(A) INTRODUCTION
All Sales Tax registrants are required to comply to all provi- sion as outlined in the Sales Tax Act Regulations and Orders 2018. Any non-compliance may subject to fine & penalties. Furthermore, any omission of information and/or incorrect SST-02 return can be classified as evading of tax which may be punishable with hefty penalty. Anyway, JKDM is offering special 100% remission of penalty and surcharge until 31 May 2024.
However, ANY PERSON who are traders, manufacturers (both registered and non-registered) or whoever dealing with taxable goods under Sales Tax 2018 regime may eligible for Sales Tax Exemption & Facilities if fulfil certain conditions upon application approval.
As such, proper inventory management system should be used especially if handling hundreds or thousands of raw materials/components types to minimise any BREACH of the exemption approval conditions which may subject to Recov- ery of Sales Tax by JKDM.
On top of that, PRIOR approval from JKDM is compulsory for ALL disposal activities of damaged taxable goods and taxable production scrap/waste to avoid any unnecessary future tax recovery by JKDM.
(B) OBJECTIVES
• Know-what is Sales Tax Exemptions/Saving facilities
• Know-how to manage tax exempted manufacturing inputs
• Know-how to prepare approved exempted reports correctly
• Know-how to utilize Sales Tax Deduction STD Facility
• Correctly report tax exemption in SST-02
• Properly handling of damaged goods & scrap/waste disposal
• To encourage self and voluntary compliance
(C) TARGETED GROUP
• Both Registered and Non-registered Manufacturers
• Business Owners and Company Directors
• CFOs, Financial Controllers and Finance Managers
• Accountants, Accounts Executives, Accounts Assistants
• Business Advisors, Auditors and Internal Audit Staff
• Freelance Accounting Professionals
• SST Managers / Executives
• Procurement / Purchasing and Logistics Managers
• Warehouse Managers / Storekeepers
• Other functional staff engaged in Sales Tax matters
• TRADERS – who wish to understand the sales tax exemption/saving mechanism
(D) DATE, TIME, MODE
Date: 31 January 2025 (Fri)
Time: 9.00am - 5.00pm
Mode: Online/ Interactive
Language: Bahasa Malaysia/ English
Level: Intermediate/ Advanced
(E) FEE
[HRDF Claimable]
- Early Bird Offer (before 13 Jan 2025) – RM 680
- Special Offer (before 27 Jan 2025) – RM 720
- Normal Fee – RM 760
>> Fee includes Course Notes, Certificate of Completion & 8% Government Service Tax
** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.
HRDCorp Claimable Course:
Trainer MyCoiD: 429594X
Course Scheme: HRDCorp Claimable Course
Course Type: Remote Online Training (Public)
Course Code: 1000139720
(F) COURSE CONTENTS
1. Sales Tax 2018 : Scope & Concept
• A revision with latest updates
• Responsibilities of Registered Person
• Exemption Facilities
o Types of Facilities
2. Sales Tax (Person Exempted from Payment of Tax) Order 2018
• Application for exemptions
• Approval Conditions
• Approval Cancellation & Deletion
3. Managing Sales Tax Exemption
• Validity of Exemption Certificates
• Managing exempted goods inventory control
• Breach of Approval Conditions
• Recovery Sales Tax by JKDM
• Reporting
4. Other Exemptions/Tax Saving Facilities
• Sales Tax Deduction (STD)
• Approved Major Exporter Scheme (AMES)
• Drawback, Refund, Bad Debts, Remission
5. Managing Scrap/Waste Disposal
• Possible causes for disposal
• Types of Disposals
6. Accounting for Sales Tax
• Invoice, Credit Note / Debit Note
• SST-02 Return & Payment
• Late payment penalty
• Special Topic : 100% Penalty & Surcharge Remission
7. Imposition of Tax on Low Value Goods (“LVG”)
• What is the scope?
• Effective Date
• Rate of Tax
• Registration of LVG Seller
• Sale Value fo LVG
• Sales Tax Due
• Taxable Period and Furnishing of Return
• Customs Control
• Transitional Provisions
(G) TRAINER PROFILE
TUAN MOHD ROZLAN MOHAMED ALI
- Former Director, Indirect Tax, MATA, Malaysian Association of Tax Accountants
MOHD ROZLAN MOHAMED ALI adalah Ahli Majlis Kerja Tertinggi Persatuan Akaun- tan Percukaian Malaysia (M.A.T.A.) serta Mantan Pengarah Unit Cukai Tidak Langsung M.A.T.A. Berkelulusan Sarjana Pentabiran Perniagaan (Kewangan) (MBA-Finance) dari Universiti Utara Malaysia.
Mohd Rozlan aktif mengendalikan seminar, khidmat nasihat serta praktikal perlaksanaan GST dan SST di seluruh negara untuk pelbagai jenis industri, syarikat dan perniagaan. Pengalaman kerja selama lebih 25 tahun dan kemahiran perakaunan mem- beri banyak kelebihan untuk mengatasi semua jenis masalah perlaksanaan SST2.0 – Cukai Jualan 2018 dan Cukai Perkhidmatan 2018.
(H) REGISTRATION & ENQUIRY
Email: yes@sst2u.com
Enquiry:
- Whatsapp Only (012 - 824 8874)
- General - (03 - 8604 7270)
- Teo (011 - 3178 9203)
- Logesh (012 - 503 0346)
- Siti (012 - 383 8603)
- Nisa (019 - 851 5134)