Customs laws and procedures. In 1997 he left the Customs Department on optional retirement for private practice as an Advocate and Solicitor.

    He is now involved in legal practice and at the same a time is actively involved in conducting seminars and workshops on customs matters. He has also conducted in house training for various companies including statutory bodies and has advised and consulted upon by companies on issues such as customs and sales tax valuation, classification, service tax matters, drawback, refunds, exemptions and others. He was officially appointed by the Customs Department to conduct Basic Customs Course for forwarding agents during the year 2005 – 2007.

    He is also an Associate of the Malaysia Institute of Chartered Secretaries and Administrators and an Associate Member of Chartered Tax Institute of Malaysia (ACTIM) and is currently involved in customs litigation and rendering of consultancy services on Customs matters.

    COURSE FEES

    Early bird fee: RM1,590 per person - Register by 2 October 2019

    Normal fees: RM1, 855 per person (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)

    ORGANISER

    Malaysian Export Academy
    No. 86, Jalan BP 7/8,
    Bandar Bukit Puchong,
    47120 Puchong, Selangor.

    Tel : 03 8066 3107
    Fax: 03 8066 6152

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