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Malaysia’s New Sales Tax & Service Tax (SST) 2018

Successfully Implementing the SST Model

Expert Speaker Veerinderjeet Singh

$321.00 (including GST)

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Overview

On 1st September 2018, Malaysia reintroduced  the Sales Tax and Service Tax (SST) to replace the repealed Goods and Services Tax (GST).

Therefore, it is important to be updated on the new SST regime and grasp the salient features incorporated in the SST framework to ease implementation and ensure compliance. It is also critical to identify the impact of SST on previous GST registered businesses and learn how best to manage the transitional issues that arise.

Tax executives accountable for GST applications and tax professionals of Singapore businesses having business operations and business partners in Malaysia will benefit by gaining clarity on the implications of SST on their business.

Attend this focused first-hand look at Malaysia’s New SST regime workshop and be equipped with the technical know-how to successfully implement SST.

What You Will Learn  

At the end of this workshop, you will:

  • Obtain an overview of the new SST implementation model
  • ​Be updated on the salient aspects of the SST framework
  • Find out the impact of SST on GST registered businesses
  • Be prepared to address critical transition issues from GST to SST
  • Gain clarity and guidance on how to successfully implement SST ​

Programme Outline     

Overview of the New Sales Tax and Service Tax Model 2018

  • Historical background of the SST framework
  • Issues with the GST regime
  • What are the new features and improvements incorporated in the new SST model?

Sales Tax 2018: Salient Aspects

  • Legislative framework
  • Scope of coverage of sales tax
  • Administrative aspects of sales tax
  • Implications of sales tax

Service Tax 2018: Salient Aspects

  • Legislative framework
  • Scope of coverage of service tax
  • Administrative aspects of service tax
  • Implications of service tax

GST Transition and the Implementation of SST 2018

  • Key transitional issues related to GST
  • Goods and Services (Repeal) Bill 2018
  • Addressing SST implementation challenges

Q&A

Expert Speaker

Dr. Veerinderjeet Singh, Group Non-Executive Chairman, Axcelasia Inc, graduated from the University of Malaya with a first class honours degree in accountancy in 1979 and obtained his Doctorate from Universiti Putra Malaysia in 2000.  Veerinderjeet has served with the Malaysian Inland Revenue Department and has held the position of Associate Professor in Taxation at the Faculty of Economics & Administration, University of Malaya. He has served as an Executive Director/Tax Partner in the Malaysian tax practice of two of the then Big 5 international accounting firms. He is a Founder and Chairman of Axcelasia Taxand, which is a member of the Taxand Global Organisation of independent tax firms worldwide. He also sits on the Taxand Global Board. Veerinderjeet is a Past President of the Chartered Tax Institute of Malaysia, current Vice President of the MICPA and has served as a Council Member of the MIA. He has been actively involved in contributing his views to the Ministry of Finance on various matters related to the Malaysian tax system. He has authored a number of books and articles on taxation, both in Malaysia and internationally. He is also an Independent Director on the Boards of a listed entity, a local bank and a rating agency in Malaysia.

Enquiries: 6211 3935; amy.wong@wolterskluwer.com / 6211 3939; sandi.teoh@wolterskluwer.com  

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