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Service Tax Updates and Development

Date & Time:
25 August 2020, Tuesday | 9.00 am – 1.00 pm
Venue: Join us from your home / office and be trained in our Virtual Classroom

INTRODUCTION

Sales and Service Tax (SST) since implementation w.e.f. 1/9/2018, has undergone various updates in the 2019 and 2020 with guides and policies issued immediate prior to and during the MCO period.

Hence this training program will discuss in depth the latest changes to those updates since January 2020.

OBJECTIVES

  • To be up-to-date with all Legislation and RMCD policies changes to ensure compliance.
  • Beware of common pitfalls / issues to avoid from RMCD’s SST audit findings.
  • To be able to do your SST implementation health check in preparation for Audit.
  • Understand the various SST Exemptions / Benefits facilities availability.
  • TARGET PARTICIPANTS

    • Business Owners and Company Directors
    • CEO, COO, CFOs, Financial Controllers and Finance Managers,
    • Accountants, Accounts Executives, Accounts Assistants.
    • Business Advisors, Auditors and Internal Audit Staff
    • Freelance Accounting Professionals,
    • Procurement/Purchasing/Sales/Logistics and other functional Managers
    • Other functional staff engaged in SST implementation matters.
    OUTLINES
    Topic
    1. SERVICE TAX POLICIES & LATEST UPDATES

      a) Digital Tax Re-define and Updates on Intra Group Companies Exemption w.e.f 15/5/2020
      b) Service Tax Policies 1 – 6 Revisit
      c) Service Tax Policy 7/2020 – Accounting of Service Tax for person exempted from paying service tax under item 4 of the order
      d) Service Tax Policy 8/2020 – Group relief facilities on provision of taxable services to companies within the same group
      e) Service Tax Policy 9/2020 – Service Tax treatment for taxable services under Group A under the Economy Stimulus Package 2020
      f) Amendment to policy 9/2020 issue in June 2020.
      g) Service Tax Policy 10/2020 – Service Tax exemption for provision of digital services relating to Banking and Financial Services
      h) Regulation changes on intra-group company exemptions and re-define digital services provided by local providers from Mid May onwards.
      i) Guide on Digital Services by FSP on registration, returns and payments
    2. DIGITAL TAX (StoDS) AND ITS EFFECT ON SERVICE TAX ON IMPORTED SERVICES AND DIGITAL TAX REFUND FACILITIES

      a) Concept and Mechanism of Service Tax on Digital Services (StoDS)
      b) StoDS effect on imported services
      c) Circumstances where refund of StoDS is allowed.

    TRAINER’S PROFILE

    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.

    COURSE FEES

    RM235 per person (Fee is subjected to 6% SST)

    # Fee is inclusive of Course Notes and Digital Certificate of Participation

    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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