Supporting Organisation

Organised by

How will GST work?

How will GST affect the business environment?

What are the implications to businesses?

How to manage the transition to GST?

Goods & Services Tax (GST) in Malaysia

Practical Planning to GST Implementation
8.45am 5.30pm 12 May 2010 Parkroyal Kuala Lumpur

Goods & Services Tax (GST) in Malaysia

Practical Planning to GST Implementation
12 May 2010 8.45am 5.30pm Parkroyal Kuala Lumpur

The postponement in the second reading of the Goods and Services Tax (GST) Bill at the recent Parliament session has caused a lot of uncertainty in the business arena. The private sector has highlighted the need for lead time for potential changes in business processes in the implementation of GST. The impact of GST registration can be extensive to a business. It can impose additional record-keeping requirements and changes to the treatment of the companys products and services. Indirect taxation is also likely to impact cash flow, pricing strategies, business contracts and day-to-day accounting for sales and purchases. Given the impact of GST on business operations, the question now is How can we better prepare for GST implementation? The one-day GST seminar organised by CCH Executive Events will provide guidance on an action plan and practical implementation techniques in responding to GST. Backed by a panel of leading tax experts, the event will also examine the practical issues and challenges faced by businesses, and how to better manage these issues. Join us to gain a comprehensive understanding on GST implementation in Malaysia.

What This Seminar Offers?

n n

Analysis on the new GST tax regulations in Malaysia and its requirements Understanding of practical planning issues and how GST passes through the accounting books Expert advice and tips in creating GST action plans and getting your company GST ready Insight on overcoming potential errors and avoiding pitfalls in GST implementation Guidance on minimising possibility of costly penalties by getting your GST returns right Lessons to be learnt on how to manage the transition to GST Panel discussions on key challenges in preparing for GST and how to go about it Networking opportunity with peers, customers, government and industry experts

Who Should Attend?

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n n n n n

Company Directors and Chief Executives Financial Controllers and Finance Managers Tax Consultants Tax Executives and Planners Auditors Accountants Corporate Advisors

COMPLIMENTARY Reference Guide

Each participant will get a copy of CCH GST Toolkit a quick implementation guide to GST in Malaysia

PROGRAMME
8.45am

Wednesday, 12 May 2010

Welcome Address
Dr. Veerinderjeet Singh, Managing Director, Taxand Malaysia

12.30pm Panel Discussion

n

9.00am

The GST Framework

n

Latest developments in the Goods and Services Tax (GST) Bill n Treatment on specific sectors n Where to go from here?

Tax policy aspects Why GST? Rationale behind the proposed GST n Salient aspects of the proposed GST model in Malaysia n Administrative issues
n

1.00pm 2.00pm

Networking Lunch Managing the Practical Planning Issues in the Transition to GST
n

Dr. Veerinderjeet Singh, Managing Director, Taxand Malaysia

9.45am

The Rationale and Developments of GST

n

Governments intention of introduction of GST n The proposed model for Malaysia n Impact on the rakyat, businesses, economy and government Wan Leng Whatt, Deputy Director of Customs Royal Malaysian Customs Department, Ministry of Finance

Preparing business and accounting processes to reflect GST accurately n How does GST pass through the books? n Practical view: issue tax invoices, credit notes and debit notes, GST payments and filling returns n Preparing GST returns Michael Hendroff, Director Indirect Tax Practice, KPMG Tax Services

2.45pm

Potential Errors and How to Avoid Them

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Potential errors n Conditions for filing of GST error returns n Making GST adjustments Peter Devlin, Executive Director & GST Leader, Deloitte Malaysia

10.30am 10.45am

Morning Refreshments GST Implementation Plan

n

Getting your organisation ready an optimal GST implementation strategy n Practical issues on GST implementation and the resolutions thereof n Developing a clear roadmap and post-implementation plan n Maximising opportunities, managing risks and complying with requirements Bhupinder Singh, Partner, Ernst & Young Tax Consultants

3.30pm 3.45pm

Afternoon Refreshments Salient Legal Issues: How to Run the Gauntlet and Survive
n n

Key GST legal issues to watch out for An overview of GST offences and penalties n Comparative GST / VAT case law n GST disputes and appeals Anand Raj, Advocate & Solicitor, Partner, Shearn Delamore & Co.

