24 August 2015 (Monday),

24 August 2015 (Monday), [email protected], Kuala Lumpur Navigating The Road Ahead SUPPORTED BY: The landmark Goods and Services Tax (GST) regime has be...

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GST

Conference 2015

Navigating The Road Ahead 24 August 2015 (Monday), [email protected], Kuala Lumpur The landmark Goods and Services Tax (GST) regime has been rolled out across Malaysia as of 1 April 2015. Businesses are now grappling with the impact of GST across their sales, operations and systems. After the implementation, businesses face numerous unexpected issues, especially with regards to GST-related accounting, taxation and compliance processes. To properly manage postimplementation impacts, it is recommended that businesses review and adjust

their operations consistently, while ensuring that their processes and procedures are in compliance with GST regulations. At the same time, businesses must remain vigilant against possible violations of the Price Control Anti-Profiteering Act 2011 (PCAP). Following the success of last year’s inaugural GST conference, the 1-day MIA GST Conference 2015 will endeavour to deliver pragmatic solutions to your post-implementation concerns.

Join us for invaluable updates and analysis into practical GST issues and discover how to better manage these challenges to enhance regulatory compliance and business performance. WHO SHOULD ATTEND • • • • • • •

Accountants/ GST Compliance Officers Chief Operating Officers e-Business Managers Financial Controllers Heads of Resource Management/ Procurement Human Capital Officers Government Officers

GST

Conference 2015

Navigating The Road Ahead

COURSE OUTLINE 8.00am

Registration

1.00pm

Lunch

9.00am

Welcome Address by President of MIA

2.15pm

Session 4: GST – Proof Your Business Contracts

9.10am

Session 1: GST Post Implementation Report Card – A Quick Run Through

Could your business be vulnerable to GST contractual risks? Businesses in sectors such as finance, property, construction and telecommunications that rely heavily on contracts must ensure that these incorporate appropriate GST clauses to protect revenues and margins against erosion. Companies making taxable supplies at the standard rate could suffer declining profits if forced to account for GST out of revenue streams.

We are finally on the other side of the Goods and Services Tax (GST) discourse post-1st April but the journey to-date hasn’t been smooth. Where do we stand now? What milestones have we achieved? Speaker: Dato’ Subromaniam Tholasy, Deputy Director General of Customs (Customs/GST) 10.10am

Morning Refreshments

10.40am

Session 2: Price Control and Anti Profiteering Act Revamped – What Does This Mean for Businesses? The Regulations to the Price Control Anti-Profiteering Act 2011 were passed in an effort to alleviate concerns among consumers that local traders and suppliers should not make unreasonable profits with the introduction of the Goods and Services Tax. Action was considered to be necessary to prevent business from taking advantage of consumers, but this comes at a significant compliance burden to business. Understand the impact of the Regulations, and how they will be enforced to prevent ‘profiteering’.

Key issues to consider include managing the impact of GST on existing long-term contracts and pencilling in relevant GST clauses for new and future contracts. In this invaluable session, learn how to identify and manage key GST contractual issues and risks, and incorporate GST clauses in contracts to GST-proof your business. Speaker: Vijey M Krishnan, Partner, Raja Darryl & Loh 3.00pm

Where does Malaysia go from here post-1st April 2015? How can we ensure that GST is seamlessly integrated into the government, business and consumer landscape with minimal impacts and optimum benefit? Going forward, it will be vital to monitor existing GST law and regulations to ensure Malaysia’s alignment and compliance with international GST/ VAT guidelines and standards, which can help sustain our global competitiveness. It is also recommended that Malaysia closely integrate the institutions of GST with income tax to achieve greater efficiency. This session seeks to explain Malaysia’s future direction on its journey to achieve favourable GST outcomes.

