2021 Budget & SST Pitfalls To Avoid

10 Dec, 2020, Webinar Classroom Training

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TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA, MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent
.

 

MR. TAN KOK TEE has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public..

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

He also developed and delivered an entrepreneurship program specially designed for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014 and was an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

Venue Details

Webinar Classroom Training

Contact us

Juliany,
M - 012 2281 247
juliany@ipa.com.my

Michelle,
M - 019 363 7822
michelle@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Yvonne,
M - 012 201 1247
yvonne@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Introduction
  • Key Budget Touchpoints
  • Key SST Implementation Areas To Focus & Pitfalls To Avoid
INTRODUCTION

Budget 2021 has been delivered on 6/11/2020 already under the theme “Stand United, We Shall Prevail”. This course is to provide participants with fundamental understanding of the key tax changes presented in the budget.

 

At the same time this course will also highlight the budgeted increase of RM4.3b requirements in indirect tax, of which RM0.5b is budgeted to come from the increase in import duties and the balance of RM3.8b may have to come from SST and excise.

 

In view of this tall order on the increase, this course will also highlight to you on the key implementation areas to focus and pitfalls to avoid as discovered during audit.

COURSE OBJECTIVE
The objectives of this course are to help you to:
  • Increase your understanding on the 2021 Budget.
  • Manage your tax efficiently
WHO SHOULD ATTEND
  • Business Owners and Company Directors
  • CEO, COO, CFOs, Financial Controllers and Finance Managers,
  • Accountants, Accounts Executives, Accounts Assistants.
  • Business Advisors, Auditors and Internal Audit Staff
  • Freelance Accounting Professionals,
  • Procurement/Purchasing/Sales/Logistics and other functional Managers
  • Other functional staff engaged in SST implementation matters.
METHODOLOGY
Interactive Lectures, Participative & Active Group Discussions, Exercises and Q & A Sessions
COURSE CONTENT
9:00

INTRODUCTION

  • Economic condition
  • Strengthening of Multi Agency Task Force.
10.00

KEY BUDGET TOUCHPOINTS FOR:

  • Personal Tax
  • Business Tax
  • Investment and Stamp Duties
11.00

KEY SST IMPLEMENTATION AREAS TO FOCUS & PITFALLS TO AVOID:

  • Sales Tax Exemption Management:
    i. Determination of taxable products
    ii. Exemption for machinery spare parts
    iii. Treatment of Raw Material and Packing Material Scraps
    iv. Exemption under Schedule C item 5 requirements to comply
    v. Imported Services
    vi. Correction of Error on you SST02 submission
  • Service Tax Focus:
    i. Group G – Profession services:
    - Rental services
    - Management services
    - IT services
    - Imported Services
    - Digital tax refund
    - Person exempted from paying service tax
  • Implementation & Pitfalls To Avoid.
1:00 End of Course