FEDERATION OF MALAYSIAN MANUFACTURERS (7907-X) FMM HOUSE, No. 1&3, Jalan Kencana Mas 1/1, Tebrau Business Park, Kawasan Perindustrian Tebrau III, 81100 Johor Bahru, Johor Darul Takzim. Tel: 607-3577613 Fax: 607-3577618 E-mail: [email protected]Website: www.fmm.org.my FMM Advocates Transparency, Integrity and No Corruption JB /25 / 2020 October 8, 2020 For the attention of: Logistics / Shipping / Import / Export / Business Development Managers / Executives / Those who are interested The Malaysian government provides various tax incentives for the private sectors to lower their cost of doing business in Malaysia. In particular, manufacturing sector is granted customs tax exemptions as provided under the Customs Act 1967 & Schedule A,B,C under the Sales Tax (Person exempted from Payment of Tax) Oder 2018 on raw materials, components, packing and packaging materials, manufacturing aids, machineries, equipment & spare parts to be imported/purchased locally. These tax incentives would in turn help to lower cost of production & make the products/services more competitive in the global economy. OBJECTIVES Understand the correct procedures, guidelines & customs regulations with regards to Customs duties exemption on raw materials & components, etc; How to use the self-declaration mechanism to apply for sales tax exemption on purchase of machinery, equipment and spare parts used in the manufacturing process Imposition/exemption of sales tax on sale by a sales tax registered person to PCA/ LMW/FIZ/DA/Oversea Introducing Approved Major Exporter Scheme (AMES) for sales tax exemption on purchase/import of raw materials, components, packing and packaging materials used by manufacturers of sales tax exempt goods. Understand online application on sales tax exemption under schedule A, B & C Subcontract work and its import duty & sales tax implication Bypassing MIDA tax exemption application by applying other Customs legislative tax Exemption Orders under Customs Duties (Exemption) Order 2017 Help manufacturers & company CEO to plan & make use of the tax exemptions offered by the government \ Interested participants are requested to complete and submit the registration form as attached by November 12, 2020. For further enquiries, please contact Puan Nurafni or Puan Norazian of the FMM Johor Branch Secretariat at Tel No : 07-3577613 or e-mail to: [email protected]/ [email protected]Sim BS (Ms) Senior Manager, FMM Johor Branch [email protected]NYZ /naz DATE : November 19, 2020 (Thursday) REGISTRATION FEES: TIME : 8.30am ~ 5.00pm FMM Members : RM636-00 / pax VENUE : Mutiara Hotel Johor Bahru Non-Members : RM742-00 / pax Jalan Dato Sulaiman, (Fees inclusive of course materials, Taman Kebun Teh, refreshments, lunch & 6% Service Tax) 80990 Johor Bahru
Transcript
FEDERATION OF MALAYSIAN MANUFACTURERS (7907-X)
FMM HOUSE, No. 1&3, Jalan Kencana Mas 1/1, Tebrau Business Park, Kawasan Perindustrian Tebrau III, 81100 Johor Bahru, Johor Darul Takzim. Tel: 607-3577613 Fax: 607-3577618 E-mail: [email protected] Website: www.fmm.org.my
FMM Advocates Transparency, Integrity and No Corruption
JB /25 / 2020
October 8, 2020
For the attention of:
Logistics / Shipping / Import / Export / Business Development Managers / Executives / Those who are interested
The Malaysian government provides various tax incentives for the private sectors to lower their cost of doing business in Malaysia. In particular, manufacturing sector is granted customs tax exemptions as provided under the Customs Act 1967 & Schedule A,B,C under the Sales Tax (Person exempted from Payment of Tax) Oder 2018 on raw materials, components, packing and packaging materials, manufacturing aids, machineries, equipment & spare parts to be imported/purchased locally. These tax incentives would in turn help to lower cost of production & make the products/services more competitive in the global economy.
OBJECTIVES
Understand the correct procedures, guidelines & customs regulations with regards to Customs duties exemption on raw materials & components, etc;
How to use the self-declaration mechanism to apply for sales tax exemption on purchase of machinery, equipment and spare parts used in the manufacturing process
Imposition/exemption of sales tax on sale by a sales tax registered person to PCA/ LMW/FIZ/DA/Oversea
Introducing Approved Major Exporter Scheme (AMES) for sales tax exemption on purchase/import of raw materials, components, packing and packaging materials used by manufacturers of sales tax exempt goods.
