HOW TO MANAGE SALES TAX AUDIT AND INVESTIGATION

    HRD Corp Programme Number : 1000150323

INTRODUCTION :

Sales Tax audit is a process of verifying the compliance of a business with the relevant legislation through an examination of the accounts and records of that business and is essential for any tax system. What triggers a sales tax audit and how do you reduce the risks?

This “HOW TO MANAGE SALES TAX AUDIT AND INVESTIGATION” programme will enable participants to get an insight and understanding of the types and scope of the various Sales Tax Audits of manufacturing industry thereby minimizing risk exposure and avoid potential tax liabilities. Participants will gain a comprehensive understanding of the various types of audits conducted by the Royal Malaysian Customs Department on businesses registered under Sales Tax Act 2018. The seminar will equip participants with an adequate knowledge and understanding of the potential areas of audit by Customs, the pitfalls to avoid and consequences of non-compliance.

The programme will also include methods and ways to handle audit that may arise. It will also contain the common offences and penalties under the relevant Sales Tax legislations and Appeal Procedures.

 

Download Brochure and Registration Form from HERE

Training Date :
20th – 21st February 2025 (Hotel Armada Petaling Jaya, Selangor, Malaysia)

 

 

 

 

OBJECTIVES

  • Obtain sound knowledge of Sales Tax Act and Regulations
  • To provide an understanding of the types of audit and investigation
  • To be able to avoid pitfalls during the conduct of the audit and the possible areas that RMCD will focus
  • To be able to minimise potential tax liability that may arise during an audit and how to conduct yourself during an audit
  • To be able to handle a Sales Tax audit or investigation with confidence
  • To have an insight of the audit compliance requirements under the Sales Tax tax regime
  • Know the manner of maintaining records accounts and documents to bolster your case in the event of an audit

COURSE OUTLINE

Module 1:   Concept & Mechanism

  • Scope of Sales Tax
  • Relevant Legislations

Module 2: Compliance Audit Framework

  • Introduction
  • What is an Audit
  • Why Audit is necessary
  • Laws relating to Compliance Audit
  • Who can be audited
  • Audit Type & Venue
  • Visit to premises
  • Examination of Records
  • Scope of Audit
  • Rights / Responsibilities of Auditee
  • Audit Coverage
  • Audit Findings
  • Confidentiality
  • Appeals
  • Complaints

Module 3:   Types of Audit

  •  Compliance Audit
  • Refund Audit
  • Transaction Audit
  • Advisory Audit
  • Cancellation Audit
  • Large Tax Payer Unit (LTU) Audit

Module 4:   Sales Tax Valuation Audit

  •  Sales Tax (Rules of Valuation) Regulation 2018
  • Methods of Sales Tax Valuation
  • Identifying Valuation Problems

Module 5:   Treatment of  Designated Areas and Special Areas 

Module 6:   Audit of Exemptions / Facilities

  • Compliance requirement under Sales Tax  Exemption Order 2018
    • Schedule A – class of persons exempted
    • Schedule B – relief for non registered manufacturer
    • Schedule C – Lampiran C1,C3 and C5
  • Sales Tax Deductions

Module 7:   Audit of Sales Tax Refund and Drawback Claims

  •  Section 39 and 40 Sales Tax Act 2018
  • Amendment to Refund and Drawback 

Module 8:   Examination/Audit of SST-02 Returns

  •  Value of Taxable Goods sold, own use  and disposed otherwise than sale
  • Treatment of Exempted Sales
  • Purchases under Schedule A, B and C of Sales Tax Exemption Order 2018
  • Treatment of Credit Note / Debit Note
  • Sales tax treatment of Import/ Export
  • Treatment of Designated Areas / Special Areas
  • Amendments to the Returns
  • Bad Debt Refund & Recovery
  • Furnishing of accurate returns
  • Power to Assess

Module 9:   Common Mistakes 

  • Treatment of Import / Export
  • Claiming of Exemptions
  • Sales & purchases under Sales Tax Exemption Orders
  • Treatment of Subcontract / Farming Out
  • Treatment of Disposal of Scrap, Machines, Equipment and spare parts
  • Problems associated with invoicing
  • Compliance with Refund and Drawback conditions

Module 10:  The Review / Appeal Process

  •  Procedures & Requirements
  • Appeal to Director-General
  • Appeal to Customs Appeal Tribunal
  • Appeal to Minister of Finance
  • Appeal to High Court / Judicial Review 

Module 11:  Offences & Penalties

Download the Course Content in pdf from HERE

Methodology

A mixture of Power Points Presentation, Discussion and Case Studies.

Who should attend?

This course is specially for :

CEOs/ Managing Directors/ General Managers/ CFOs/ Finance Managers /Logistics/ Shipping/ Purchasing/ Export/ Import/ Business Development Managers and Executive

FACILITATOR

P.NADARAJA

LLB (Hons) Lond., CLP (Malaya), ACIS (UK), ACTIM

Click Here to download P.Nadaraja profile 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 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 a 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 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.

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 charges 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 adminstration 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 the 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)