GSTDEVELOPER

GST DEVELOPER

PROPERTY DEVELOPER :A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES

SPEAKER | DR CHOONG KWAI FATT

10 FEBRUARY 2015

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserve the right to change event date and venue, with notice being sent vide the email registered above. | *HRDF Claimable : is subject to approval by PSMB . | You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. Copyright (C) 2014 Synergy TAS, Synergy TAS PLT.

| HRDF CLAIMABLE * | 10 CPD |

SYNERGY TAS

GST FOR PROPERTY DEVELOPER 10 FEB 2015 | NEXUS, BANGSAR SOUTH, KL

STAY AHEAD OF THE CROWD

GST is coming for real and near (to be effective on 1.4.2015). The recent Gazette Order of effective date for GST implementation [PU(B) 320/2014] and GST Regulations 2014 [PU(A) 190/2014] has set out the various administration and compliance procedures.

GST impacts on property developer mostly arising from cost of construction, such as cost for contractor, sub-contractor and project management, in view that the GST accountability is on invoice basis. This results in various practical difficulties to property developer, especially where conventionally the basis of income recognition and expenses is on progress billing basis. Furthermore, the impact of practical implementation and complication brought about by the exemption of residential property needs to be taken into account as well.

Various ambiguities in the GST treatment and policy imposed have resulted in the slowing down of recent property market.

This seminar is led by the renowned GST specialist, Dr Choong Kwai Fatt with the objective to provide his insight and suggested approach to overcome the hurdle in GST implementation mechanism, concepts and methodologies especially for property developer.

More importantly, Dr Choong will take an in depth looks into pragmatic business alternatives on the extensive GST contentious issues. It is a must-to-attend workshop and will add value to the business with primary focus on mitigating the various GST risk area such as hefty penalties and the danger of imprisonment. This event is also created to provide answer to tough GST questions.

Participants are invited to submit 2 contentious issues to be incorporated into this tailor made workshop to bring home solutions / alternatives or suggestions to revamp your business practices to be gst compliant.

INTRODUCTION SPEAKER’S PROFILEDR CHOONG KWAI FATT is the pioneer in GST formation and implementation. He is appointed by the Ministry of Finance as one of the panel members to review tax reforms in Malaysia, inclusive of the formulation of GST.

He has conducted and published an extensive research on GST way back since 2006. Dr Choong being an avid researcher, he has also studied GST system from various countries.

He is also widely known for his ability to formulate the “unthinkable” strategies and clearly thought of implementation plan. He is constantly sought by many listed companies as well as high net worth individuals and SMEs for his practical and impressive strategies to GST implementation and of course, his foresight into the potential GST concerns.

He is the expert of experts in terms of GST & tax planning, with his extensive implementation under taken, he has provided advice and personally trained corporate accountants and professional firms on income tax, RPGT and GST implementation. Get ready to take good notes when you attend his GST planning seminars.

Submit TWO contentious issues

B.Acc(Hons)(Malaya),LL.B(Hons)(London), CLP, MCL(IIUM),PhD(IIUM), FCCA(UK), CPA(M), CA(M), ACA(ICAEW), CA(Aust.),CPA(Aust.), CGA(Can), FCCS.

TAX CONSULTANT, ADVOCATE AND SOLICITOR (HIGH COURT OF MALAYA)

DR CHOONG KWAI FATT

WHILE OTHERS DISCOVER THE

PROBLEM YOU DO NOT JUST HAVE THE SOLUTION,

YOU HAVE MULTIPLE

ALTERNATIVE TO THE SAME

PROBLEM.GST FOR

DEVELOPER MULTIPLE

ANSWERS AT YOUR DISPOSAL

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This seminar is created to allow you to obtain GST solutions and bring your comprehension to the next level.

This seminar does not just provide the conventional knowledge on GST. It goes into greater depth of identifying the challenges faced together with well thought of solutions to the tough questions encountered in the GST implemention in property developr.

In addition, it works as a health check prior to proceed with next phase of your GST implementation or your upcoming property development.

With the various checklist and practical pre-prepared solution it will shorten your time spend and enhance efficiency. Also mitigating GST compliance risk.

TWO BURNING QUESTIONS

Participants are invited to submit 2 contentious

issues to be incorporated into this tailor made

seminar to bring home solutions, alternatives or

suggestions to revamp and improvement to exisiting

GST approach.

Do submit your questions by 10 working days before

seminar date for it to be incorporated into the seminar.

