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Sales & Service Tax: Principles, Concepts and Compliance

Expert Speaker P Nadaraja

MYR850.00 (No SST)

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Overview

The Sales Tax Bill 2018 and the Service Tax Bill 2018 has been passed in the Dewan Rakyat. The Royal Malaysian Customs Department (RMCD) is expected to automatically register around 70,000-80,000 businesses who have been registered under the GST system.

In light of SST 2.0, this one-day programme will provide you with the technical know-how for the implementation of the Sales & Service Tax before its commencement on 1st September 2018. Ensure your compliance with the new indirect tax regime in Malaysia.

What You Will Learn

At the end of the workshop, you will walk away with an understanding of:

  • The basic concepts under SST
  • The different type of exemptions, facilities and reliefs granted under SST
  • SST procedures, documentation & compliance issues
  • How SST will affect businesses presently licensed under GST
  • The basic requirements under Sales and Service Bill 2018

Who Should Attend

This workshop is suitable for:

  • CFO’s and Financial Controllers
  • Finance Directors/Managers
  • Accounts Managers/Executives/Accountants
  • Tax Managers/Professionals
  • Business Consultants

Programme Outline

Goods & Service Tax
1. Key transitional issues related to the transition from GST to SST
2. Goods And Services (Repeal) Bill 2018

Proposed Sales Tax In 2018
1. Proposed 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 Sales 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
  • Sales Tax (Appointment of Date of Coming Into Operation) Order 2018
2. The concept of Sales Tax
  • The concept of Single Stage Taxation
  • Definition of Manufacture under Sales Tax Act
  • Sales Tax Registration / Calculating of Threshold
  • Taxable Person
  • Sales Tax Exemption from Registration
  • Imposition and Scope of Sales Tax
  • Sales Tax (Rate of Tax) Order 2018
  • Determination of Sales Value
3. Registration under Sales Tax Act
  • Liability to be registered
  • Voluntary Registration
  • Single Taxable Person
  • Cancellation from Registration
  • Exemption from Registration
4. Accounting for Sales Tax
  • Issuance of Invoices/Record Keeping
  • Accounting Basis
  • Taxable Period
  • Treatment of Credit / Notes
  • Bad Debt Claims
  • Submission of Sales Tax Returns (SST-01)
  • Power to Assess
5. Exemptions / Facilities under Proposed Sales Tax
  • Sales Tax (Persons Exempted from Sales Tax) Order 2018
    • Jadual A – class of persons exempted from sales tax
    • Jadual B – exemptions for manufacturers of non-taxable goods
    • Jadual C – exemptions for registered manufacturers (replacing CJ5, CJ5A & CJ5B)
  • Sales Tax (Goods Exempted from Sales Tax) Order 2018
  • Sales Tax (Exemption from Registration) Order 2018
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
7. Miscellaneous
  • Power of Minister to exempt and refund
  • Refund of sales tax short paid or erroneously paid
  • The drawback of sales tax
  • Remission of sales tax
Proposed Service Tax In 2018
1. Legislations
  • Service Tax Act 2018
  • Service Tax Regulations 2018
  • Service Tax (Customs Ruling) Regulations 2018
  • Service Tax (Compounding of Offences) Regulations 2018
  • Service Tax (Amount Of Value of Taxable Service) Order 2018
  • Service Tax (Rate Of Tax) Order 2018
  • Service Tax (Appointment of Date of Coming Into Operation) Order 2018
2. The concept of Service Tax
  • Taxable Services
  • Taxable Persons
  • Imposition and Scope of Service Tax
3. Registration under Service Tax
  • Liability to be registered
  • Calculation of threshold
  • Application for registration
  • Direction to treat persons as a single taxable person
  • Registration of branches
  • Cancellation of registration
4. Accounting for Service Tax
  • Issuance of Invoices/Record Keeping
  • Credit Notes/Debit Notes
  • Accounting Basis
  • Taxable Period
  • Treatment of Bad Debts
  • Treatment of Import/Export Services
  • Service Tax Returns/Payment
  • Contra System
  • Power to Assess
5. Exemptions & Refunds
  • Power of Minister to exempt and refund
  • Claim for refund of tax overpaid & erroneously paid
  • Deductions from returns
  • Remission of service tax
6. Service Tax Special Provisions
  • Designated Areas of Labuan, Langkawi and Tioman
  • Special Areas of Free Zones, Licensed Warehouse and LMW

Customs Ruling
Determination

  • Taxable persons under the Sales Tax Act
  • Taxable services under the Service Tax Act

Review And Appeal Procedures Under Sales & Service Tax 

Expert Speaker

P. Nadaraja was formerly with the Royal Malaysia Customs (1981-1997) as a Senior Officer of Customs and his key areas of focus include customs administration, import and export procedures, classification, valuation, licensing and compliance matters. He possesses an in-depth knowledge of various customs legislations including the Customs Act, Sales Tax Act, Service Tax Act, Excise Act, GST Act and other subsidiary legislations.

He is now involved in legal practice and at the same, 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 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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