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A post implementation, risk-based review of your GST controls and processes. Managing your GST risk Ensuring that you are in control of your business’ GST risk. With limited time to prepare for the introduction of GST, businesses in Malaysia have undergone a comprehensive change in order to be GST ready and to meet the 1 April 2015 deadline. Systems and processes change are now in place and GST has well and truly become an intrinsic part of running a business in Malaysia. But have you considered whether these changes have been properly implemented, and whether they are sufficient to manage your GST risk? Have you considered your GST noncompliance risk exposure? Are the controls and processes put in place adequate to manage your business’ GST risk? Are there other unidentified GST risk areas which are currently not being managed ? Contact us Raja Kumaran Executive Director [email protected] Phone +60(3) 2173 1701 Yap Lai Han Executive Director [email protected] Phone +60(3) 2173 1491 Wan Heng Choon Senior Executive Director [email protected] Phone +60(3) 2173 1488 About the Service With input from GST/VAT specialists from Australia, UK, Singapore and New Zealand, we have created a dedicated “GST Appraisal (Healthcheck)” programme to identify, document, test and evaluate the GST controls and processes put in place within your business during the implementation phase. With extensive experience working on GST implementation projects for a diverse range of industry sectors, we also aim to identify risk areas which have not been adequately addressed. We will provide practical guidance and recommendations on additional measures that your business can put in place to ensure your business is in the best position possible to minimise the risks of non-compliance. The Service Includes: • Identification of the risk areas which are relevant to your business. • Prioritisation of GST risks to identify those which require more extensive testing and evaluation. • Interviews with your key personnel to determine the currently existing controls and processes. • Walkthrough tests of controls of common business transactions and operations. • A report outlining our findings, potential gaps or weaknesses based on the controls and processes reviewed by us, along with other comments and recommendations to address these shortfalls for your consideration. Nicolaos Giannopoulos Executive Director [email protected] Phone +60(3) 2173 0833 Alternatively, you can also contact the PwC Tax Directors or Managers you are accustomed to dealing with to assist you. Talk to us Our “GST Appraisal (Healthcheck)” framework is designed to give you peace of mind, and will be tailored to your business’ unique GST risk profile and your concerns. Our fees will depend on the scope of the appraisal, the complexity of your business, and the number of risk areas reviewed by us. Speak to us to find out more about our offerings and to see whether this may be right for your business. PricewaterhouseCoopers Taxation Services Sdn Bhd (464731-M), Level 10, 1 Sentral, Jalan Rakyat, Kuala Lumpur Sentral, P.O. Box 10192, 50706 Kuala Lumpur, Malaysia T: +60 (3) 2173 1188, F: +60 (3) 2173 1288, www.pwc.com/my