The Royal Malaysian Customs Department (RMCD) provides various tax incentives to the business community to lower their cost of doing business in Malaysia in order to be competitive globally. The manufacturing sector in particular is granted tax exemptions under the Customs Act 1967 and Sales Tax Act 2018 on imported and locally purchased raw materials / components, packing / packaging materials, manufacturing aids, machineries, equipment & spare parts used in the manufacturing process.
It is surprising that organizations which are entitled to claim the tax exemptions are not doing so. This course caters primarily for manufacturers registered under the Sales Tax Act 2018 and non-registered manufacturers located in Special Areas (FIZ and LMW). Manufacturers will be exposed to the facilities and incentives available to them, application procedures, documentation and the conditions required to be satisfied.
WHO SHOULD ATTEND?
This course is suitable for manufacturers (registered and non registered), forwarding agents, logistics companies and accounting / finance manages.
Remote online training - Power Points Presentation, Discussions and Case Studies.
|MODULE 1||OVERVIEW OF TAX EXEMPTIONS UNDER CUSTOMS LEGISLATIONS|
|MODULE 2||INTRODUCTION TO MIDA EXEMPTIONS AND SECTORS ELIGIBLE|
ORGANIZATIONS QUALIFIED FOR TAX EXEMPTIONS
GUIDELINES ON TAX EXEMPTIONS FOR MANUFACTURING SECTOR:
CHANGES IN TAX EXEMPTION POLICY
TYPES OF TAX EXEMPTIONS:
|MODULE 7||APPLICATION PROCEDURES FOR TAX EXEMPTIONS (Form SPM / SPM1)|
|MODULE 8||CONDITIONS IMPOSED BY MIDA/ RMCD ON TAX EXEMPTIONS|
IMPLEMENTATION, ENFORCEMENT AND SUPERVISION BY RMCD ON EXEMPTION HOLDERS
RESPONSIBILITIES OF EXEMPTION HOLDERS
|MODULE 11||COMMON MISTAKES / NON-COMPLIANCE BY EXEMPTION HOLDERS|
TAX EXEMPTIONS UNDER CUSTOMS DUTIES EXEMPTION ORDER 2017 and SALES TAX (PERSONS EXEMPTED FROM PAYMENT OF TAX) ORDER 2018
TREATMENT OF MISCELLANEOUS ITEMS
BRIEF OUTLINE SALES TAX CONCEPT
APPLICATION FOR SALES TAX EXEMPTIONS
|MODULE 16||SALES TAX EXEMPTIONS ON SUBCONTRACT WORKS & RELATED PROCEDURES|
OFFENCES AND PENALTIES
REMISSION OF CUSTOMS DUTY AND SALES TAX
REVIEW AND APPEAL PROCEDURES
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 posses an indepth 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.
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