Chair: Oliver Christopher Gomez, Editor, Malaysia SME ® Speaker: Bruce Hamilton, Tax Director, Deloitte Malaysia 11.25am

Session 3: Impact on Industries – A Dialogue on Post-Implementation Complexities GST implementation has had varying impacts on business, with some sectors such as retail and telecommunications perhaps being more highly affected. Regardless of sector, many companies continue to remain in the dark over the salient points of the new tax regime in which we live and operate. To mitigate GST issues and provide optimal solutions, the government is continuing to fine-tune the many regulations and rules impacting business. This critical dialogue intends to thrash out the various postimplementation issues affecting key industries and provide optimal advice and recommendation on the best course forward. Moderator: Dato’ Chua Tia Guan, Member, Special Task Force, PEMUDAH Panellists: Matthew Tee, President, Master Builders Association Malaysia Other representatives from various industries

Session 5: GST – The Future Outlook

Moderator: Dr Veerinderjeet Singh, Council Member/Chair, Tax Committee, MIA Panellists: Koh Soo How, Tax Partner, Accredited Tax Advisor (GST), PWC Singapore Bruce Hamilton, Tax Director, Deloitte Malaysia Suhaimi Iliais, Chief Economist, Maybank Kim Eng Tan Sim Kiat, Deputy Director of Customs 4.30pm

Coffee/ Tea Break

5.00pm

End of Conference

FACILITATORS YBHG. DATO' SUBROMANIAM THOLASY YBhg. Dato’ Subromaniam Tholasy was recently promoted to Deputy Director General of Customs (Customs & GST). He was previously the Director of GST at the Royal Malaysian Customs Head Quarters, Putrajaya. He has been with the Royal Malaysian Customs for nearly 30 years and has served in various divisions. He has presented numerous papers at various seminars and forums throughout Malaysia and abroad, and frequently speaks to the media on GST matters. He possesses a unique ability to explain both the policy issues and the technical and operational issues to audience from differing backgrounds and knowledge. Dato’ Subromaniam holds a B.Sc. Hons degree in Science from Universiti Kebangsaan Malaysia and an MBA from the United States. He also holds a certificate in Strategic Leadership from University of Oxford, United Kingdom. BRUCE HAMILTON Bruce has over 26 years of work experience in indirect tax. He has carried out the implementation of Value Added Tax (VAT) in a variety of different countries working specifically with the introduction of VAT in South Africa, the GST in New Zealand, and taking a primary role in the implementation of GST in Australia, while assisting with issues relating to the introduction of GST in Singapore, Fiji, and PNG. He is currently based in Kuala Lumpur assisting with the implementation of GST in Malaysia and in so doing, brings with him a wealth of practical experience in the intricacies of the implementation process as well as the post implementation bedding down of GST. DATO’ CHUA TIA GUAN Dato’ Chua is the Head of Tax & Financial Consulting at Great Vision Advisory Group. He is the Founding Member of PEMUDAH, the Special Taskforce to Facilitate Business at the Prime Minister’s Department and cochaired PEMUDAH’s Focus Group on Paying Taxes with the Deputy Secretary General of the Ministry of Finance. Dato’ Chua is a Board Member of the Secretariat for the Advancement of Malaysian Entrepreneurs (SAME) and a member of MAMPU, the Steering Committee for SME High Impact Programme at the Prime Minister’s Department. He is also a Member of the GST Monitoring Working Committee with the Ministry of Finance and a member of the GST Technical Committee with the Customs Department. MATTHEW TEE KAI WOON Matthew is the Group Executive Director of Bina Puri Holdings Bhd. His main task is to ensure that the decisions made are implemented accordingly together with corrective, preventive and improvement measurements. He is also the Executive Director of KL-Kuala Selangor Expressway Bhd and is actively involved in the planning, construction and overseeing of the management of the 33km highway concession in Greater Kuala Lumpur. At present, he sits in the Board of Directors of Construction Industry Development Board Malaysia (CIDB) and Construction Labour Exchange Centre Berhad (CLAB). Matthew is also the current President of the Master Builders Association of Malaysia, the Honorary Treasurer General of Malaysian Steel Structural Association (MSSA) and the 2nd Vice President of the International Federation of Asian and Western Pacific Contractors’ Association (IFAWPCA). He is a Chartered Accountant, a member of MIA, a Certified Financial Planner and a Certified Practising Accountant for CPA Australia.

