6224 2555
Transcription
6224 2555
Fax your reply to WORKSHOP DETAILS 6224 2555 REPLY SLIP Managing GST and Accounting System Risks in Malaysia Yes! Please register me for the workshop. (1314STE) PAYMENT OPTIONS Date : 14 November 2014 Time : 9.00am – 5.00pm Venue: Hotel to be confirmed, Singapore I enclose a cheque made payable to “CCH Asia Pte Limited” Please send me an invoice Please debit my FEE** (includes 7% GST) Visa Early Bird (by 17 October 2014) CCH Executive Events Corporate Member CCH Subscriber/SIATP Member Non-Subscriber S$449.40 S$513.60 S$577.80 Regular Fee CCH Executive Events Corporate Member CCH Subscriber/SIATP Member Non-Subscriber S$513.60 S$577.80 S$642.00 ** Fee includes workshop materials, certificate of attendance and refreshments Master Card Expiry Date Card Number Cardholder’s Name Cardholder’s Signature DELEGATE’S DETAILS Company Delegate 1 (Mr/Ms) In-house corporate training programme is also available! For more details, please email [email protected] Managing GST and Accounting System Risks in Malaysia Job Title Email REGISTRATION INFORMATION Sales Hotline Fax Hotline Email Website Address Delegate 2 (Mr/Ms) 6211 3935 / 6211 3939 6224 2555 [email protected] www.cch.com.sg 8 Chang Charn Road #03-00 Link (THM) Building Singapore 159637 Job Title Email 14 November 2014 9.00am – 5.00pm Address Registration and Confirmation Reservations may be made by telephone/telefax/email. A confirmation email/letter will be sent to you from CCH Asia Pte Limited to confirm your participation in the event. Payment Once your participation is confirmed, you will be required to make payment for the event. Payments can be made by credit card or by cheque. By Credit Card: Please fill in your credit card details in the “Payment Options” section of the registration form to authorise the debit from your credit card. By Cheque: All cheques should be crossed, marked A/C payee only and made payable to “CCH Asia Pte Limited” with the title of the programme(s) indicated clearly on the back of the cheques. Substitution Policy A substitute delegate is welcomed at any time and at no extra charge if you are unable to attend. Notice of replacement must be made in writing via email or fax to CCH Asia Pte Limited at least one (1) week before the event. Cancellation Full payment will be imposed if cancellation is made after 7 November 2014. This also applies to no show on the day of event. In such cases, a complete set of the course materials will be sent to you at no additional charge. Programme Changes CCH reserves the right to amend or cancel the events due to unforeseen circumstances. Postal Code Tel Fax Contact Person Email Company size 1-19 300-499 20-49 50-99 more than 500 100-299 Industry CCH Executive Events TAX & ACCOUNTING SERIES Authorised Signature & Company Stamp ENROLMENT STATUS CCH Executive Events Corporate Member CCH Subscriber Non-Subscriber SIATP Member SPONSORSHIP OPPORTUNITIES CCH Asia has designed an attractive range of advertising & sponsorship packages to match your marketing objectives. The packages available offer advertisers and sponsors extensive visibility and ensure direct access to your target market. They are also an excellent platform to promote your organisation to influential players and key decision-makers in the industry. Please call 6211 3935 / 6211 3939 for more details. THE ORGANISER CCH Executive Events is the seminar and conference arm of CCH Asia. We offer opportunities for our delegates to receive business critical information and timely insights and analysis from our expert presenters. Our events also provide a platform for discussion to allow delegates to explore the intricacies of the information presented while interacting and exchanging news and experiences with their peers. Our programmes are conducted by industry practitioners and academics who are able to provide participants a well-balanced blend of theoretical fundamentals and practical applications. Qualifies fo r Productivit y and Innova tion Credit (PIC ) 60% Cash Gran t* Managing GST and Accounting System Risks in Malaysia 14 November 2014 9.00am – 5.00pm Malaysia’s Budget 2014 announced that Goods and Services Tax (GST) will be introduced in Malaysia at the rate of 6% with effect from 1 April 2015. The Goods and Services Tax (GST) Bill 2014 was also passed on 7 April 2014 and the Goods and Services Tax Act 2014 (Act 762) was gazetted by Malaysia government on 19 June 2014. With the implementation of GST in Malaysia, the Accounts and/or Finance Departments with oversight to or who are taking care of the GST compliance for their business operations in Malaysia will need to do more to be GST compliant. Business transactions will need to be correctly captured in a timely manner and based on the time and value of supply. Accounting Systems will also need to be compliant with Custom’s requirements. These requirements are different and more complex than Singapore’s. Wolters Kluwer, CCH presents a workshop that provides a practical examination of how to get GST and Computerised Accounting Systems right in Malaysia to lower the risk of penalty incurred as a result GST errors. Understand the factors to consider when upgrading, updating or modifying your accounting systems in Malaysia to address GST requirements. Discover how certain transactions