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Sales tax is a single-stage tax imposed on taxable goods manufactured locally by a registered manufacturer and on taxable goods imported by any person. All goods manufactured in Malaysia by registered manufacturers or imported by any person are taxable unless they are specifically exempted by order of the Minister of Finance. In today’s business environment, there are many sales tax issues and challenges which are faced by manufacturers and importers.
Our distinguished moderator and panelists will discuss the related sales tax legislations, guidelines issued by the RMCD, reliefs and exemptions available for manufacturers and importers and will share their vast knowledge, experiences and the practical issues that can be beneficial to the participants.
• Recap on Sales Tax mechanism
• Sales Tax reliefs / exemptions / facilities
• Customs practices and common issues faced by manufacturers / importers
• Practical considerations
Raja Kumaran currently leads the Indirect Tax Advisory Group at PwC Malaysia. A former member of the MOF/Customs Sales and Service Tax (SST) team tasked to formulate a national value- added tax system in the 90s, he has worked with major clients on GST assignments. Raja has assisted several organisations to forward feedback and suggestions on GST implications to the Tax Review Panel. He has also represented PwC in consultations with the Tax Review Panel on the proposed draft GST Legislation.
Ng Sue Lynn joined KPMG in 2005 and has experience in both Corporate Income Tax and Indirect Tax. She advises on Malaysian tax issues and has assisted numerous leading overseas and locally headquartered multinationals. For Indirect Tax, Sue Lynn’s experience includes assisting her clients on the Sales Tax and Service Tax (SST) as well as Goods and Services Tax (GST) implementation, advisory, compliance and health check projects. She also advised clients on customs and trade matters. Sue Lynn is experienced in advising clients on the Price Control and Anti-Profiteering requirements. Sue Lynn is an approved HRDF Certified Trainer and a regular speaker at Indirect Tax seminars and workshops both locally and internationally.
Nicholas Lee advises on sales tax and service tax (SST) implications of business arrangements and transactions, and SST implementation projects. He engages in SST and Customs related assignments involving valuation matters, exemptions, compliance, classification, Free Trade Agreements, import facilities, ruling applications and due-diligence across various industries from air transport, automotive, financial services, information technology, insurance, logistics, manufacturing, oil and gas upstream services, telecommunications, to trading companies. Nicholas graduated from Birmingham City University with a MSc in Accountancy and Finance and is currently a member of the ACCA. He actively contributes to CTIM on Customs related policy issues.