SST updates, issues and health check for audit preparation - Workshop 2020

For REP’s, Member staff and Group (3+) registrations, complete & email registration form to cpd.malaysia@cpaaustralia.com.au

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 Presenter (s):

Mr Tan Kok Tee

Sales and Service Tax (SST) since implementation w.e.f. 1/9/2018, has undergone various updates in the 2019. SST Acts has also gone into major changes to be ready for implementation w.e.f. 2020 for a more holistic indirect tax system. Requirements like Recipient Self Accounting for imported services for businesses calls for all businesses to be fully aware of, as it also affects non SST registered person. Other things that happen in the Service Tax mechanism are like (1) exemptions for certain businesses to avoid double taxation effects, (2) Introduction of new services, (3) Clarification of Management Services, and (4) amendments including the SST return forms and invoice contents. On the Sales Tax front, there is also the bringing back of the Credit System (formally under CJ(P)3 in the old Sales Tax Act) and the introduction of revised procedures in the application for sales tax exemption under Schedule C item 3.

Key topics covered:

• Updates and insights of up-to-2020 since implementation as at today
• Implementation mechanism and its common associated issues to avoid and overcome
• Health check for audit preparation

• To be up-to-date with all Legislation and RMCD policies changes to ensure compliance
• Beware of common pitfalls / issues to avoid from RMCD’s SST audit findings
• To be able to do your SST implementation health check in preparation for Audit
• Understand the various SST Exemptions / Benefits facilities availability.

 All our workshops are available via in-house training.

CEO, COO, CFOs, Financial Controllers and Finance Managers, Accountants, Accounts Executives, Accounts Assistants, Business Advisors, Auditors and Internal Audit Staff, Freelance Accounting Professionals, Procurement/Purchasing/Sales/Logistics and other functional Managers, Other functional staff engaged in SST implementation matters