11.30am

Reviewing the Industry Guidelines

n

4.30pm

Panel Discussion
n

Types of GST exemptions n Treatment for specific sectors (including special schemes) n Impact of the industry guidelines on business n Preparing for action plans and next steps Raja Kumaran, Executive Director, PricewaterhouseCoopers Taxation Services

Key challenges in preparing for GST in Malaysia and how to overcome them n Practical planning issues and common mistakes made

5.30pm

End of Programme

DISTINGUISHED SPEAKERS
DR. VEERINDERJEET SINGH n Managing Director, Taxand Malaysia Sdn Bhd Dr. Veerinderjeet has had extensive experience in tax matters both as an academic as well as at a professional level. He has served with the Malaysian Inland Revenue Department, has worked in international accounting firms and has held the position of Associate Professor in Taxation and Head of the Division of Accounting at the Faculty of Economics & Administration, University of Malaya. He has served as an Executive Director in the Malaysian tax practice of two of the then Big 5 international accounting firms. He is the Managing Director of TAXAND MALAYSIA Sdn Bhd (a boutique tax consultancy practice which offers tax advisory services) which is a member firm of the TAXAND Global network, an alliance of tax firms worldwide offering independent tax advice. He is a member of the TAXAND Coordination Team and also takes charge of the Asia Pacific Knowledge & Training initiatives of the TAXAND network. He is also currently President of the Chartered Tax Institute of Malaysia, a Council Member of the Malaysian Institute of Certified Public Accountants and has served as a Council Member of the Malaysian Institute of Accountants. He has been actively involved in contributing his views to the Ministry of Finance on the GST framework for Malaysia. WAN LENG WHATT n Deputy Director of Customs Royal Malaysian Customs Department, Ministry of Finance Wan has 30 years of experience of indirect tax matters especially in the areas of service tax and sales tax. He is currently attached with the GST Special Unit of the Royal Malaysian Customs Department and is part of the MOF/Customs team responsible for setting up of the Goods and Services Tax policies and model. As part of the GST team, Wan has visited Canada, UK, Netherlands, Australia, New Zealand, Thailand and Singapore to gather knowledge and study various countries VAT/GST practices and treatment. He is also involved with the drafting of the GST Bill which had been tabled in the Parliament for the first reading on 16 December 2009. Being an experienced member, he has been leading the GST team to discuss GST issues on financial services with banks, insurance companies and other financial institutions. Besides that, he is actively engaged in many public consultations, seminars and briefings with various industries, businesses, government agencies, associations and consumers as well as answers questions pertaining to GST issues and treatment. BHUPINDER SINGH n Partner, Ernst & Young Tax Consultants Sdn Bhd Bhupinder leads the GST team in Ernst & Youngs Malaysia office. He has more than 20 years experience in providing consulting and compliance services involving national and cross border indirect tax issues. He serves a wide range of multinational clients which include airlines, shipping, telecommunication, petroleum, automobile, banking and the insurance industry (both conventional and Islamic). In order to equip himself with the necessary GST knowledge and skills, Bhupinder has visited several global offices of Ernst & Young. He is recognised and respected in Malaysia in the area of GST knowledge and is a regular speaker at public seminars. He has contributed many articles on GST and indirect tax issues to newspapers and leading journals. He has also been invited by industry sectors to be involved in dialogues/ discussions with the Tax Review Panel on specific industry issues and propose recommendations to assist in resolving practical issues. RAJA KUMARAN n Executive Director, PricewaterhouseCoopers Taxation Services Sdn Bhd Raja has 34 years of indirect taxation experience having previously served as a senior officer with the Customer Department. He was part of the MOF/Customs Sales and Services Tax (SST) team responsible for drafting the SST law in early 90s. He was also part of the delegation which visited the UK, Netherlands and Singapore to study issues on the implementation of GST/VAT in those countries. Raja has extensive knowledge on customs administration, import/export procedures, classifications, valuation, licensing, compliance and is well versed with the Customs Act, Excise Act, Service Tax Act, Sales Tax Act, the Countervailing and Anti Dumping Act, the ASEAN Preferential Trading Arrangements (PTA) and the Common Effective Preferential Tariff (CEPT) Scheme. He has worked with multinational clients from various industries including automotive, telecommunications, manufacturing, trading, property development, oil and gas and information technology. Raja is currently the Convenor of the Trade Facilitation Sub-Committee for the Malaysian International Chamber of Commerce and Industry (MICCI) and brings specialist knowledge in the evolution of tax legislations. MICHAEL HENDROFF n Director Indirect Tax Practice, KPMG Tax Services Sdn Bhd Michael over 15 years experience and advises clients on indirect tax matters, covering sales tax, service tax, customs, excise duties and GST. He is currently a director in the Indirect Tax division of KPMG Tax Services in Malaysia and deals mainly with tax incentives, duty exemption, classification for large scale projects, WTO valuation for imports and GST implementation programs for clients. Michael is a member of the Malaysian Industries of Commerce and Companies Information (MICCI) Trade Facilitation Sub-Committee. He has a good working relationship with various governmental agencies such as the Customs, Ministry of Finance (MOF), Ministry of International Trade and Industry (MITI), Malaysian Industrial Development Authority (MIDA) and the Tax Review Panel. PETER DEVLIN n Executive Director & GST Leader, Deloitte Malaysia Peter has been assisting numerous companies in the financial services industry, including banks and insurance companies, as well as the telecommunications and manufacturing sectors with GST implementation for Malaysia. Prior to joining Deloitte, Peter worked with the Canadian Department of National Revenue in the GST Policy and Legislation branch, before leaving to work in Indirect Tax consulting roles in Australia, Ireland and Singapore. Peter has also spent the past four years working in Malaysia as a member of the GST implementation team with another tax consulting firm. In both Australia and Malaysia, Peter has worked on large scale multi disciplinary GST implementation projects. He has also been advising Malaysian clients on pre/post GST planning strategies. With over 15 years in indirect tax consultancy experience, including GST implementation expertise, Peters extensive experience in the operations of GST and VAT systems around the world will provide another level of technical expertise and practicality which is of utmost importance in the implementation of the GST in Malaysia. ANAND RAJ n Advocate & Solicitor, Partner, Shearn Delamore & Co. Anand has been a member of Shearn Delamore & Co.s Tax and Revenue Practice Group from 1996 and has been a partner of the firm since 2003. Shearn Delamore & Co. has been recognised as, amongst others, the Malaysia Tax Litigation Firm of the year for 2007, 2008 and 2009 by the International Tax Review at the annual Asia Tax Awards. Anand has extensive experience in all aspects of tax and revenue law advisory, structuring, planning, litigation, transfer pricing, audit and investigation work. Anand has appeared as Counsel for taxpayers before the Malaysian courts and a number of his cases have been reported. He has prepared and presented papers on Malaysian Tax and Revenue Law at domestic and international forums. Anand has written articles and contributed to domestic and international tax and accounting journals and is one of the authors of CCHs Malaysian Revenue Guidelines and Public Rulings.