Understand online application on sales tax exemption under schedule A, B & C
Subcontract work and its import duty & sales tax implication
Bypassing MIDA tax exemption application by applying other Customs legislative tax Exemption Orders under Customs Duties (Exemption) Order 2017
Help manufacturers & company CEO to plan & make use of the tax exemptions offered by the government
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Interested participants are requested to complete and submit the registration form as attached by November 12, 2020. For further enquiries, please contact Puan Nurafni or Puan Norazian of the FMM Johor Branch Secretariat at Tel No : 07-3577613 or e-mail to: [email protected] / [email protected]
Date : November 19, 2020 (Thursday) Time : 8.30am - 5.00pm Venue : Mutiara Hotel Johor Bahru
Jalan Dato Sulaiman Taman Kebun Teh 80990 Johor Bahru Johor Darul Takzim
INTRODUCTION
The Malaysian government provides various tax incentives for the private sectors to lower their cost of doing business in Malaysia. In particular, manufacturing sector is granted customs tax exemptions as provided under the Customs Act 1967 & Schedule A,B,C under the Sales Tax (Person exempted from Payment of Tax) Oder 2018 on raw materials, components, packing and packaging materials, manufacturing aids, machineries, equipment & spare parts to be imported/purchased locally. These tax incentives would in turn help to lower cost of production & make the products/services more competitive in the global economy.
OBJECTIVE
Understand the correct procedures, guidelines & customs regulations with regards to Customs duties exemption on raw materials & components, etc;
How to use the self-declaration mechanism to apply for sales tax exemption on purchase of machinery, equipment and spare parts used in the manufacturing process
Imposition/exemption of sales tax on sale by a sales tax registered person to PCA/ LMW/FIZ/DA/Oversea
Introducing Approved Major Exporter Scheme (AMES) for sales tax exemption on purchase/import of raw materials, components, packing and packaging materials used by manufacturers of sales tax exempt goods.
Understand online application on sales tax exemption under schedule A, B & C Subcontract work and its import duty & sales tax implication Bypassing MIDA tax exemption application by applying other Customs legislative tax Exemption
Orders under Customs Duties (Exemption) Order 2017 Help manufacturers & company CEO to plan & make use of the tax exemptions offered by the
government
Enclosed are the programme details and registration form. The duly completed form should be submitted to FMM Johor Branch. For further details, kindly contact Ms Nurafni Yante / Ms Norazian
Date : November 19, 2020 (Thursday) Time : 8.30am - 5.00pm Venue : Mutiara Hotel Johor Bahru
REGISTRATION / PAYMENT
Registration form must be completed and returned to FMM Johor by
November 12, 2020. All Confirmed participants should make payment
prior to the event. Walk-in participants with payment will be admitted on
space availability basis. Upon sending the registration form, you are
deemed to have read and accepted the terms and conditions.
FEES
FMM Member : RM 636.00 / Person ( Inclusive of Service Tax) FMM Non Member : RM 742.00 / Person ( Inclusive of Service Tax)
(fees inclusive of course materials, refreshments and lunch)
PAYMENT METHODS
Payee name: FEDERATION OF MALAYSIAN MANUFACTURERS • Cheque or bank draft crossed Account Payee only. • Bank-in payment: to e-mail or fax deposit slip to FMM for
issuance of Official Receipt. Bank Name : Malayan Banking Berhad Account no : 5-01280-05654-2 SWIFT Code : MBBEMYKL
Please write the event name on the reverse side of the cheque or on the bank in slip.
REFUND OF FEES
Cancellation must be in writing to FMM. If cancellation is received: ∗ More than 14 days prior to event - full refund ∗ Between 7-14 days - 50% refund ∗ Less than 7 days of event - no refund
REPLACEMENT / CANCELLATION / NO‐SHOW
Replacement at no additional cost. FMM reserves the right to
cancel or reschedule the programme. All efforts will be taken to
inform participants of the changes. Participants who did not
turn-up at the events are liable for the full payment.
