MATTA is organizing for a customized training seminar cum workshop specifically for tour agents on GST Updates. This program is designed to provide fundamental GST training to staff along the GST supply chain of a tour / travel business. The course content is specially designed for the tour and travel industry, with examples and illustrations that are drawn in the context of tour and travel operations (where possible).
Learning Objectives
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Help to understand the basic rules on GST
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To covers special treatments granted by the Royal Malaysia Customs (RMC) for Travel Industry
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To develop from answers to the various MATTA Technical Memorandum submitted to RMC
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Incorporated the GST Guide for Travel Industry (dated 30th October 2017) issued by RMC
Benefits of Course
This course provides an efficient way for tour / travel staff to get to grips with the fundamentals of GST for travel industry. Staff can learn to spot obvious and common mistakes and minimize situations that give rise to penalties. This course is tailor-made for tour and travel business, and incorporates specific content for focused delivery.
Who should attend:
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Ticketing staff
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Accounting staff of tour / travel operators
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Tour budgeting / costing staff
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Staff involved in GST reporting for tour and travel operators
Seminar Programme
Part 1 - GST Fundamentals
GST Model
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Scope of GST
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Type of supplies where tour agents must ‘pay’ GST
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Zero-rated and Exempt Supplies relevant to tour & travel industry
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Zero-rated and Exempt Supplies tourists may sometimes ask tour agents
Output Tax
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‘Normal’ transactions that attract GST output tax
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‘Gift rule’ – GST on free gifts to tourists
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‘Imported services’ – GST on commission and other overseas payments
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Deemed supply – ‘special’ items chargeable to GST
Input Tax
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Input tax credit mechanism – how to claim GST input tax correctly?
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Simplified tax invoice vs full tax invoice – limitations in claim
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Blocked items – GST claim not allowed for these items
Other matters relevant to tour and travel industry
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Correct Price display on tour packages
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Tax invoice for ticketing and tour packages
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GST reporting cycle – deadlines to report GST
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Cash flow problems (e.g. MATTA Fair sales and hotel bookings)
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Bad debt relief
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Input tax credit forfeited
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General penalties
Part 2 : Issues unique to Tour and Travel Industry
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Principal VS Agent – this status totally changes GST exposure for travel industry
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Air Tickets – GST exposure depends on pricing and invoicing approach
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Code sharing arrangements and non-connecting flights
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Tour packages (e.g. GST mechanism for tour wholesaler to tour reseller to customer)
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Transportation (GST on ground arrangements)
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Deposits (e.g. hotel deposits and tour deposits – including cashflow impact)
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Designated Areas (tours to Langkawi, Labuan and Tioman)
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Commission income for cruises and tours
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Similar ‘tour / travel’ transactions with different GST treatments
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Visa arrangement fees
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Some common errors
Part 3 - Tax Codes & GST-03
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Overview of some relevant tax codes for tour and travel industry
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Accounting entry
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How GST tax codes are populated in GST-03 return
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Overview of the link between Profit and Loss and GST-03
METHODOLOGY
Participants will attend one day of lectures and interaction with the facilitators.
TRAINERS' PROFILES
Kenneth Yong Voon Ken
Kenneth is an approved company auditor, a licensed tax consultant as well as an approved GST consultant. He has spoken in various locations throughout East and West Malaysia for numerous organisations. He was also a speaker for a nationwide GST-awareness campaign jointly organised by a prominent University College and the Ministry of Finance.
Kenneth has also prepared various technical memoranda for submission by organizations to the Royal Malaysian Customs detailing out GST issues for solution. He is very active in writing technical articles on accounting, GST, investments and income tax which have been featured in the professional publications of the Malaysian Institute of Accountants (MIA), Chartered Tax Institute of Malaysia (CTIM) and the Association of Chartered Certified Accountants (ACCA).
In addition, Kenneth is a co-author of the 229-page “GST Navigator for Travel Industry” which has been recognized by the Royal Malaysian Customs as being the first specialized GST Manual to be officially published by an industry association in Malaysia. (Source: The Star)
Kenneth sits on the Editorial committee of CTIM where he reviews technical articles written by other tax experts; he himself contributes articles frequently on current issues. He is also an appointed Examiner for CTIM.
Kenneth is a member of MIA, CTIM and ACCA. He has a Masters in Accounting and Financial Management, and is a Chartered Financial Analyst (CFA) charter holder.
Lee Fook Koon
Lee is an approved company auditor and a licensed tax consultant. He is also the managing partner of a small-medium firm of Chartered Accountants, having been in practice for more than 30 years.
Furthermore, Lee frequently engages with top management, directors and business owners on various issues including management strategy, asset management and tax planning.
Lee has spoken in various locations throughout East and West Malaysia for numerous organisations (eg. Multi-National Companies, SMEs, firms of Chartered Accountants, Training House, and University College etc). He was also a speaker for a nationwide GST-awareness campaign jointly organised by a prominent University College and the Ministry of Finance.
Lee has co-authored technical articles which have been featured in the official publications of the Malaysian Institute of Accountants (MIA) and the Chartered Tax Institute of Malaysia (CTIM). He has also prepared a technical memoranda for submission by a prominent university to the Royal Malaysian Customs detailing out GST issues for solution.
Lee is a co-author of the 229-page “GST Navigator for Travel Industry” which has been recognized by the Royal Malaysian Customs as being the first specialized GST Manual to be officially published by an industry association in Malaysia. (Source: The Star)
Lee is an accredited Certified Trainer by the Human Resource Development Fund (PSMB). In addition, he is a member of MIA, CTIM and the Association of Chartered Certified Accountants (ACCA).
REGISTRATION & FEES:
Members interested to participate, kindly submit your registration to MATTA Secretariat; attention to Mazlina at mazlina@matta.org.my / Tel No +603 9222 1155 before 25 April 2018, 5.00 pm, with the following details:
DELEGATE NAME:
DESIGNATION:
COMPANY'S NAME:
COMPANY'S ADDRESS:
MATTA MEMBERSHIP NO:
MOBILE NUMBER:
EMAIL:
MATTA members will enjoy a special registration fee at RM 250.00 nett per person. Please remit payment to below account details:
Malaysian Association of Tour & Travel Agents
United Overseas Bank
Account Number : 195-303-900-7
Thank you.
CHRISTINA KONG
VP Education & Training
Term 2017 – 2019