Registration Form
ENQUIRIES Sarah: 03.2052.4608 / 016.255.7013 Fax: 03.2026.7003 Email: sarah@cch.com.my Website: www.cch.com.my Address: Commerce Clearing House (M) Sdn Bhd Suite 9.3, 9th Floor, Menara Weld, No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia. DELEGATE 1
Salutation Name Job Title Email Special Dietary Requests (if any) Tel Mr Mrs Ms Dr

SEMINAR DETAILS Goods & Services Tax (GST) in Malaysia (0110MCE) Date: 12 May 2010 Time: 8.45am - 5.30pm Venue: Parkroyal Kuala Lumpur

DELEGATE 2
Salutation Name Job Title Email Special Dietary Requests (if any) Tel Mr Mrs Ms Dr
ly * Te app rms & Conditions

Company Address

Tel Nature of Business Contact Person

Fax Company Size Email

ENROLMENT STATUS
CCH Executive Events Corporate Member CCH Subscriber Non-Subscriber/Non-Member
TERMS & CONDITIONS Registration & Confirmation Registration will only be confirmed upon receipt of completed registration form. A confirmation email will be sent to you from CCH to confirm your registration for the event. Payment Payment must be received prior the event. Please refer to Payment Options for payment details. Cancellation Full payment will be imposed if cancellation is made after 28 April 2010. This also applies to no show on the day of event. In such cases, a complete set of course materials will be sent to you at no additional charge. Notice of cancellation must be made in writing via email/ fax and acknowledged by CCH. Substitution A substitute delegate is allowed at no extra charge if you are unable to attend. Please inform CCH of the replacement in writing at least one week before the event. Programme Changes CCH reserves the right to cancel or make changes to the programme without any notification.

