SALES TAX- PRINCIPLES, CONCEPTS AND COMPLIANCE

07 Sep, 2023, Remote Online Training - Public

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P. Nadaraja was formerly with the Royal Malaysia Customs (1981-1997) as a Senior Officer of Customs having served in various units and his key areas of focus includes customs administration, import and export procedures, classification, valuation, licensing and
compliance matters. He possess an in-depth knowledge of various customs legislations including Customs Act, Sales Tax Act, Service Tax Act, Excise Act, GST Act and other subsidiary legislations. He has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysia Customs Academy in Malacca on various occasions to deliver lectures on
various aspects of Customs laws and procedures.

 

In 1997 he left the Customs Department on optional retirement for private practice as an Advocate and Solicitor.

 

He is now involved in legal practice and at the same time is actively involved in conducting seminars and workshops on customs matters. He has also conducted in house training for various companies including statutory bodies and has advised and consulted upon by companies on issues such as customs and sales tax valuation, classification, service tax matters, drawback, refunds, exemptions and others. He was officially appointed by the Customs Department to conduct the Basic Customs Course for forwarding agents during the year 2005 – 2007.

 

He is also an Associate of the Malaysia Institute of Chartered Secretaries and Administrators and an Associate Member of Chartered Tax Institute of Malaysia (ACTIM) and is currently
involved in customs litigation and rendering of consultancy services on Customs matters

Venue Details

Remote Online Training - Public

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@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
  • Sales Tax Legislations
  • Concept of Sales Tax
  • Registration under Sales Tax Act
  • Accounting for Sales Tax
  • Exemptions / Facilities under Sales Tax Act & Regulations
  • Sales Tax Special Provisions
  • Enforcement powers of Customs Department
  • Offences and Penalties under Sales Tax Act
  • Exemptions, Refund, Drawback and Remission
  • Brief outline of Procedures related to Low Value Goods
  • Review and Appeal Procedures under Sales Tax Act – SST 03
OBJECTIVES
Sales Tax is a new tax system implemented in Malaysia to replace the Goods & Service Tax (GST). It is a single stage tax system encompassing various reliefs and exemptions unlike the previous GST system. The objective of the seminar is to introduce participants the principles and concepts related to Sales Tax and how businesses can benefit from the various reliefs and exemptions granted under the Sales Tax Legislations and not the least the issue of compliance with the legislations.
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding the basic concepts related to Sales Tax.
  2. Determining who is required to be registered under the Sales Tax Act.
  3. Understanding the different types of exemptions, facilities and reliefs granted under the Sales Tax Legislations.
  4. Understanding Sales Tax procedures, documentation & compliance issues.
  5. Highlighting the common mistakes under the Sales Tax Act.
  6. Understanding the basic of Low Value Goods
WHO SHOULD ATTEND
This course is suitable for all kinds of Service Providers, Tax Consultants and Professionals and the like.
METHODOLOGY
Power Points Presentation, Lectures, Discussions and Q & A sessions.
COURSE CONTENT
9:00

SALES TAX LEGISLATIONS

  • Sales Tax Act 2018
  • Sales Tax Regulations 2018 (PU(A) 203/2018)
  • Sales Tax (Customs Ruling) Regulations 2018 (PU(A) 204/2018)
  • Sales Tax (Rules of Valuation) Regulations 2018
  • Sales Tax (Compounding of Offences) Regulations 2018 (PU(A) 220/2018)
  • Sales Tax (Total Sale Value Of Taxable Goods) Order 2018 (PU(A) 209/2018)
  • Sales Tax (Rate of Tax) Order 2022 (PU(A) 176/2022)
  • Sales Tax (Goods Exempted From Sales Tax) Order 2022 (PU(A) 175/2022)
  • Sales Tax (Person Exempted From Payment of Tax) Order 2018 (PU(A) 210/2018)
  • Sales Tax (Exemption From Registration) Order 2018 (PU(A) 208/2018)
  • Sales Tax (Imposition of Tax In Respect Of Designated Areas) Order 2018 (PU(A) 206/2018)
  • Sales Tax (Imposition Of Tax In Respect Of Special Areas) Order 2018 (PU(A) 207/2018)
  • Sales Tax (Determination of Low Value Goods) Order 2022 (PU(A) 411/2022)
  • Sales Tax (Total Sale Value of Low Value Goods) Order 2022 (PU(A) 409/2022)


 

CONCEPT OF SALES TAX

  • Concept of Single Stage Taxation
  • Definition of Manufacture under Sales Tax Act 2018
  • Sales Tax Registration / Calculating of Threshold
  • Taxable Person
  • Sales Tax Exemption from Registration
  • Imposition and Scope of Sales Tax
  • Determination of Sales Value

 

10.45

 REGISTRATION UNDER SALES TAX ACT

  • Liability to be registered
  • Voluntary Registration
  • Single Taxable Person
  • Cancellation from Registration
  • Exemption from Registration 

 

 

ACCOUNTING FOR SALES TAX

  • Issuance of Invoices/Record Keeping
  • Accounting Basis
  • Taxable Period
  • Treatment of Credit / Notes
  • Refund for Bad Debts
  • Submission of Sales Tax Returns (SST-02)
  • Power to Assess 

 

12.00

EXEMPTIONS / FACILITIES UNDER SALES TAX ACT & REGULATIONS

  • Sales Tax (Persons Exempted from Payment of Tax) Order 2018
    - Jadual A – class of persons exempted from sales tax
    - Jadual B – exemptions for manufacturers of non-taxable goods
    - Jadual C – exemptions for registered manufacturers (Lampiran C1, C3 & C5)
  • Schedule C - Exemptions
    - Lampiran C1 – Exemptions for registered manufacturers
    - Lampiran C2 – Exemptions to purchase on behalf of manufacturers
    - Lampiran C3 – Exemption for subcontracting
  • Sales Tax (Goods Exempted from Sales Tax) Order 2018
  • Sales Tax (Exemption from Registration) Order 2018
  • Sales Tax Deduction – Application and Conditions

 

 

SALES TAX SPECIAL PROVISIONS

  • Treatment of Designated Area of Labuan, Langkawi, Tioman and Pangkor
  • Treatment of Special Areas of Free Zones, Licensed Warehouse and LMW

 

1:00 Lunch
2:00

ENFORCEMENT POWERS OF CUSTOMS DEPARTMENT

 

 

OFFENCES AND PENALTIES UNDER SALES TAX ACT

3:45

EXEMPTIONS, REFUND, DRAWBACK AND REMISSION

  • Power of Minister to exempt and refund – Section 35
  • Refund of sales tax short paid or erroneously paid – Section 39
  • Drawback of sales tax paid on goods re- exported – Section 40
  • Remission of sales tax – Section 

 

 

BRIEF OUTLINE OF PROCEDURES RELATED TO LOW VALUE GOODS

 

REVIEW AND APPEAL PROCEDURES UNDER SALES TAX ACT – SST 03 

5:00 End of Course