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SYNERGY TAS
GST
D E V E LO P E R
10 FEBRUARY 2015
PROPERTY DEVELOPER :
A COMPLETE AND CRITICAL REVIEW ON GST
IMPLEMENTATION ISSUES
SPEAKER | DR CHOONG KWAI FATT | HRDF CLAIMABLE * | 10 CPD |
GST DEVELOPER
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.
10 FEB 2015 | NEXUS, BANGSAR SOUTH, KL
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
“
GST FOR PROPERTY DEVELOPER
“
STAY AHEAD OF THE CROWD
INTRODUCTION
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.
Submit TWO contentious issues
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.
SPEAKER’S PROFILE
DR 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.
DR CHOONG KWAI FATT
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)
THE COURSE CONTENT INCLUDES BUT NOT LIMITED TO THE FOLLOWING:
GST iSSUE 1 | Tax Point
GST iSSUE 5 | Project Managements
+ Tax point on issuing tax invoice based
+ Relook into its role in GST
on progress billing under scenario of:
+ architect’s certification or
+ non-architect’s certification
THIS IS A PROBLEM-AND-SOLUTIONS
BASED SEMINAR
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.
GST iSSUE 2 | Progress Billing
+ Correct concepts and methodologies
progress billing method under GST
regime
implementation
GST iSSUE 6 | Registration Pitfall
+
+
+
+
Divisional registration
Branch registration
Group registration
Individual registration
GST iSSUE 7 | Services
GST iSSUE 3 | Bad Debt
+ Bad debts dilemmas – “to claim or not
to claim” GST refund
+ Export services and import services
GST iSSUE 8 | Designated Area
GST iSSUE 4 | GST Challenges
+ Challenging GST treatment mechanism
+ Construction in Labuan, Tioman and
Langkawi – any GST advantages ?
on property developers :
+
+
+
+
+
+
+
+
+
+
+
+
Retention sum
Damages
Abandoned project
Settlements
Liquidated ascertain damages (LAD)
Warranty defects
Free maintenance
Gated and guarded facilities
Sinking fund
Rectification work
Compensation
Deposits
GST iSSUE 9 | GST Management
+ GST planning and cash flow
management on construction
= Hot topic
TWO BURNING QUESTIONS
2 contentious
Participants are invited to submit
tailor made
issues to be incorporated into this
alternatives or
seminar to bring home solutions,
ement to exisiting
suggestions to revamp and improv
GST approach.
working days before
Do submit your questions by 10
rated into the seminar.
seminar date for it to be incorpo
ATTEND THIS IF YOU ARE :
GST iSSUE 10 | Land
+ Question on land: viability of the land
swap, property with land owner for
completed units in GST era
GST iSSUE 11 | Rental Income
+ Rental income : further look into practical GST
impact and revised approach
Who should attend this seminar
Majority of the attendees for this
seminar will consist of :
+
+
+
+
+
Financial controller
Finance director
Accountant
Purchaser
GST task force within the organisation
Solicitor involved in sales and
purchase of property
Tax consultant, auditor
GST consultant serving property
developer
Directors and Shareholders
Land Owners
Main Contractor, Sub Contractor
Consultants, Architects, Quantity Surveyors
+
GST iSSUE 12 | Input Credit
+ The mechanism of claiming input tax
credit.
+ Difficulties and practical constraints for
developers
GST iSSUE 13 | Contractual Question
+ Transitional provision on
contracts/agreements entered before
and after GST
GST iSSUE 14 | Transitional Issue
+ Transitional issue for ongoing projects
that cut across pre & post GST era for
property developer
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.
+
+
+
+
+
+
Note : This is applicable even for those
who do not have prior knowledge of taxation.
You will like this seminar if you are :
+
You are looking for a seminar which :
+
+
+
+
Specialised industrial based seminars
Focus on providing solution to GST issues
Latest and most up to date approach
Inclusive of tax planning strategies for property
developer
+ Frustrated by unproductive meeting and misaligned GST implementation
+ Bogged down by endless discussion on issues, with lack productive
solution on GST technical concerns
+ Continuously surprised by the endless issues discovered during
GST implementation
+ Fear of impact during GST implementation on other taxation in
the company
+ Uncertain as to the appropriate interpretation and puzzled as to
the correct ground to take
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.
Presenting GST SOLUTIONS for Property Developers.