Early Bird Fee (RM) (by 26 April 2010)

Regular Fee (RM) (after 26 April 2010)

CCH Executive Events Corporate Member CCH Subscriber Non-Subscriber / Non-Member

560 640 720

640 720 800

*Fee includes seminar materials, certicate of attendance, refreshments & lunch

PAYMENT OPTIONS
By Cheque ( Bank n Crossed cheque made payable to: Commerce Clearing House (M) Sdn Bhd By Credit Card Cardholders Name Card No. Expiry Date Amount MasterCard Visa Cheque No. )

HRDF Claims This workshop is HRDF-SBL claimable, subject to the approval of HRDF. Important Notice Pursuant to the provisions of the DIRECT SALES ACT 1993, the registration form herein shall only be used by body corporate. Since Commerce Clearing House (M) Sdn Bhd is unable to accept any individuals who are not body corporate, individual applicants who wish to attend are requested to register themselves at Suite 9.3, 9th Floor, Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia or call us for registration procedure.

I have read the Terms & Conditions and agree to abide by them.

Cardholders Signature Signature & Company Stamp Date

Supporting Organisation

Organised by

How will GST work?

How will GST affect the business environment?

What are the implications to businesses?

How to manage the transition to GST?

Preparing for GST - Practical Planning to GST Implementation

17 May 2010 9.00am 5.00pm Traders Hotel, Penang

Preparing for GST - Practical Planning to GST Implementation

17 May 2010 9.00am 5.00pm Traders Hotel, Penang
The postponement in the second reading of the Goods and Services Tax (GST) Bill at the recent Parliament session has caused a lot of uncertainty in the business arena. The private sector has highlighted the need for lead time for potential changes in business processes in the implementation of GST. The impact of GST registration can be extensive to a business. It can impose additional record-keeping requirements and changes to the treatment of the companys products and services. Indirect taxation is also likely to impact cash flow, pricing strategies, business contracts and day-to-day accounting for sales and purchases. Given the impact of GST on business operations, the question now is How can we better prepare for GST implementation? The one-day GST workshop organised by CCH Executive Events will provide guidance on an action plan and practical implementation techniques in responding to GST. The workshop will also provide insight on this new indirect taxs impact on business operations and the special schemes available based on industry guidelines. Join us to gain a comprehensive understanding on GST implementation in Malaysia.

What This Workshop Offers?

n

Analysis on the new GST tax regulations in Malaysia and its requirements Understanding of practical planning issues and how GST passes through the accounting books Expert advice and tips in creating GST action plans and getting your company GST ready Insight on overcoming potential errors and avoiding pitfalls in GST implementation Guidance on minimising possibility of costly penalties by getting your GST returns right Lessons to be learnt on how to manage the transition to GST

Who Should Attend?

n n

Company Directors and Chief Executives Financial Controllers and Finance Managers Tax Consultants Tax Executives and Planners Auditors Accountants Corporate Advisors

n n n n n

COMPLIMENTARY Reference Guide

Each participant will get a copy of CCH GST Toolkit a quick implementation guide to GST in Malaysia

PROGRAMME

Monday, 17 May 2010

Senior Manager Tax Ernst & Young Tax Consultants Sdn Bhd

The GST Framework and Action Plans n Why GST? Rationale for implementing GST n Salient aspects of the proposed GST model in Malaysia Concept of GST Scope of GST Concept of supply Time, place, type and value of supply n Registration for GST and preparations needed GST Implementation Plan n Getting your business ready for GST n Practical issues on GST implementation and the resolutions thereof Accounting for GST and Practical Planning Issues in Transition to GST
n Preparing business and accounting processes to reflect GST accurately n How does GST pass through your books n Tax invoices and adjustments n Preparing and filing GST returns n GST payments

SHANMUGANATHAN GOVINDA KONAL

Shan is the Senior Manager in charge of Indirect Taxes (including GST) and Incentive at the Ernst & Young Tax practice in Penang. Prior to joining Ernst & Young he was with the Royal Customs Department where he served as a Senior Officer in various divisions of the department for more than 13 years. At Ernst & Young, he advises his clients on issues involving import duties, export duties, sales/ service tax procedures and facilities, Free Zones, Licensed Manufacturing Warehouses and the proposed GST. He has also assisted many multinational and local companies on various issues relating to start-up operations like regulatory and licensing requirements/procedures, income tax exemptions/incentives under the Promotion of Investment Act 1986 as well as The Income Tax Act 1967, customs procedures including refund/drawback, customs duties exemption and immigration related matters like obtaining expatriate key/term positions. Shan is a Fellow member of the Chartered Association of Certified Accountants (ACCA) and a member of the Malaysian Institute of Accountants and the Chartered Tax Institute of Malaysia.

