Belanjawan 2019 dilaksanakan melalui Zero Based Budgeting.

https://efinancemanagement.com/budgeting/zero-based

Does Joint Management Body Taxable ?

Yes, according to Public Ruling 1/2015

Sebab - sebab wang kutu dilarang

http://www.ssm.com.my/Pages/Publication/Press_Release/2018/Aktiviti-Wang-Kutu-Yang-Terlarang.aspx

Kawalan modal ? Kembali ke arah dulu atau kita bergerak kehadapan

https://www.thestar.com.my/business/business-news/2018/10/17/bank-negara-governor-wants-options-on-capital-controls/

SSM Compound Discounts

SST Taxable Period

CASES INVOLVING CHIEF FINANCIAL OFFICERS IN MALAYSIA AND OTHER JURISDICTIONS

Case

Ooi Boon Leong v. Public Prosecutor [2011] MLJU 1104 

Details

This was an appeal from the decision of the High Court in the case against Tan Yeow Teck, the former Director and Chief Financial Officer of Mems Technology Berhad (“CFO”) and Ooi Boon Leong (“CFO”). Both the Appellants were charged under section 122B(b)(bb) of the Securities Industry Act 1983 for knowingly having authorised the furnishing of a misleading statement to Bursa Malaysia Securities Berhad relating to a listed Company called, Mems Technology Bhd (“Company”). The misleading statement was contained in the Condensed Consolidated Income Statements (“ICCS) relating to the revenue of the Company for the year 2007 as at 31st July, 2007. The said ICCS showed that the Company had revenue of RM73.416 million. The said information was misleading because the figure of RM73.416 million was made of a sum RM30.169 million of sales that did not take place. 

Judgement/Outcomes

Both the CFO and CEO pleaded guilty to the charge brought against them and the Sessions Court judge imposed on each of them a fine of RM300,000 and in default of payment of the fine, 6 months’ imprisonment. Both have paid the fine. However, due to the inadequacy of the sentence, the Public Prosecutor filed an appeal to the High Court against the sentence imposed by the Sessions Court. When the appeal came before the High Court, the High Court Judge enhanced the sentence by imposing a term of 6 months’ imprisonment in addition to the fine of RM300,000 and in default of payment of the fine 2 years imprisonment. Dissatisfied with the decision of the High Court, both the CFO and CEO appealed to the Court of Appeal. Having considered the grounds of the appeal, the Court of Appeal found no reason to interfere with the sentence imposed by the High Court Judge. The appeal was therefore dismissed and the decision of the High Court Judge was affirmed.

SOURCE : MIA

SC puts a halt to LavidaCoin promotional activities

KUALA LUMPUR (Sept 5): The Securities Commission Malaysia (SC) has issued a notice directing the promoter of LavidaCoin to cease all promotional activities effective immediately, pending further review by the regulator into the matter.

In a statement today, the SC said DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, which were found to be promoting LavidaCoin, have been added to the SC’s investor alert list at www.sc.com.my.

"Investors are reminded to be cautious and exercise due diligence before participating in any investment schemes, in particular those involving cryptocurrencies and digital tokens," it added.

On Aug 27, the SC announced that it was in the midst of reviewing all available information in relation to LavidaCoin to determine whether there has been any breach of securities laws.

Two days later, Bank Negara Malaysia reported that it had listed VI Profit Galaxy (DSV Cryptoclub and LUX Galaxies), the operator behind LavidaCoin, in its financial consumer alert list.

This followed a Utusan Malaysia report that cosmetics millionaire Datuk Seri Dr Hasmida Othman – better known as Datuk Seri Vida – was introducing her very own cryptocurrency called LavidaCoin.

SOURCE : THE EDGE

DUTIES AND RESPONSIBILITIES OF TAX AGENT

 (a) The conduct of a tax agent is governed by the Code of Ethics for Tax Agents issued by IRB which is based on principles of integrity, accountability, transparency and efficiency and as prescribed under S. 153 of the ITA;.

 (b) A tax agent is expected to carry out his duties in the following manner:

 • Professional and fully conversant with tax laws and practices;

 • Act with integrity, be honest, trustworthy and transparent, and fully cooperate with the taxpayer and IRB;
 • Give the best advice to the taxpayer and inform the taxpayer of his responsibilities under the tax laws;
 • Give accurate feedback on the progress of the investigation and advise the taxpayer based on the true facts of the case;
 • Safeguard the confidentiality of all information and ensure that information is not disclosed to any unauthorised party; and

 • Notify the IRB immediately upon cessation as tax agent to the taxpayer.