PROGRAMME TIMELINE
The estimated timeline : GST for Property Developer
10 FEBRUARY 2015 (TUESDAY)
8.30 AM
REGISTRATION & BREAKFAST (BREAKFAST PROVIDED)
9.00 AM
GST FOR PROPERTY DEVELOPER
1.30 PM
GST iSSUE 11 | Rental Income
GST iSSUE 12 | Input Credit
GST iSSUE 1 | Tax Point
GST iSSUE 13 | Contractual Question
GST iSSUE 2 | Progress Billing
GST iSSUE 14 | Transitional Issue
GST iSSUE 3 | Bad Debt
GST iSSUE 4 | GST Challenges
10.15 AM BREAK (SNACKS PROVIDED)
3.00 PM
BREAK (SNACKS PROVIDED)
3.15 PM
GST FOR PROPERTY DEVELOPER
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
10.30 AM GST FOR PROPERTY DEVELOPER
GST iSSUE 5 | Project Managements
GST iSSUE 6 | Registration pitfall
GST iSSUE 7 | Services
GST iSSUE 8 | Designated Area
GST iSSUE 9 | GST Management
GST iSSUE 10 | Land
12.30 PM
LUNCH (MEAL PROVIDED)
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.
Bangsar South City
No. 7, Jalan Kerinchi
59200 Kuala Lumpur
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 FOR PROPERTY DEVELOPER
5.00 PM
Q & A Session
7.00 PM
End of live event
Note : Speaker is committed to high quality of presentation.
The above schedule is for reference only. The schedule may
be altered without prior notice.
PRICING
Register online by using the following link :
Choose the right rate for you.
http://www.synergytas.com/gstdeveloper
Want to attend the seminar at its lowest price ? Register
in group of 3 or more participants in one registration to
get additional discount.
GROUP REGISTRATION
1 - 2 pax
DISCOUNT OF RM100 AND
RM200 RESPECTIVELY ARE
3- 4 pax
5 & more
APPLICABLE FOR GROUP
REGISTRATION
RM 3,780
RM 3,680
RM 3,580
(NP : RM 4,380)
(NP : RM 4,280 )
(NP : RM 4,180)
Register
Enjoy early bird discount
if you register and paid
on or before
31 December 2014.
Register
By registering one or two
participants
on or before 31 Dec 2014
By registering three or more
participants
on or before 31 Dec 2014
enjoy RM 600 off
enjoy RM 700 off
Here’s how the math works :
RM 4,380 - RM 600 Early bird
discount
= RM3,780.
With additional RM 100 off
for 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.
Register
By registering five or more participants
on or before 31 Dec 2014
enjoy RM 800 off
With additional RM 200 off
for 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.
*****
*****
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.
Do contact us for any clarification.
SYNERGY TAS
Suite 153, PG-15A, Ground Floor, Jaya 33
No. 3, Jalan Semangat, Section 13
46100 Petaling Jaya, Selangor
(016) 302 6109; (016) 328 6312
[email protected]
IDEAS ARE THE BEGINNING POINTS
OF ALL FORTUNES.
GST IDEA IS THE BEGINNING POINTS OF GREAT
BUSINESS TAX SAVING AND RISK MANAGEMENT.
PROPERTY DEVELOPER :
A COMPLETE AND CRITICAL
REVIEW ON GST
IMPLEMENTATION ISSUES
Register online by using the following link :
http://www.synergytas.com/gstdeveloper
Fee based on number of registered participant.
* Price quted is valid unti 31 December 2014
Tick
to indicate your category of fee.
1 - 2 Participant(s)
Most important GST tax planning event for developer.
RM3,780 per person [NP: RM 4,380]
(Enjoy early bird discount of RM 600 off)
Participant 1
3 - 4 Participants
Name (Mr / Mrs / Ms)
RM 3,680 per participant
[NP: RM 4,320]
(Enjoy early bird discount of RM 600 off and RM 100 for group registation)
5 or More Participants
Designation
RM 3,580 per participant [NP: RM 4,180]
(Enjoy early bird discount of RM 600 off and RM 200 for group registation)
Email
Live Event
Participant 2
Name (Mr / Mrs / Ms)
10 CPD
Date
10 FEBURARY 2015
Designation
Time
9.00 AM to 7.00 PM
Email
Location
CONNEXION @ NEXUS,
BANGSAR SOUTH,KUALA
LUMPUR
Particiant 3
Name (Mr / Mrs / Ms)
Simple way to register
Email : [email protected]
Designation
Email
Participant 4
Name (Mr / Mrs / Ms)
Designation
Just scan this form and email to register for seat/s.
Thereafter upon payment, please scan and email the
deposit slip to [email protected] .
Billing to
Company
Address
Email
Tel
Participant 5
Contact Person
Name (Mr / Mrs / Ms)
Designation
Email
Email
Remark
Please make payment to :
"SYNERGY TAS" ( Maybank : 5141 7863 3603 )
either through bank transfer or bank in cheque.
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
REF: 20141203TLL