Industry Guidelines Special Schemes Available n Agents n Warehousing Schemes n Approved Traders Schemes n Approved Toll Manufacturers Scheme Salient Legal Issues: How to Run the Gauntlet and Survive n Key GST legal issues to watch out for n An overview of GST offences and penalties n Comparative GST / VAT case law n GST disputes and appeals Panel Discussion n Key challenges in preparing for GST in Malaysia and how to overcome them n Practical planning issues and common mistakes made n Where to go from here?

Advocate & Solicitor Shearn Delamore & Co Cynthia was admitted as an Advocate & Solicitor of the High Court of Malaya in 2005 after obtaining an LLB (Hons) degree from the University of Northumbria, Newcastle Upon Tyne in 2003 and the Certificate of Legal Practice in 2004. Cynthia has been a member of Shearn Delamore & Co.s Tax and Revenue Practice Group since 2005. Shearn Delamore & Co. has been recognised as, amongst others, the Malaysia Tax Litigation Firm of the Year for 2007, 2008 and 2009 by the International Tax Review at the annual Asia Tax Awards. Cynthia practices in all aspects of tax and revenue law advisory, structuring, planning, dispute resolution (including advising taxpayers on the settlement of tax cases with the Revenue or in dealings with governmental authorities), litigation, transfer pricing, audit and investigation work. She has appeared as Counsel for taxpayers before the Special Commissioners of Income Tax and the Appellate Courts of Malaysia.

CYNTHIA LIAN

Registration Form
ENQUIRIES Mary Au: 012.418.2616 Fax: 04.899.8069 Email: mau@cch.com.my Website: www.cch.com.my Address: Commerce Clearing House (M) Sdn Bhd Suite 9.3, 9th Floor, Menara Weld, No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia. DELEGATE 1
Salutation Name Job Title Email Special Dietary Requests (if any) Tel Mr Mrs Ms Dr

WORKSHOP DETAILS Preparing for GST Practical Planning to GST Implementation (1210MTE) Date: 17 May 2010 Time: 9.00am - 5.00pm Venue: Traders Hotel, Penang

DELEGATE 2
Salutation Name Job Title Email Special Dietary Requests (if any) Tel Mr Mrs Ms Dr
ly * Te app rms & Conditions

Company Address

Tel Nature of Business Contact Person

Fax Company Size Email

ENROLMENT STATUS
CCH Executive Events Corporate Member CCH Subscriber Non-Subscriber/Non-Member
TERMS & CONDITIONS Registration & Confirmation Registration will only be confirmed upon receipt of completed registration form. A confirmation email will be sent to you from CCH to confirm your registration for the event. Payment Payment must be received prior the event. Please refer to Payment Options for payment details. Cancellation Full payment will be imposed if cancellation is made after 4 May 2010. This also applies to no show on the day of event. In such cases, a complete set of course materials will be sent to you at no additional charge. Notice of cancellation must be made in writing via email/ fax and acknowledged by CCH. Substitution A substitute delegate is allowed at no extra charge if you are unable to attend. Please inform CCH of the replacement in writing at least one week before the event.

Early Bird Fee (RM) (by 28 April 2010)

Regular Fee (RM) (after 28 April 2010)

CCH Executive Events Corporate Member / Subscriber Non-Subscriber / Non-Member

800 900

900 1000

* Fee includes workshop materials, certicate of attendance, refreshments & lunch

PAYMENT OPTIONS
By Cheque ( Bank n Crossed cheque made payable to: Commerce Clearing House (M) Sdn Bhd By Credit Card Cardholders Name Card No. Expiry Date Amount MasterCard Visa Cheque No. )

Programme Changes CCH reserves the right to cancel or make changes to the programme without any notification. HRDF Claims This workshop is HRDF-SBL claimable, subject to the approval of HRDF. Important Notice Pursuant to the provisions of the DIRECT SALES ACT 1993, the registration form herein shall only be used by body corporate. Since Commerce Clearing House (M) Sdn Bhd is unable to accept any individuals who are not body corporate, individual applicants who wish to attend are requested to register themselves at Suite 9.3, 9th Floor, Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia or call us for registration procedure.

I have read the Terms & Conditions and agree to abide by them.

Cardholders Signature

Signature & Company Stamp

Date