PROGRAMME DETAILS
Date : November 19 , 2020 (Thursday) Time : 8.30am - 5.00pm Venue : Mutiara Hotel Johor Bahru
Jalan Dato Sulaiman Taman Kebun Teh 80990 Johor Bahru Johor Darul Takzim
Please Register the Following Participants :- Kindly Circle whichever is applicable Name Designation Email Vegetarian Meal
1) YES / NO
2) YES / NO
3) YES / NO
(if space is insufficient, please attached a separate list)
Please Tick Appropriate Box :-
Enclosed Cheque / Bank Draft No. For RM Cheque to be handed in on the Day of Briefing / Posted on My Company Undertakes to Pay the Full Participation Fee within One Week after the Event (for Members only) Require Invoice Submitted by :-
Name : Designation : FMM Membership No :
Company Name :
Address Company :
Telephone No : Fax No : Email :
FMM Johor Branch
For further details, kindly contact Ms Nurafni Yante / Ms Norazian of the FMM Johor Branch secretariat at Tel No.07-3577613 or Fax No.07-3577618 or
Puan Maryani Binti Jamian (850702-01-6682) is the Assistant Director
of Customs Duties Exemption Section 14(2) and Drawback Section 99
Unit. She has attached with Customs Department for more than 10 years
and serving her current Department for 3 years.
Tuan Tan Chee Yong (831110-01-5471) is the Assistant Director of
Sales & Services Tax (SST) Unit. He has served Customs Department for
more than 7 years and has wide experiences in Customs Licensed
Manufacturing Warehouse, Export, GST and the SST.
08.30am Registration of Participants
09.10am
Introduction on tax incentive’s facilities
Understand the benefits that could gain from tax incentives; to lower the cost of production, to increase competitive edge
Persons to qualify for the exemption Registered sales tax manufacturers (RSTM) who cater more for domestic Markets; Manufacturers who do not belong to RSTM, LMW and FIZ : Sales tax exempt manufacturer
Criteria for tax exemption for manufacturing sector: Raw materials/components/machinery/equipment/spare parts used directly in the production Non-availability of raw materials locally Finished goods are more catered for domestic market Specification & prices differ Major Policy change on granting tax exemption in August 2017: Drawback Facilities New sales tax exempt procedure: Approved Major Exporter Scheme (AMES)
10.30am Tea Break
10.45am
Type of tax exemption:
Ways to obtain import duty exemption on raw materials & components Manufacturers who are licensed under the Industrial Coordination Act 1975 are entitled for import duty
exemption on importation of raw materials as listed in item 105 & 106, Customs Duties (Exemption) order 2017
Item 99, Customs duties Exemption Order on import duties exemption for importer of iron & steel products.
Qualified manufacturer for sales tax exemption on goods purchased Understand on the exemption’s condition; e.g: eligible quantity approved, extension period, and
get to know the Procedure of Application and the involved Authorities
Types of manufacturers qualify for exemptions
12.30pm Question and Answer Session
1.00pm Lunch Break
2.00pm
Role of Customs in enforcing provisions of the law under Customs Act 1967 & Sales Tax Act 2018 Control of Importation by using bank guarantee (only on raw materials and Components) while
waiting for MIDA tax exemption Control of Importation for company paying duty under protest while waiting for MIDA tax exemption Disposal of defective finished goods; raw material/component/machinery; manufacturing waste
Responsibilities of a person i.e. Manufacturer holding exemption facilities Impact of Sales tax on sale Sales tax exemption on sub-contract work & Temporary Import on machineries/equipment and
avoidance of tax Condition of re-import/re-export; Wind up; receivership; liquidation & Fire , Theft , Loss
3.30pm Tea Break
3.45pm Condition for non-compliance and aware with the penalties Remission of customs duty and Sales Tax Role of Customs Appeal Tribunal
4.45pm Question and Answer Session
5.00pm End of Programme
Programme Itinerary
Date : November 19, 2020 (Thursday) Time : 8.30am - 5.00pm Venue : Mutiara Hotel Johor Bahru
