ANNOUNCEMENT - Annual Dinner 2013

Dear Member / Student / Friend,

CTIM PERAK ANNUAL DINNER 2013

Friday, 26th April 2013, 7:30pm

Kinta Riverfront Hotel, Pusing Room, Ipoh, Perak

CTIM Perak Branch is pleased to announce its annual function “CTIM Perak Annual Dinner cum Members Get-Together” for Year 2013 will be held in the month of April this year. Time really flies and the year 2012 is now behind us. It is time for CTIM members and also CTIM students to meet at this annual function to renew our friendship and fellowship with one another again. For members in practice, it is also an opportunity to encourage and motivate our staff by inviting them to join this CTIM Perak function. Old friends and new friends may meet and share their 2012 experience and perhaps, resolutions for the New Year 2013; etc during this fellowship function.

This annual dinner and get-together provides also the opportunity to maintain the communication links between CTIM HQ and our members / students who are residing in the State of Perak Darul Ridzuan, and also foster fellowship among the Perak branch committee and the members in Perak.

Please come and join us in this Annual Dinner where we can meet and interact. We also encourage you to bring along your spouse and colleagues / staff. You will have the opportunity to meet some of the Council members as they would be among our invited guests.

Please register on or before 18th April 2013. For additional information, please feel free to contact our Branch Chairman, Mr. Chak Kong Keong (H/P: 012-5188119), Ms. Lim (Tel : 05-2415325, Fax: 05-2533492) or the undersigned.

Thank you!

Best Wishes,
Chuah Sze Tong (H/P: 019-4145166)
Organising Chairperson

Career talk at UTAR - 1 February 2013

The Universiti Tunku Abdul Rahman (UTAR) Kampar Accounting Club organised a career talk for students of the University.

CTIM Perak branch representative, Mr Loo Thin Tuck spoke on pursuing a career in taxation and encouraged students to take up the CTIM professional examinations towards achieving this goal.

The career talk was also attended by CTIM Perak branch chairman, Mr Chak Kong Keong and deputy chairman, Mr Lam Weng Keat.

This was followed by a short tour around the university.

IRB Dialogue with tax agents in Perak - 15 January 2013

The Inland Revenue Board (IRB) Ipoh Branch organised a half day event to have a dialogue with all tax agents in Perak on 15 January 2013 at its premises.

Before the event started, CTIM branch chairman and vice-chairman took the opportunity to have fellowship with the IRB's office bearers.

The dialogue started off with an opening address by Puan Wan Azni, IRB's State Director.

This was followed by short speeches by Mr Chak Kong Keong representing CTIM and Mr Lam Weng Keat representing MIA.

The event was attended by about 120 tax practitioners and 80 IRB officers.

Before the dialogue proper, Madam Ting Suk Tin from the Investigation Unit presented a briefing on how to file Form Q.

Some issues raised by the tax agents during the dialogue were as follows:-

• Tax refund
• Penalty on non-compliance with the monthly tax deductions (MTD)
• Assessments raised under Section 90 of the Income Tax Act 1967
• Finalisation of backlog cases

The IRB also raised some field audit and compliance issues during the dialogue.

It was a fruitful dialogue with both parties exchanging views on issues affecting the tax profession.

In addition, the parties took the opportunity to mingle during breaks.

The dialogue ended with momentoes and a lunch with the IRB indicating that it will organise a similar dialogue next year.

Terima kasih IRB Perak Branch!!

CTIM Perak 2013 Budget Talk - 25 October 2012

CTIM Perak’s 2013 Budget Seminar was held on 25 October 2012.

Malaysia’s Finance Minister and Prime Minister , Datuk Seri Najib TunRazak tabled the 2013 Budget proposals at the Dewan Rakyat on 28 September 2012. The theme of the speech was “Prospering the Nation, Enhancing Well-being of the Rakyat: A Promise Fulfilled”.

For the 2013 Budget, an amount of RM201.9 billion has been allocated for operating expenditure while for development expenditure; the amount allocated is RM49.7 billion. On the revenue side, the Federal Government is expected to generate RM208.6 billion. Based on the estimated revenue and expenditure, the Federal Government deficit in 2013 is expected to improve to 4% of GDP as compared with 4.5% in 2012.

The Budget focused on five key areas:-

Boosting investment activity;

Strengthening education and training;

Inculcating innovation, increasing productivity;

Fiscal consolidation and enhancing the public service delivery; and

Enhancing the well-being of the Rakyat

Among notable proposals were:-

The Government introduced proposals that essentially provide for two new business structures, namely the limited liability partnership (“LLP”) and the business trust, to be given the same tax treatment as a company.

For the rakyat, it has been proposed that with effect from YA 2013, the resident individual income tax rates will be reduced by 1% point for chargeable income bands up to RM50,000.

The event was well covered by the local press:

UTAR Career Talk 18 July 2012

Career talk by committee member and former Branch Chairman of CTIM Perak, Mr Loo Thin Tuck, at UTAR on 18 July 2012:-

Courtesy call to LHDN Taiping May 2012

Gala Dinner held in conjunction with the Perak Tax Forum 2012

The organising committee of CTIM Perak Branch has come together again to realise this event which serves as a common ground to foster fellowship amongst its members.

Extract of message from the Branch Chairman, Mr Chak Kong Keong:

Being the body responsible for matters concerning taxation in this country, CTIM’s members serve a very significant portion of the taxpayers in the country. They also play an important role in acting as a bridge between the Inland Revenue Board, Royal Malaysian Customs and the taxpayers in efficiently disseminating tax information and providing guidance to complying  the legislation. With such an important and responsible role in the Malaysian economy, CTIM is obliged and committed to ensure that our members are well informed of the latest development as well as changes in legislations and regulations.

For this objective, CTIM Perak has done its part by organising this forum cum dinner for the second time in Ipoh, Perak to cater for the needs of its members while extending an invitation to the other professional or commerce bodies and interested members of the general public in Ipoh.

I would like to take this opportunity to thank all our sponsors, donors and supporters who have contributed towards making this event a success. My sincere thanks go out to my committee members and CTIM HQ for their commitment, effort and time rendered towards the organisation of this event. A special not of thanks also goes to my organising chairman of the forum and gala dinner, Mr Lam Weng Keat and Ms Connie Wan, respectively.

The Guest of Honour, Mr Lew Nee Fook, sharing his views:

Pictorial highlights of the Gala Dinner:

Show time:

The Gala Night comes to an end.

A Big Thank You and Terima Kasih to ALL who have taken the time and effort to participate in this memorable day in the history of CTIM Perak Branch!!

PERAK TAX FORUM 2012 Session 4

Updates of Recent Tax Cases
Mr S. Saravana Kumar
Advocate and Solicitor, Tax Practice Group
Lee Hishamuddin Allen & Gledhill

PERAK TAX FORUM 2012 Session 3

Tax Incentives
Mr Alex Wong
Executive Director
Deloitte Kassim Chan Tax Services Sdn Bhd

Commentary from Mr Chuah Sze Tong moderated by Ms Connie Wan: