T 68276828/77 F 67340610 / 68276801 E [email protected] W www.sbf.org.sg Malaysia GST (With Effect from 1 Apr 2015) A SBF-RSM Chio Lim Partnership Series Event   24 September 2014, Wed  1.00pm – 5.00pm Fee per pax (incl GST): SBF Member -S$214 Non Member-$327 SBF Seminar Room 2, Level 21 Keppel Towers Goods and Services Tax ("GST") in Malaysia will be introduced on 1 April 2015, with the Royal Malaysian Customs Department having administrative oversight of the GST regime. The official announcement on 25 October 2013 gives businesses a window of 17 months to prepare for the GST implementation. For businesses with operations in Malaysia, GST is compulsory for those with annual taxable turnover exceeding RM 500,000. As GST is a transactional tax administered on a self-assessment basis, it is important for these companies to fully understand what is required in order to achieve accurate GST reporting and compliance. At a glance, it appears to be similar to Singapore's GST regime (e.g. place of supply rules, international services and tax invoice format). However, subtle differences exist between the two. Admin Registration Form Speakers Outline 1. 2. 3. 4. Differences between GST administration in Malaysia and Singapore Basic GST concepts in Malaysia (i.e. Place, Time and Value of Supply) What Singapore companies with operations in Malaysia need to know and do What to look out for and risk areas as regards non-operating income transactions (i.e. recovery of expenses, inter-company charges, deemed supplies, fixed asset disposals) 5. Conditions for input tax claim, disallowed claims and the importance of maintaining valid tax invoices/simplified tax invoices to support input tax claims on purchases 6. GST relief available 7. Transitional considerations 8. GST best practices businesses can adopt Richard Ong Ng Kim Teck Director, GST Services, RSM Chio Lim LLP Management Consulting Director, ASQ Group Chong Chai Choo, Joe Chief Executive Officer, ASQ Group Company Name: Tel No. : Enjoy 400% tax deduction or 60% cash payout for investment in training fees under the Productivity and Innovation Credit (PIC) scheme. For more information, refer to www.iras.gov.sg/ irashome/PIcredit.aspx Membership No.: Fax no. : Employment Size: Email : Annual Turnover: Please register the following Participants 1. Name Designation Email: 2. Name Designation Email:    Please fax registration to reserve a seat. Registration is based on a first-come first –served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. Singapore Business Federation (SBF) reserves the right to make any amendments to the programme, venue, speaker replacements and/or topics if warranted by circumstances beyond SBF’s control. Ref No. EV-140361