Thursday 28 May 2015

The few silver linings of GST

One of the best positives to come out of the GST implementation in Malaysia is that Malaysians are more aware of their consumer rights than ever before. When you have sites set up like http://check-service-charge.herokuapp.com/, which was mentioned in a previous post, it goes to show the amount of effort that Malaysians will now go to to ensure their consumer rights are protected.

Monday 25 May 2015

WK Malaysia GST Compliance Conference in Singapore

Ever since the Malaysia Goods and Services Tax Act 2014 was gazetted in June 2014, there has been a lot of hype, both in Singapore and Malaysia, over the implementation of GST in Malaysia.

Now that the implementation date of 1 April 2015 is over, your business should already have a proper system in place to manage Malaysia GST. However, you may continue to face questions in the following areas:
  • are your Malaysian business partners charging you GST correctly? what recourse is available to you if your Malaysian business partners use GST to profiteer through indiscriminate price hikes?
  • when you enter into a new business contract, when do you need to charge GST and when should you exempt the transaction? what if the transaction is a composite or mixed supply?
  • have you prepared your GST return correctly? what are the potential areas for errors? when and how do you make adjustments to your GST return for debit notes and credit notes?
  • what types of records do you need to maintain for audit trail?
  • are there any GST schemes that you can take advantage of to improve your business' cash flow? should you consider GST group registration? can you apply for a ruling for your business supplies?

Friday 22 May 2015

Good news for social service professionals

Are you a new social worker looking to enter the workforce, or advance your career?


Guess what, social service professionals can now look forward to a pay increase of between three and 19% depending on their level of professional competency and skill levels, making it a more feasible career option!

Tuesday 19 May 2015

Veerinder on Malaysian Tax Theory and Practice launched!

The 3rd Edition of the WK book Veerinder on Malaysian Tax Theory and Practice is now available for purchase!

  
This latest 3rd Edition includes all the relevant legislative and administrative changes since the previous edition, up to 1 May 2015. It also includes a new chapter on Indirect Taxation, which details the pertinent aspects of the newly implemented Goods and Services Tax (GST), as well as an expanded collection of worked examples throughout the commentary.

Wednesday 13 May 2015
















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Monday 11 May 2015

WK Executive Events turns 15!

WK Executive Events is 15! Since its inception, WK Executive Events has gained increasing popularity and credibility among business professionals, and in fact, has developed its own fan base. The essence of WK Executive Events lies in:

  • relevant top-of-the-mind topics impacting businesses
  • reputable speakers who are experts in their respective fields
  • impartation of in-depth understanding of the issues
  • expert advice on dealing with the challenges
  • on-the-spot clarification by experts on specific issues 
  • real-life examples and case studies
  • networking and sharing opportunity with representatives from other businesses facing the same questions.


The Singapore Withholding Tax Masterclass: Compliance & Planning Explained, conducted by Sivakumar Saravan, Crowe Horwath First Trust Tax Pte Ltd

Friday 8 May 2015

Wolters Kluwer’s KL Appreciation Night

As part of its culture of appreciating staff contributions to its rapid growth, Wolters Kluwer KL recently rewarded some of its long serving staff. Some of the long serving staff include those who had worked more than 15 Years!


Wednesday 6 May 2015

Editor's Pick - How to save from GST

It has already been more than one month since the implementation of GST, what does this mean to consumers? Extra 6% tax on whatever we purchase (well... most of it). Here are the top 5 editor's picks on how to save from GST.

1. Avoid outlets with service charge



Being Malaysian, we love to eat. There are so many great food and beverage (F&B) outlets out there. But with the recent GST implementation, many of the  F&B outlets are required to charge the 6%. However, there are some restaurants out there that charge an additional 10% service charge.

One month extension for SST returns and payment of tax

The Royal Malaysian Customs Department (RMCD) has announced a one month extension (until 31 July 2021) for the submission of SST-02 forms an...