HRD Corp Programme Number : 1000150320

INTRODUCTION

Many companies especially importers, exporters and manufacturers are facing problem and issues when dealing with the Royal Malaysian Customs Department (RMCD).  This is mainly due to the lack of knowledge when dealing with the RMCD especially on the Facilities and Tax Incentives provided under the Customs Legislations (Customs Act 1967, Free Zone Act 1990 and Sales Tax Act 2018). 

As one of the important objectives of the RMCD is to provide facilities and incentives to the business communities to facilitate their operations and to reduce business costs, we invite businesses to join our "FACILITIES AND TAX INCENTIVES UNDER THE CUSTOMS LEGISLATIONS" training to discover the various facilities and tax incentives that are available under the Customs Act 1967, Free Zones Act 1990 and Sales Tax Act 2018 to the business communities to facilitate their operations from our expert in Customs procedures and legislation. Beside making your dealing with the RMCD more effective and efficient, this comprehensive course provides the various tax incentives available so that businesses can restructure their businesses to minimise costs and increase competitiveness. This training will also provide participants with the latest updates on the relevant amendments to the Customs Procedures, Documentation and Conditions required to meet them.

Download Brochure and Registration form from HERE

Training Date :
9th - 10th July 2024

LEARNING OBJECTIVE 

At the end of this "Facilities and Tax Incentives Under the Customs Legislations" training, participants will be able to

• Gain an insight into the facilities available under the various Customs Legislations.
• Learn how to effectively make use of these facilities for cost optimization.
• Streamline their businesses activities by taking advantage of these facilities.
• Effectively evaluate the facilities most suitable for their businesses.
• Understand the latest updates on the facilities and incentives.

WHO SHOULD ATTEND

This course is suitable for

• Tax Consultants
• Business Owners
• Finance Managers
• Accountants
• Logistic Managers
• Those dealing with RMCD
• All manufacturers and traders who desire to obtain import duty / tax exemptions

COURSE CONTENTS

1. Customs Objectives

2. Overview of Facilities and Incentives available under the Customs Legislations

3. Exemptions under Licensed Manufacturing Warehouse (LMW)

• Concepts & Objectives of Licensed Manufacturing Warehouse (LMW)
• Legal Provisions under Section 65 / 65A Customs Act 1967
• Eligibility criteria for LMW & conditions to be complied
• Application & Documentation
• Location & Type of Premises
• Release to domestic market and payment of duty
• Third Party Export
• Control over premises by customs controlling station
• Farming out / subcontract activities
• Losses by fire, flood & theft
• Procedures as to destruction of waste raw materials and finished good
• Documentation and Compliance

4. Refund of Duty / Tax Under Customs Act and Sales Tax Act

• Refunds of duty overpaid or errorneously paid under Section 16 Customs Act 1967 and Section 39 Sales Tax Act 2018
• Common reasons for overpayment / erroneous payment
• Conditions to be complied for successful refund claim
• Application for refund and documentation

5. MIDA Exemptions / Treasury Exemptions

• Legislations
  • Section 14(2) Customs Act 1967
  • Sections 35(1) Sales Tax Act 2018
• Sectors Eligible for Tax Exemption
• Exemption on Raw Materials / Components and Conditions
• Machinery Equipment Exemptions / Self Declaration
• Procedures as to Destruction of Raw Materials, Components and Waste
• Documentation

6. Drawback Claims Under Customs Legislations

• Type of drawback claim and differences
• Drawback claim under Section 93, 99 Customs Act 1967 and Section 40 Sales Tax Act 2018
• Conditions to be complied for successful drawback claim
• Procedures as to drawback claims & documentation
• Problems associated with drawback claims

7. Benefits of Free Zones

• Concept of Free Zones
• Types of Free Zones – FIZ and FCZ
• Activities that can be conducted in FIZ and FCZ
• Application to operate inside Free Zones
• Goods allowed inside FIZ and FCZ
• Movement of goods / Transshipment / Transit Procedures
• Documentation Procedures
• Farming out / Subcontract
• Advantages of FCZ to importers / exporters

8. Temporary Import / Temporary Export 

9. Licensed Warehouses 

• Section 65 Customs Act 1967
• Concept of Bonded Warehouses and eligibility criteria
• Categories of Bonded Warehouses
• Benefits of using Bonded Warehouses
• Procedures & Documentation

10. Exemptions Under Customs Duties (Exemption) Order 2017 / Sales Tax (Exemption from Payment of Tax) Order 2018 

• Application and Procedures related to claiming of import duty and sales tax exemptions under Customs Duties (Exemption) Orders  2017 and Sales Tax (Exemption From Payment of Tax) Order 2018

11. Advance Customs Ruling and Its Benefits

12. Application For Review / Appeal / Remission of Duty and Tax

13 Exemptions / Facilities under the Sales Tax Act / Regulations

• Basic Concept of Sales Tax
• Sales Tax (Persons Exempted from Payment of Tax) Order 2018
  • Schedule A – Exemption for certain class of persons
  • Schedule B – Exemptions for manufacturers of non-taxable goods
  • Schedule C – Exemptions for registered manufacturers
• Sales Tax (Goods Exempted from Sales Tax) Order 2018
•  Sales Tax (Exempted from Registration) Order 2018
•  Treatment of Special Areas and Designated Areas

14.Conclusion

Click HERE to download the course content in pdf format

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 posses an in depth knowledge of various customs legislation including Customs Act, Sales Tax Act, Service Tax Act, Excise Act and other subsidiary legislation. He has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysian 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 Basic Customs Course for forwarding agents during the year 2005 – 2007.

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

Comments from past participants :

"Excellent. Speaker is very knowledgeable. Help a lot on understanding with examples." -  Cik Nor Aishah Binti Hasanuddin, Customs Executive - DEM Draexlmaier Automotive Systems (M) SB

 

 

 "He has very good knowledge of the training subject" - Ms Evonne Se - MTTJ Engineering Sdn. Bhd.

 

 

 

 

 "Experience Trainer" - Ms Lee Hooi Fung - Nibong Tebal Paper Mills Sdn. Bhd.

 

 

 

 "Very friendly trainer and good knowledge sharing based from his experience" - Ms Joyce Heng Lee Ping - Infinity Logistics & Transport Sdn. Bhd.

 

 

 

 "It's good training given for us to understand better on the Customs Facilities available and the Tax Incentives that we can used" - Ms Siti Aminah Binti Sayang - Oleon (Asia-Pacific) Sdn. Bhd.

 

 

Course Fees & Registration
FEE PAYABLE PER PARTICIPANT :

Normal Price                                          : RM2,288

Early Bird (15 days before event)       : RM2,089

Group Fee (>2 participants)                : RM1,888

Fee includes course materials, lunch, 2 tea breaks per day and Certificate of Attendance (upon completion of the training).

Download our Registration form Here and sent it to us by

Email : sales@wanfahprosper.com

WhatsApp : +60162634929

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice received :

• More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
• Ten (10) working days or less before the event, no refund will be made.
• For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
• A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to :WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)