GST on Specific Topics• Zero-rating of certain services• Reimbursements/Disbursements• Fringe benefits to employees• Input tax claims

12 January 2016

Armada Hotel,Petaling Jaya

RM

GLOBALACC Tel: 03-7880 3028 (Johnny)Fax: 03-7880 3009019-650 3032 (Mr. Goh) / 012-311 0181 (Johnny)Email: globalaccrt@gmail.comWebsite: www.globalacc.com

Globalacc Research & Training Sdn Bhd (755452-D)J-1-19 Jalan PJU 1/43, Aman Suria Damansara, 47301 Petaling Jaya, Selangor

Bank details: PBB 313 968 4822

GST on Specific Topics• Zero-rating of certain services• Reimbursements/Disbursements• Fringe benefits to employees• Input tax claims

12 Jan 2016 (Tuesday)Armada Hotel, Petaling Jaya

www.globalacc.com

(Globalacc is a registered training provider with HRDF. MyCo ID No: 755452-D)

# Early bird rate apply to registration received 10 day before event date or earlier• 5% discount for same organization registering for more than 3 seats in total• Seminar fee includes seminar hand-outs, lunches and fours refreshments

#

Members of Strategic Partners

GlobalAcc Corporate Members

Non Members

SEMINAR FEE (GST INCLUSIVE)

GSTSeminar

RM805.60 RM710.20

RM837.40 RM742.00

RM879.80 RM784.40

• Full payment is required to guarantee entry to the seminar room. You can bank in & fax bank in slip to us. Cheque is to be payable to ‘Globalacc Research & Training Sdn Bhd’• Cancellation is not allowed but replacement is welcome with prior notice• Organiser reserves the right to amend or cancel the events• Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies• Video and sound recording is not allowed during the seminar• Application to HRDF for claims is subject to approval by the relevant authority

Strategic Partners:

8CPE

HOURS

WHO SHOULD ATTEND• Accountants and accounting & finance personnels • Tax agents and taxation staffs

• Auditors and auditing staffs • Company administrators • Business owners and managers

GST on Specific Topics• Zero-rating of certain services • Fringe benefits to employees • Reimbursements/Disbursements • Input tax claims

Goh Kean Hoe is an approved company auditor and a licensed tax agent with past and present clients that include PLCs, MNCs, SMEs, and entrepreneurs. Previously an audit manager with a Big Four Accounting Firm and a company financial controller, he has wide exposure in many fields over the past 20 years including the property sector and international assignments. His biggest strength is his technical knowledge and analytical skill. He has published articles on deferred taxation and property development accounting in the national journal and newspapers.

Kean Hoe holds a Bachelor of Accounting from the University of Malaya. He is a member of MIA, MICPA and CTIM and was involved in working groups and task forces of both MIA and MICPA. He was the Honorary Treasurer of Malaysia Economic Association (MEA) and a trustee for its foundation for 6 years. He has conducted numerous seminars and workshops on financial and accounting related subjects.

In preparing for GST implementation in Malaysia, Kean Hoe has been working closely with GST Academy Singapore since 2010 to develop GST training programmes for Malaysia and to provide GST consulting services. He has successfully completed the 10 day course conducted by the Royal Customs of Malaysia for GST consultants and agents and is an approved GST tax agent licensed by MOF. He was involved in a number of GST implementation projects in 2014/2015 and is currently a GST consultant to a few companies.

PANEL OF SPEAKERSChai Yee Hoi, a founder of a GST Academy in Singapore, has more than 20 years of GST experience having worked with an international accounting firm in Singapore for 5 years as well as the Inland Revenue authority of Singapore [“IRAS”] for 8 years. He has been heavily involved in complex GST related issues and project management of large scale GST assignments such as GST reviews, advisory and research work on the GST treatment of business transactions. During his tenure at IRAS, Yee Hoi worked exclusively on the implementation of GST in Singapore. He was involved in developing papers and presentations on both general awareness issues and specific issues for various industries. He provided insights on the effects of the introduction of GST on business and the commercial issues which arise.

Yee Hoi is a regular speaker at GST seminars and workshops in Singapore and Malaysia. He is a fellow of the Association of Chartered Certified Accountants and the Institute of Public Accountants, Australia. He is also a non-practicing member of the Institute of Singapore Chartered Accountants and an Accredited GST Advisor of the Singapore Institute of Accredited Tax Professionals.

GOHKEAN HOE

CHAIYEE HOI

Course OutlinePart 1: Zero-rating of certain international services• What type of general services relating to persons, land and goods outside of Malaysia may be zero-rated?• What are the conditions to be met?• Examining the concept of ‘belonging’, ‘directly benefit’ and ‘directly in connection with’• When Exempt Supply meets Zero-rating Rule : What is the treatment?• Documentation to support zero-rating treatment

Part 2: Fringe benefits to employees• What are considered fringe benefits and who are excluded?• What input tax can be claimed and what cannot?• What type of benefits are deemed supply and GST need to be accounted for and what are excluded?

Part 3: Reimbursements and Disbursements• Principal vs Agent• How to differentiate Reimbursements from Disbursements?• What is the GST treatment on Reimbursements and Disbursements?• Are all Reimbursements subject to GST?• Input tax rules for Reimbursement and Disbursement• Review of DG Decisions and various examples of different treatment

Part 4: Input tax claims• Definition and conditions for claiming input tax credit - A review• Input tax that cannot or may not be claimed : • Non business expenses • Blocked input tax • Documentation for claiming of input tax credits - Invalid tax invoices or import documents (including those not in company’s name)• Application of the De Minimis Rule• Input tax for relief supplies and certain exempt supplies• Timing of claiming input tax – 6 months and 6 years rules• Pre-registration input tax

INTRODUCTIONAs a GST registered person, your responsibilities, inter-alia, include :• Charging and accounting for GST• Issuing proper tax invoices; and• Filing of GST Return and payment of GST on a timely basisThe businesses can claim input tax subject to satisfying the conditions as laid down by the Customs.This seminar focus on 4 areas that common mistakes are made due to lack of clarity of rules as well as the lack of GST knowledge of the businesses.Zero-rating of certain international services : The concept of ‘belonging’, ‘ directly in connection with’ and ‘directly benefitting’ are somewhat intuitive resulting in uncertainty of application in real life situation.Reimbursements And Disbursements : No comprehensive guide has been issued by the Customs, leading to many uncertainties in the application. Is it true that all reimbursements are subject to GST?Employee benefits : Many questions still arise on what input tax can be claimed and what output tax to be charged or if it is a ‘deemed supply’.Input tax claims : Such claims are not automatic but subject to conditions. Any over claim of input tax will likely attract penalties. It is thus important to know what can be claimed and cannot be claimed.In this seminar, the speaker will explain the laws and principles behind and the treatment in different scenarios based on Customs’ guide and practice of other country (where there is no clear guide by the Authority). Participants can expect to have better knowledge and information to manage their GST compliance and planning to avoid potentially costly mistakes in the GST Return.

DAILY AGENDA 8.15 am - Welcome and registration 2.00 pm - Course continues 9.00 am - Course commences 3.30 pm - Afternoon break 10.30 am - Morning break 3.45 pm - Course continues 10.45 am - Course continues 5.00 pm - Course ends 1.00 pm - Lunch