SYNOPSIS

This course is prepared to assist businesses in understanding matters with regards to GST treatment on the professional services in Malaysia, in particular the Engineering Consultancy Practices (ECP). The Goods and Services Tax (GST) is a multi-stage tax on domestic consumption. GST is charged on all taxable supplies of goods and services in Malaysia except those specifically exempted. GST is also charged on importation of goods and services into Malaysia. Payment of tax is made in stages by the intermediaries in the production and distribution process. Although the tax would be paid throughout the production and distribution chain, only the value added at each stage is taxed thus avoiding double taxation. A person who is registered under the Goods and Services Tax is known as a “registered person”. A registered person is required to charge GST (output tax) on his taxable supply of goods and services made to his customers. He is allowed to claim back any GST incurred on his purchases (input tax) which are inputs to his business. Therefore, the tax itself is not a cost to the intermediaries and does not appear as an expense item in their financial statements.

SPEAKER BIODATA

Mr Azahar bin Hamzah also currently is an Assistant Director of Customs in GST Division. He obtained his Bachelor Degree in Degree in Analytical Economics and Finance in 1997 have more than 18 years experienced in Finance industries as well in tax industries. Mr. Syukri obtained his degree in Bachelor of Accounting from Universiti Utara Malaysia, Malaysia in 2006 and started his career in May 2006 as an Assistant Auditor at Cheong Kam Tho & Co and started his career at Jabatan Kastam Diraja Malaysia from July 2008 till present as an Assistant Director of Customs in GST Division, Putrajaya.