SALES & SERVICE TAX (SST)

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Who should attend?

- Executives & Management Team

- All Accounts & Finance related personnel

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Program Objectives:

Upon completion of this program, participants will acquire:

• Understanding Of Sales and Service Tax

• Understanding How Does Sales Tax Works

• Understanding How Does Service Tax Works?

• Defining And Recognizing Types of Malaysia SST Rates

• Differentiating Between SST and GST

• Understanding Who Pays SST (Sales and Service Tax) In Malaysia

• Recognizing Of Taxable Goods and Services

• Understanding Of Taxable Goods

• Understanding Of Taxable Services

• How To Make SST Payment

• Recognizing When and How to File SST Return

• Understanding What Are the possible SST Penalties

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Trainer: Zaiyani, also known as Coach Zye, has more than 15 years managing full sets of accounts in various industries such as oil & gas, manufacturing, trading, logistics and others. She is a HRDC & NCS Certified Trainer who hold Bachelor's Degree in Finance from UiTM, and spent many years in managerial posts preparing financial report and statement. 

 

As an entrepreneur herself, she is also eager to share her industry expertise through training and development programs to help the community. Her other roles such as Treasurer and Board Member in few Koperasi and NGOs, as well as Treasurer of Thames Oxford Academy NCS Alumni.

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Program details:

💎Date : 28th SEPTEMBER 2024 (SATURDAY) - Last class until 2025

💎Time : 9.00am – 5.00pm

💎Duration : 1 day, 7 hours in total excluding break time

💎Location : Remote Online Training (Zoom💻)

💎No. of pax : Limited 30 pax only (First come first serve🔥)

💎Language : Dwibahasa (English + Bahasa Malaysia)

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🎓Certificate: E-Certificate of Completion in Sales & Service Tax

** HRD Corp Training Program No.: 10001432409

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Original price: RM900/- per pax

NOW 👉Special price: RM550 + 8% SST = RM594/- only

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Invoice to company /Direct debit /Credit card /E-Wallet /HRD Corp Claimable✅

*Price inclusive of E-Book & E-Certificate of Completion
*Payment method will be informed upon registration submitted

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Course Modules:

📌SST Updates and Insights

• Service Tax

• Sales Tax

• Changes in the SST 2024 from 6% to 8%

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Implementation Mechanism and Its Common Issues to Avoid and Overcome in Respect of:

📌Registration

     i. Threshold and its determination – what is in and what is out & how is future method calculated.

    ii. 20 Activities that do not require to be registered under the Sales Tax Act.

   iii. Understand the Single Taxable person concept

   iv. Registration Cancellation and its deemed sales under sales tax and deemed collection under the service tax.

    v. Transfer of Going Concerns under Sales Tax

   vi. Key Responsibilities of a Registered Person.

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📌Sales Tax Implementation

     i. Taxable areas and its valuation for tax purpose for 3 rd party and inter-company transactions.

    ii. Definition of Manufacturing and resolving its dispute on its meaning.

   iii. HS Code / Customs Tariff Code and the Determining the Rate of Tax.

   iv. Types of exemptions under the exemption orders:

a. Goods exempted from charging sales tax

b. Persons exempted from paying sales tax – terms and conditions:.

i. Schedule C –

- Registered Manufacturers (RM) purchase direct,

- Registered Manufacturers (RM) purchase through 3 rd parties

- Registered Manufacturers (RM) sub-contracting work out:

- Between RM to RM in PCA areas

- Between RM and non-RM in PCA areas

- From Special Areas and Designated Areas to PCA Area

- From PCA areas to Special Areas and Designated Areas

- Criteria MUST meet to qualify for exemption under C5.

ii. Schedule B – Non- Register Manufacturer on their production of 4 specific sales tax exempted goods.

iii. Major Exporter Scheme

iv. Schedule A – Other categories of person and its conditions requirements.

v. Machinery and spare parts exemptions – be careful of wrong advice given even from customs stations.

c) Quarterly record keeping and periodical reporting requirements for goods under exemption.

d) Procedures on sales tax treatment on scraps at different stage of production and finished goods.

    v. Sales Tax Credit Systems.

   vi. Treatment for goods movement within, to and from:

a. Designated Areas (duty free areas), and/or

b. Special Areas

  vii. Definition of Export and its documentation criteria requirements.

 viii. Sales Tax drawback facilities vs Schedule A item 57 exemption.

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📌Service Tax Implementation

     i. Service Provider and its 31 categories of the 9 grouping of Taxable services

    ii. Scope of taxable services in each category / group and when is Rental, recovering of cost including electricity, water, etc. subject to service tax.

   iii. Key emphasis on Management Services including Construction Project Management, Consultancy, Cleaning Management, etc.

   iv. Service tax treatment for special transactions such as:

a. Grants received,

b. Students exchange program charge,

c. Property Management services by Developers, JMB, MC and third parties.

d. Student hostels renting to parents of students,

e. Referral fees

f. Sales, Marketing and Business Development fees that includes recovery of cost etc.

    v. Person exempted from paying service tax facilities criteria.

   vi. Claiming refund of SToDS (Service Tax on Digital Services) incurred by local digital tax service provider.

  vii. Treatment of imported services requirement by all businesses including Non-SST register companies and its exemptions.

 viii. Service Tax treatment on Inter-Company Professional Services and definition of group companies AND when are these services taxable also to Group Companies.

  ix. Treatment for services provided within AND to and from:

a. Designated Areas

b. Special Areas

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📌Accounting Administration

     i. Invoice, Debit Note and Credit Note:

a. Standard prescribed particulars requirement.

b. Prescribed particulars requirements to person exempted from paying service tax.

    ii. Filing of Returns & correction of errors – supplementary returns.

   iii. Bad Debt Relief criteria

   iv. Refund on SST over paid

    v. Service Tax contra system.

   vi. Annual Audit Certificate requirements

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**Latest content updated in line with SST requirements 2024

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✔️HRD Corp SBL-Khas Claimable

✅FREE Training E-Book

🔔Post Training Support Group (1 Month)

☑️Practical Guide to Jabatan Kastam MySST

🎓E-Certificate of Completion

🔥Last class until 2025

📞Enquiry : Feel free to WhatsApp - Loki
https://wa.me/60172259937

*Kindly fill up details required as below & click 'Submit' button to reserve your seat

*We will add you directly into participants' WhatsApp group

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