THIS IS A PROBLEM-AND-SOLUTIONS BASED SEMINAR

THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING:

architect’s certification or non-architect’s certification

Tax point on issuing tax invoice based on progress billing under scenario of:

GST iSSUE 1 | Tax Point

Correct concepts and methodologies progress billing method under GST regime

GST iSSUE 2 | Progress Billing

Bad debts dilemmas – “to claim or not to claim” GST refund

GST iSSUE 3 | Bad Debt

= Hot topic

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Export services and import services

GST iSSUE 7 | Services

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Construction in Labuan, Tioman and Langkawi – any GST advantages ?

GST iSSUE 8 | Designated Area

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GST planning and cash flow management on construction

GST iSSUE 9 | GST Management

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Relook into its role in GST implementation

GST iSSUE 5 | Project Managements

Divisional registrationBranch registrationGroup registrationIndividual registration

GST iSSUE 6 | Registration Pitfall

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Challenging GST treatment mechanism on property developers :

GST iSSUE 4 | GST Challenges

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Retention sumDamagesAbandoned projectSettlementsLiquidated ascertain damages (LAD)Warranty defectsFree maintenanceGated and guarded facilitiesSinking fundRectification workCompensationDeposits

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ATTEND THIS IF YOU ARE :

Majority of the attendees for this seminar will consist of :

Financial controllerFinance directorAccountantPurchaserGST task force within the organisationSolicitor involved in sales and purchase of propertyTax consultant, auditorGST consultant serving property developerDirectors and ShareholdersLand OwnersMain Contractor, Sub ContractorConsultants, Architects, Quantity Surveyors

Note : This is applicable even for those who do not have prior knowledge of taxation.

Bogged down by endless discussion on issues, with lack productive solution on GST technical concerns

Frustrated by unproductive meeting and misaligned GST implementation

Who should attend this seminar

You are looking for a seminar which :

You will like this seminar if you are :

Presenting GST SOLUTIONS for Property Developers.

The content above is not exhaustive.

Additional content relevant to GST for property developer will be added based on latest changes and questions submitted by participants.

Question on land: viability of the land swap, property with land owner for completed units in GST era

GST iSSUE 10 | Land

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Rental income : further look into practical GST impact and revised approach

GST iSSUE 11 | Rental Income

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The mechanism of claiming input tax credit. Difficulties and practical constraints for developers

GST iSSUE 12 | Input Credit

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Transitional provision on contracts/agreements entered before and after GST

GST iSSUE 13 | Contractual Question

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Transitional issue for ongoing projects that cut across pre & post GST era for property developer

GST iSSUE 14 | Transitional Issue

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Continuously surprised by the endless issues discovered during GST implementationFear of impact during GST implementation on other taxation in the companyUncertain as to the appropriate interpretation and puzzled as to the correct ground to take

Specialised industrial based seminarsFocus on providing solution to GST issues Latest and most up to date approachInclusive of tax planning strategies for property developer

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This is an industrial-based seminar created to facilitate the GST implementation for property developer. With secret content and solutions shared by Dr Choong Kwai Fatt.

This seminar will only be conducted once, due to the exclusivity of the content and also inclusive of tax planning content, thus it will not be re-run.

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GST FOR PROPERTY DEVELOPER

GST FOR PROPERTY DEVELOPER

GST FOR PROPERTY DEVELOPER

GST FOR PROPERTY DEVELOPER

REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)

9.00 AM

8.30 AM

10.15 AM BREAK (SNACKS PROVIDED)

10.30 AM

12.30 PM LUNCH (MEAL PROVIDED)

1.30 PM

BREAK (SNACKS PROVIDED)3.00 PM

3.15 PM

Q & A Session

End of live event7.00 PM

PROGRAMME TIMELINEThe estimated timeline : GST for Property Developer

Note : Speaker is committed to high quality of presentation. The above schedule is for reference only. The schedule may be altered without prior notice.

VENUE NEXUS, BANGSAR SOUTH, KL

The latest new location for coporate event is in Bangsar South, Kuala Lumpur. It is located in close proximity to Mid Valley City.

Cater to daily expediencies, including the time demands of city dwellers and traffic congestion, by being conveniently located in Bangsar South coupled with ample parking spaces.