VIJEY R. MOHANA KRISHNAN Vijey is an Associate of the Chartered Tax Institute of Malaysia and is the Deputy Chairman of the GST and Tax Sub-Committee of the Malaysian Bar. He has appeared before the Special Commissioners of Income Tax, the High Court and the Court of Appeal on major points on tax law. Vijey has consistently been recommended in the area of Tax in publications such as The Asia Pacific Legal 500, the Tax Directors Handbook and Chambers Asia Pacific. He is listed as a Leading Individual in the area of Tax in the Chambers Asia Pacific and as a Leading Lawyer in Asialaw Profiles. He is also a Member of the Tax Committee of the American Malaysian Chamber of Commerce and the Chartered Tax Institute of Malaysia Technical Committee – Indirect Taxation & Transfer Pricing. DR VEERINDERJEET SINGH Dr Veerinderjeet is the Founder and Chairman of TAXAND Malaysia, which is a member of the TAXAND Organisation of independent tax fi rms worldwide. He currently chairs the MIA’s Tax Practice Committee and MICPA’s Examination Committee. He is also the Chairman of IFA’s Malaysia Branch and a Trustee of the Malaysian Tax Research Foundation. He is currently Council member of the MIA and the MICPA and has had over 30 years of tax experience in Government, academia and the private sector. He has contributed extensively in various dialogues/meetings at the IRB, Customs and the Ministry of Finance over the years towards improving the Malaysian tax system. He has spoken widely at local and international tax and accounting seminars/conferences and is also an author of various tax publications. Internationally, he is a member of the Board of Trustees of IBFD based in Amsterdam as well as a member of the Commission on Taxation of the International Chamber of Commerce (ICC) based in Paris. He is also the current Vice Chair of ICC Malaysia, a member of the Council of MICCI and an Independent Director on the Board of The Bank of Nova Scotia Bhd. KOH SOO HOW Soo How is a Tax Partner with PwC Services LLP, Singapore, where he specialises in GST and leads the PwC Indirect Taxes network in Asia Pacific. He has been named as one of the world’s leading indirect tax advisers by the International Tax Review since 2011. He has also been appointed by the Minister of Finance to be a member of the GST Board of Review, which is an administrative tribunal established to adjudicate disputes between taxable persons and the Comptroller of GST. At PwC, Soo How has wide GST advisory experience in the areas of business restructuring, supply chain transformation, cross-border transactions, processes review and controls, and dispute resolution matters arising from audits conducted by the Inland Revenue Authority of Singapore (IRAS). He has also been involved in a number of client projects on the implementation of GST in Malaysia. He is a regular panellist and speaker on indirect tax matters and has contributed widely to media and international publications.

GST Conference 2015

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- Navigating The Road Ahead

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24 August 2015 (Monday), [email protected], Kuala Lumpur

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PROGRAMME FEE • Fee is payable to MALAYSIAN INSTITUTE OF ACCOUNTANTS • Fee includes course materials, lunch and 2 tea breaks per day. • Full payment of the above amount shall be made within thirty (30) days from the date of the Payment Advice or on the day of the event, whichever earlier. • Admittance may be denied upon failure to make full payment as per the above requirement. CANCELLATION/ TRANSFER Upon registering, participant(s) are considered successfully enrolled in the event. Should participant(s) decide to cancel/ transfer their enrolment, a cancellation/ transfer policy shall be applied as follows. a) Written cancellation/ transfer received less than seven (7) days from the date of the event: - A refund (less administrative charge of 20%) will be made - Unpaid registrations will also be liable for 20% administrative charges b) Written cancellation/ no show on the day of the programme: - No refund will be entertained - Unpaid registrations will also be liable for full payment of the registration fee - Partial cancellation is not allowed You can substitute an alternate participant if you wish to avoid cancellation/ transfer charges. Any difference in fees will be charged accordingly.

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*Please select the participant classification carefully as it determines the fee payable. No alteration will be allowed after the registration is accepted. Terms and conditions apply. 1 The Sponsored Staff must report directly to the sponsoring MIA member in his/ her firm or company. CERTIFICATE OF ATTENDANCE AND CPE HOURS • Upon full attendance of the programme, participants will be issued an “E-certificate”. Participants will receive an email with a download link and are required to download the e-certificate within 30 days. For this purpose, it is COMPULSORY to fill in the email address clearly. • For MIA members, the CPE hours will be credited into the Membership System within 2 weeks of the event. DATA PROTECTION Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709). DISCLAIMER Malaysian Institute of Accountants (MIA) reserves the right to change the speaker(s), date(s) and to cancel the programme should circumstances beyond its control arises. MIA also reserves the right to make alternative arrangements without prior notice should it be necessary to do so. Upon signing the registration form, you are deemed to have read and accepted the terms and conditions.