SST 2.0 and Budget 2020 Updates
Course Information
  • 14-Nov-2019
  • Four Points By Sheraton, Puchong
  • Stanley Wong
  • English
  • RM 560 RM 510
    Until 24 Oct 2019
(I) INTRODUCTION

SST 2.0 has been in operation since September 2018, and the Budget 2020 may bring changes to indirect tax and SST 2.0. These newly introduced mechanisms maybe
implemented from January 2020.

This course provides participants with the necessary content of sales and service tax to understand the update of SST 2.0 operations. RMCD may announce amendment for SST in Budget 2020. Because it covers a very wide range, these new issues must be known not only by SST registrants, but also by non-SST registrants. This will avoid additional penalty and fines. Typical topics covered in the course include the Lampiran C1-C3 sales tax deduction and sales tax credit system. The concept of import taxable services and SST-02A, the case study of SST accounting and sales tax and service tax, the new requirements of the SST-02 form (effective from Sept 1, 2019) are the main topics of this seminar.

(II)WHO SHOULD ATTEND

• Accounting and financial professionals
• SST registrant
• Audit company and tax company
• Non-SST registrants

(III) CONTENT

• Latest developments and announcements from RMCD
• Guide to the latest updates
• Amendments to bills, regulations and orders
• Import taxable services
• SST accounting entries and case studies
• New requirements for SST-02 and SST-02A
• Sales tax reduction system
• Changes in Sales and Service Tax in Budget 2020

(IV) DATE & VENUE

Date: 14 November 2019 (Thu)
Time: 9am – 5pm
Venue: Four Points By Sheraton, Puchong

(V) FEE

Early Bird Offer (before 10 Oct 2019) - RM 460
Special Offer (before 24 Oct 2019) - RM 510
Normal Fee - RM 560

Fee includes Course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax

**DISCOUNT**
(i) 10% for group registration of 3 pax or more
(ii) 10% overriding discount for SST2u Loyalty Card members

(VI) Course Scope

(A) Morning

Sales Tax Updates
• Updates on Sales Tax Act, Regulations and Orders
• Highlight on Guide on Sales Tax
• Highlight on Guide on Special Area
• Highlight on Guide on Manufacturers, Import and Export
• Sales Tax Exemption Filing Requirements
o Lampiran C-1 ~ C-3
o Lampiran SST-ADM, 1 and 2
o Lampiran A57
o Lampiran MIDA
• Correct Tariff via various Tariff Reduction Scheme
• Sales Tax Credit System Registration
• Sales Tax Deduction System
• New declaration in SST-02 for sales tax
• Rule of Valuation

Service Tax Updates
• Updates on Service Tax Act, Regulations and Orders
• Highlight on Guide on Service Tax and Industry Guide
• The scopes of 4 taxable services that are subject to service tax
• Service Tax Exemption
• Reclassification of management services
• New declaration on SST-02 for service tax

(B) Afternoon

Imported Taxable Services
• Legislation on Imported Taxable Services
o Business to Business (BSB)
o Business to Consumer (B2C)
• Scopes of imported taxable services
• Registration for imported taxable services
• Chart of Accounts for imported taxable services
• Accounting for imported taxable services
• Declaration on SST-02A
• Case studies on imported taxable services

SST 2.0 Accounting Entries
• Invoice, debit note and credit note format
• Accounting entries for sales tax and sales tax exemption
• Accounting entries for service tax
• Invoice format for service tax exemption
• Disbursement and reimbursement
• Management fee within and outside Malaysia

Bad Debt Claim and Recovery
o Conditions for Sales Tax
o Conditions for Service Tax
o Accounting entries for SST bad debt

Miscellaneous Topics:
• Customs Ruling
• Claim for Refund / Drawback and Duty
• Voluntarily Disclosure Form

(VII) Training Method

• Tutorial
• Group discussion
• Question Time

(VIII) Learning Result

At the end of the course, students should receive the following knowledge:
• Understand the latest developments in SST 2.0
• Understand the accounting entries and requirements for SST 2.0 reports
• Import taxable services
• Sales Tax Deduction System
• SST-02 and SST-02A
• Understand the impact of Budget 2020 towards SST

(IX) Course Instructor

STANLEY WONG
STANLEY WONG is a Project Management Professional (PMP) and a HRDF certified trainer. He holds MSc in IT degree specializing in project management. He is a Chartered Accountant and a member of MIA. He attended a number of workshops in Singapore and UK to bring back insights on the subject matters that relatively new but important to Malaysia. He delivers training on the following subject matters, SST 2.0 –Sales and Service Tax, Business Mind Mapping, Forensic Investigation, Crisis Management, Business Continuity, Essential Excel Skills for Accountants, Project Management as well as study on Chinese metaphysics and Yi Jing.

(X) REGISTRATION

Email: SSTcourse@gmail.com
Enquiry:
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Han (019 - 323 0507)
Siti (012 - 383 8603)
Phang (03 - 8082 3357)