FUNDAMENTAL AND SCOPE OF SST

• General Scope of Sales and Service Tax.
  

SST REGISTRATION AND ACCOUNTING FOR TAX

• Threshold and its determination
  
• Mandatory and Voluntarily registration
  
• Group, Branch and Partnership registration.
  
• Timing of Registrations and its effective date.
  
• Activities exempted from registration.
  
• Registration requirement for new and updated scopes of taxable items
  
• Transition rule due to change in rates and additions of new taxable items.
  
• Single Taxable person concept
  
• Transfer of Going Concerns under Sales Tax
  
• Registration Cancellation
  
• Responsibilities of a Registered Person.

SALES TAX

• 2018 Sales Tax Model
• Sales Tax Application and Exemption available to different parties under different schedules, like importers, Exporters, Manufacturers, Governments, Individuals,
etc.
• 3 types of taxable areas and their valuation for tax purpose for 3rd party and inter- company.
• Definition of Manufacturing
• Rate of Tax Order – Exempt, 5%, 10% and Specific rate.
• Types of exemptions under the exemption orders for:
a. Goods exempted from charging Sales Tax
b. Persons exempted from paying Sales Tax
- Schedule C – Registered Manufacturers and person acting on behalf of manufacturers
- Schedule B – Non- Register Manufacturer on their production of specific sales tax exempted goods.
- Schedule A – Other categories of person,
• Sales Tax Credit Systems.
a. What is it and who is entitled?
b. Registration procedures
c. Rate of Credit and its effect in the SST02 form
• Sales Tax treatment for import and goods movement to and from:
a. Designated Areas – Labuan, Langkawi, Tioman, Pangkor and Pulau 1
b. Special Areas – LMW, Free Zones, Licensed Warehouse, MTJDA, Petroleum Supply Base.
c. Duty Free outlets
• Sales Tax Drawback entitlement (Vs. exemption entitlement) for goods purchase for export.

SERVICE TAX

• Principles of charging Service Tax – provide vs. usage.
• Service Provider and its beginning of 9 groups of Taxable services (Group A to I)
in accordance with Legislations and
Customs latest policies definition.
• Expansion to 10 and then to 13 groups.
(Group J to M)
• Explanation of the 11 Categories of Taxable services and is implementation mechanism.
• Taxable services under the Professional Group (Group G) and its wide definition of consultancy and management services.
• Additional Taxable Services added to the different Group and the Re-defining of taxable services.
• Persons exempted from paying Service Tax under Group G and its expansion to Group
H to M.
• Inter-Company Taxable Services Relief and definition of group companies
• Diminish Rule for Group Companies relief f rom Service Tax.
• Treatment of imported services requirement by all businesses, such as:
a. How is the Service Tax accounted by non- Register Person under the Service Tax Act – Form SST 02A.
b. Effect on:
- Imported Services from Group companies overseas
- Non-Service Tax register person.
- Registration of overseas suppliers who provide digital services
• Treatment of “Export Services” and what do you mean by this category
of services – Land, Goods and Matters
overseas.
• Treatment for services supplies within and to and from Malaysia to:
a. Designated Areas
b. Special Areas

ACCOUNTING

• Invoice, Debit Note and Credit Note
  prescribed particulars requirement.
  
• Deadline to issue invoice for service tax.
  
• Issuance of D/N and C/N
  
• Service Tax Contra
  
• Standard and Specific Taxable Period
  
• Filing of Returns, Tax Credit deduction and Payment of Tax
  
• Accrual and Payment Methods for Service Tax.
  
• Bad Debt recovered procedures
  
• Offences, Compound and Penalties

IMPLEMENTATION HEALTH CHECK AND BE READY FOR AUDIT

• Key common areas to look out for errors for Sales Tax and Service Tax implementation
  
• Audit coverage and awareness
  
• Appeals