Understanding Malaysian Sales & Service Tax (SST)

• Preparing for GST audit
• Understanding the concept and scope of SST
• Understand the different between GST and SST and the impact on your business
• Transitional issues moving from GST 6% to 0% and to SST
• Understanding the SST implementation mechanism
• Aware and understand the various Exemption, Benefits and Facilities available in SST
• Aware of SST taxable period and returns submission deadline
• Getting an update of the latest development on SST
• Understanding the Price Control and Anti Profiteering Act

• Non-Financial Managers.
• Heads of Departments.
• Accounts administrators and assistants.
• New accounting staff.
• Costing staff.
• Secretaries.
• Office administrators.

DAY 1
9.00 am - 5.00 pm

9.00AM - 10.30AM 
INTRODUCTION

• Taxation in Malaysia
• Why GST
• Why SST
• Transition from GST 6% to 0% and then to SST 

10.30AM - 10.45AM Break

10.45AM - 1.00PM 
GST ERA

• Tax rate 6% to 0%
• Submission of GST -03
• GAF analysis 

1.00PM - 2.00PM Lunch

2.00PM - 3.30PM 
SST 2.0

• What is SST
• How is SST work
• Is Accounting System still needed since no GST

3.30PM - 3.45PM Break

3.45PM - 5.00PM 
SALES TAX

• Sale Tax Act 2018 and its related rules and regulations
• Sales Tax mechanism
• Test for Sales Tax
• Definition of Manufacturing and taxable person
• Registration Invoicing

DAY 2

9.00AM - 10.30AM 
Sales Tax (Continuation)

• Submission of return, payment and late payment penalty
• List of item to be charged Sales Tax
• Treatment for Designated Areas and Special Areas
• Facilities available in Sales Tax Act
• Tax Credit System

10.30AM - 10.45AM Break

10.45AM - 1.00PM 
SERVICE TAX

• Service Tax mechanism
• Tax Rate and Taxable Services
• Registration
• Invoicing
• Submission of return, payment and late payment penalty
• Facilities under Service Tax
• Treatment for Designated Areas and Special Areas
• Grouping of Services

1.00PM - 2.00PM Lunch

2.00PM - 3.30PM
PRICE CONTROL AND ANTI PROFITEERING ACT

• Understanding the Act
• Calculating the pricing

3.30PM - 3.45PM Break

3.45PM - 5.00PM 
MISCELLANEOUS

• Assessment Dispute
• Draw back, Refund and Remission
• Public Ruling
• Latest development of the SST

Interactive presentation, demostration, Quizzes, Hands-on group discussion and Question and Answer.

Mr CW TAN
Qualifications:
Chartered Accountant
Fellows Member of Chartered Management Accountant - FCMA (UK)
Chartered Accountant (Malaysia)- CA (M’sia)
Chartered Global Management Accountant (CGMA)
Competent Toastmaster (CTM)

Tan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Tan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager and retired in March 2012 to form WFP.

“The trainer and his delivery was excellent. I’m much more confident now that I have a better understanding on what accounting is all about; especially pertaining to the costing aspect.” –  SSM.

“This course taught me the basic and most fundamental lessons on financial management and the co-related topics. I feel so much more confident now that I’ve been well-informed on the details of such an essential subject.”–  Regional Manager, Ansell Limited.

“I was uncertain of the financial process before attending this course. I’m happy I’ve gained a wealth of knowledge and understanding on the system of financial reporting during this course. The trainer had excellent knowledge in his field.”– Senior Manager

“I had very little knowledge on how to read financial statement before attending this course and am happy to say that I now understand a lot more about finances after attending this course. I felt the trainer gave us a very clear explanation about accounting.” – Manita, Sapura Industrial Bhd.

“Before attending the course, I felt that I was not good at interpreting financial statements. I cam to the course and is aware about the importance of finance knowledge to manage a company. After attending ITrainingExpert's Finance For Non Finance course, I feel I have better understanding on how to read and interpret the financial statements. I personally like the practical training session and overall it is very good training.”– Account Officer – Leuven Capital Sdn Bhd

 “I feel excited to learn more on financial statement before attending the course. During the course, I learnt how to evaluate finance standing of any companies and definitely gained more knowledge on how to read and understand financial statements. Overall, it is very good and commendable workshop by Mr Tan of iTrainingExpert. Mr Tan is well-equipped with knowledge on Finance and Accounting. His clear, step-by-step explanations through story-telling and illustrative examples lit up the workshop very well. Thank you.”– Head of Business Development – Hamid Isa Transport Sdn Bhd
 
“It is a good training for people with limited financial knowledge. Through the course, I learnt about the various essential financial terms and practical ways of interpreting financial statements.”– Lim Chia Ni, Sales Manager – Acme Chemicals
 
“From this training, I learned about financial terms and definition used in income statements and balance sheets. After the course, I feel myself have better understanding on the importance of ratio analysis which is used to measure the financial performance of a company. Mr Tan is a very well experienced trainer on Finance and Accounting. He led the training smoothly and efficiently. I liked his explanations and illustrations.”– Carmela, IE Manager - AUO Sunpower

“This is a useful course where I learned what is NCL, CL, Equity, ROI, NPV, IRR, CA, NA and able to apply in my work” – Ahmad Firdaus, Engineer, Tenaga Nasional Berhad

“I only knew the most basic financial information before attending this course. I’m happy I got to learn the technical financial procedures during this course. After the course, I’m glad I learned that finance is the most important measure to determining a company’s status. I felt that the trainer was very good in his delivery.” – Mohd Nizam Bin Md Gunus, Manager, Setia Corporation Sdn. Bhd,

“This is a great course to learn how to read financial statements” –  Associate, Iskandar 

Upon successful completion of this program, you will receive a Certificate of Achievement.

1. By Credit card: You can opt to register and pay online with our latest payment integration system through our website.
2. Bank Transfer- You can also opt to bank transfer payment via local / international banks. Please send payment slip as proof of payment.
3. HRD Corp Claimable Courses Skim Bantuan Latihan Khas - Applicable to Malaysian Employer Only

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