GST iSSUE 11 | Rental Income

GST iSSUE 12 | Input Credit

GST iSSUE 13 | Contractual Question

GST iSSUE 14 | Transitional Issue

Additional Content : - concern submitted by participants will be addressed in this time slot- Latest issues identified by the speaker- Latest Kastam’s updates by the speaker

GST iSSUE 7 | Services

GST iSSUE 8 | Designated Area

GST iSSUE 9 | GST Management

GST iSSUE 10 | Land

GST iSSUE 5 | Project Managements

GST iSSUE 6 | Registration pitfall

GST iSSUE 1 | Tax Point

GST iSSUE 2 | Progress Billing

GST iSSUE 3 | Bad Debt

GST iSSUE 4 | GST Challenges

Bangsar South CityNo. 7, Jalan Kerinchi59200 Kuala Lumpur

10 FEBRUARY 2015 (TUESDAY)

5.00 PM

PRICING

SYNERGY TASSuite 153, PG-15A, Ground Floor, Jaya 33No. 3, Jalan Semangat, Section 13 46100 Petaling Jaya, Selangor(016) 302 6109; (016) 328 6312 event@synergytas.com

http://www.synergytas.com/gstdeveloper

Register online by using the following link :

Want to attend the seminar at its lowest price ? Register in group of 3 or more participants in one registration to get additional discount.

Enjoy early bird discount if you register and paid

on or before 31 December 2014.

HRDF claimable ** Subject to employer’s application to PSMB. As at time of publication of this brochure HRDF limit the amount claimable per participant to RM1,300 per participant per day.

Choose the right rate for you.

1 - 2 pax 3- 4 pax 5 & more

Register

RM 3,780

By registering three or more participants

on or before 31 Dec 2014

enjoy RM 700 off

With additional RM 100 offfor group registration of 3 - 4

participant.

Here’s how the math works :RM 4,380 - RM 600 Early bird

discount -RM 100 group registration discount

= RM3,680.

* * * * *

By registering one or two participants

on or before 31 Dec 2014

enjoy RM 600 off

Here’s how the math works :RM 4,380 - RM 600 Early bird

discount = RM3,780.

* * * * *

Register

RM 3,680

By registering five or more participants on or before 31 Dec 2014

enjoy RM 800 off

With additional RM 200 offfor group registration of 5 or more

participants.

Here’s how the math works :RM 4,380 - RM 600 Early bird discount

-RM 200 group registration discount = RM3,580.

* * * * *

Register

RM 3,580(NP : RM 4,380) (NP : RM 4,280 ) (NP : RM 4,180)

GROUP REGISTRATION DISCOUNT OF RM100 AND RM200 RESPECTIVELY ARE APPLICABLE FOR GROUP REGISTRATION

IDEAS ARE THE BEGINNING POINTS OF ALL FORTUNES.

GST IDEA IS THE BEGINNING POINTS OF GREAT BUSINESS TAX SAVING AND RISK MANAGEMENT.

Do contact us for any clarification.

PROPERTY DEVELOPER :A COMPLETE AND CRITICAL REVIEW ON GST IMPLEMENTATION ISSUES

REF: 20141203TLL

Participant 1

Email : event@synergytas.com

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Address

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Participant 2

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Particiant 3

Name (Mr / Mrs / Ms)

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Participant 4

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Participant 5

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Email Please make payment to :"SYNERGY TAS" ( Maybank : 5141 7863 3603 ) either through bank transfer or bank in cheque.

Simple way to register

Just scan this form and email to register for seat/s. Thereafter upon payment, please scan and email the deposit slip to event@synergytas.com .

Most important GST tax planning event for developer.

Live Event

Date 10 FEBURARY 2015

Time9.00 AM to 7.00 PM

10 CPD

LocationCONNEXION @ NEXUS, BANGSAR SOUTH,KUALA LUMPUR

1 - 2 Participant(s)

3 - 4 Participants

5 or More Participants

Fee based on number of registered participant.

Tick to indicate your category of fee.

RM3,780 per person [NP: RM 4,380](Enjoy early bird discount of RM 600 off)

RM 3,580 per participant [NP: RM 4,180](Enjoy early bird discount of RM 600 off and RM 200 for group registation)

RM 3,680 per participant [NP: RM 4,320](Enjoy early bird discount of RM 600 off and RM 100 for group registation)

* Price quted is valid unti 31 December 2014

http://www.synergytas.com/gstdeveloper

Register online by using the following link :

Terms and Conditions | Cancellation Policy: No refund will be made after payment is made. If the registered participant is unable to attend, a substitute delegate is allowed at no extra charge. However, should there be a request to change the name printed on the certificate of attendance to that other than that shown on the registration form, RM 100 extra will be charged as reprinting service charge. The organiser reserves the right to refuse service. The organiser reserve the right to change event date and venue, with notice being sent vide the email registered above. | HRDF Claimable : is subject to approval by HRDF. | You may not, without our prior written permission, frame or inline link any of the content of this brochure, or incorporate it into another website or other service any of our material, content or intellectual property. (c) Synergy TAS 2014, Synergy TAS PLT 2014