0 FMM Seminar on Customs Tax Incentive under Customs Act 1967 and Related SST Rules by Royal Malaysian Customs Department
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Conference & Seminar

FMM
FMM Seminar on Customs Tax Incentive under Customs Act 1967 and Related SST Rules by Royal Malaysian Customs Department
Date : November 19, 2020
Time : 09:00 AM - 05:00 PM
Venue : Johor Bahru - Mutiara Hotel Johor Bahru
Country : Malaysia
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.

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

  Registration Fee (Per Participant)
No. of ParticipantsMemberNon Member
1 RM 636.00 RM 742.00
Registration Deadline: November 12, 2020
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