can be classified systematically in the accounting system. This workshop also provides clarity to key areas of concern such as how to realign business and accounting processes to facilitate timely submission of GST returns. Benefits of Attending n Understand how GST will impact the accounting system of your business in Malaysia n Master critical GST and accounting entries in accordance to Malaysia’s requirements n Manage accounting and complex GST adjustments n Discover how to maintain proper GST documentation including accounting records n Learn how to prepare GST working file for GST Audit Singapore *Subject to conditions stipulated in the PIC scheme. Please refer to IRAS website for more details. Target Audience Understanding GST in Malaysia nOverview of GST in Malaysia nHighlights of the key distinguishing features of GST in Malaysia as compared to Singapore (including special schemes such as Approved Traders Schemes, Approved Toll Manufacturer’s Scheme, Flat Rate Scheme, etc) Critical GST and Accounting Concepts in Malaysia nMFRS and PERS (MPERS from 1 Jan 2016) – financial accounting versus GST accounting, understanding the contentious areas nRestrictions on claims for input tax nGST impact on accounting entries and use of the 24 Customs recommended tax codes nThe importance of getting tax codes right when making accounting entries (a major pitfall of GST inclusive and exclusive entries) nExamples of transactions and accounting entries (GST entries and relevant GST tax codes included) nGenerating GST worksheets from GST accounting systems: – Standard rated, zero-rated and exempt supplies – Other non-taxable supplies – Local taxable purchases and imported taxable purchases – Taxable purchases – GST suspended – Payable and receivables aging report for GST – Debit and credit note summary – Bad debts relief report – Other worksheets to support the entries in GST returns GST-03 nDealing with adjustments to GST – Correction of errors made in GST Returns – Changes due to errors in the description of supply – Adjustments due to apportionment errors and longer period adjustments for apportionment – Adjustment for capital goods (capital assets), and the various types of capital goods adjustments – Adjustment of transitional sales tax claim on supplies spanning GST implementation date nRecommendations on the use of the optimum number GST accounts to reduce GST reporting risks (with illustrations) GST Reporting Requirements in Malaysia nGST analysis report and reconciliation with the financial statements produced under MFRS, PERS and MPERS nGAF (GST Audit File) – contents of this file and how it presents a trail of transactions (transactions tracking) for Customs nAccounting staff training: Important areas of Customs Approved Accounting Software to focus on nGST penalty provisions GST Returns GST-03 nRequirements of GST Returns GST-03 nIdentifying and understanding the 15 critical fields in GST-03 nUnderstanding how and where the data for the various fields are obtained from financial accounting records and how they are captured for GST-03 nAdjustments for Supplies Spanning GST – transitional adjustments in GST-03 nCompletion and submission of GST returns GST-03 Impact on Accounting Systems and Cash Flows nMore complex accounting for GST as a consequence of Customs industry guides nCash flow impact of GST in Malaysia Computer Software – System Changes for GST Compliance nCustoms approved software to ensure GST compliance and the production of GAF (GST Audit File) nComprehensive documentation for GST audits nAdequate audit trails built into in Customs Approved Software to assist Customs auditors in understanding the flow of events and to reconstruct the events, if necessary Anyone who has business operations or dealings in Malaysia. n CEOs/CFOs n General Managers n Entrepreneurs n Finance Managers n Finance Directors/Managers n Accountants and Accounting Staff J. Selvarajah Senior Partner ACA; CA (NZ); CPA(Aust); CA(M); ACTIM; FIPA(Aust); B.Com (Acc). J. Selvarajah is a senior partner of a well-established professional practice in Kuala Lumpur which is a member of an international network of accounting and consulting firms with more than 300 partners and professional staff. He has 43 years of work experience in public practice particularly in the areas of financial reporting for public and private entities, corporate governance and risk assessment, audits, company secretarial practice and fraud prevention. He has assisted several Malaysian and international companies and other organisations operating in Malaysia and Singapore on Corporate Governance and Financial Reporting requirements under Malaysian and International corporate and financial reporting frameworks. He is also an internal auditor for several public listed companies in Bursa Malaysia. He has performed several investigative audits on accounting malpractices, embezzlement and money laundering. J. Selvarajah delivers regular public seminars and training on all IFRS, Financial Instruments, Corporate Tax Planning and Corporate Taxation including the soon-tobe introduced GST, as well as on Fraud Detection and Prevention. He is a member of the ICAEW, the New Zealand Institute of Chartered Accountants, CPA(Aust), MIA, and a member of the CTIM. He is also a PSMB Certified Trainer.