(c) The tax agent is prohibited from:
• Using information obtained in his position as a tax agent for personal advantage;

 • Delaying the investigation process or failing to perform his responsibility; and

• Giving any gift or payment which may be construed as a bribe to the officer


SOURCE:MIA, BUDGET BOOKLET

KELAYAKAN BAGI EJEN CUKAI SEKSYEN 153(3) (b) dan (c), AKTA CUKAI PENDAPATAN 1967

 1. Mempunyai kelulusan seperti di Jadual Pertama Bahagian I, Akta Akauntan 1967 dan lima (5) tahun pengalaman praktikal (selepas kelulusan) dalam bidang percukaian pendapatan dengan Kerajaan atau swasta; 

2. Ahli kepada mana-mana persatuan akauntan yang diiktiraf oleh Kerajaan Malaysia seperti di bawah Jadual Pertama Bahagian II, Akta Akauntan 1967 dan lima (5) tahun pengalaman praktikal (selepas menjadi ahli persatuan) dalam bidang percukaian pendapatan dengan Kerajaan atau swasta; 

3. Mempunyai kelulusan akademik di peringkat ijazah pertama dalam bidang perniagaan dan ekonomi daripada Institut Pengajian Tinggi Awam (IPTA) atau Institut Pengajian Tinggi Swasta (IPTS) yang diiktiraf oleh Kerajaan Malaysia dan lapan (8) tahun pengalaman (selepas kelulusan) dalam bidang percukaian pendapatan secara praktikal dengan Kerajaan atau swasta;

 4. Lulus dalam peperiksaan Kursus Lanjutan anjuran Lembaga Hasil Dalam Negeri dan lima (5) tahun pengalaman praktikal dalam bidang percukaian pendapatan dengan Kerajaan atau swasta;

 5. Lulus dalam peperiksaan Kursus Permulaan anjuran Lembaga Hasil Dalam Negeri dan semasa bekerja dengan Lembaga Hasil Dalam Negeri berpangkat Pemeriksa ke atas serta 10 tahun pengalaman praktikal dalam bidang percukaian pendapatan dengan Kerajaan atau swasta;

 6. Seseorang yang telah lulus dalam Kursus Ejen Percukaian anjuran Lembaga Hasil Dalam Negeri (Skim Latihan Khas); 

7. Ahli kepada Institut Percukaian Malaysia (MIT) dan lima (5) tahun pengalaman praktikal dalam bidang percukaian pendapatan dengan Kerajaan atau swasta; 

8. Ahli kepada The Malaysian Institute Of Chartered Secretaries and Administrators (MAICSA) dan lima (5) tahun pengalaman praktikal (selepas menjadi ahli persatuan) dalam bidang percukaian pendapatan dengan Kerajaan atau swasta; 

9. Ahli kepada Persatuan Setiausaha Syarikat Malaysia (MACS) yang mempunyai kelulusan akademik di peringkat ijazah pertama dalam bidang undang-undang daripada Institut Pengajian Tinggi Awam (IPTA) atau Institut Pengajian Tinggi Swasta (IPTS) yang diiktiraf oleh kerajaan Malaysia dan lima 5 (5) tahun pengalaman (selepas kelulusan) dalam bidang percukaian pendapatan secara praktikal dengan kerajaan atau swasta; dan 

10. Ahli akademik yang mempunyai 5 tahun pengalaman mengajar dalam bidang percukaian di peringkat diploma dan ke atas di mana-mana Institut Pengajian Tinggi Awam (IPTA) atau Institut Pengajian Tinggi Swasta (IPTS) yang diiktiraf oleh kerajaan Malaysia serta mempunyai syarat kelayakan seperti di Jadual Pertama Bahagian I dan II Akta Akauntan 1967. 

SUMBER : LHDN

Apakah itu XBRL ?

eXtensible Business Reporting Language (XBRL)

Malaysian Business Reporting System

Suruhanjaya Syarikat Malaysia (SSM) akan memperkenalkan platform serah simpan berdasarkan format eXtensible Business Reporting Language (XBRL) pada tahun 2018.

Platform ini akan dikenali sebagai "Malaysian Business Reporting System" (MBRS) yang membolehkan serah simpan khusus bagi pelaporan tahunan dilakukan iaitu: 

• Penyata Kewangan dan Laporan (FS);
• PenyataTahunan (AR); dan
• Permohonan Pengecualian (EA) yang berkaitan dengan FS dan AR.

Prinsip pembangunan sistem tersebut adalah berdasarkan peruntukkan akta atau piawaian berikut:

1. Akta Syarikat 2016 (AS 2016); 

2. Penggunaan piawaian perakaunan yang bersesuaian sama ada :

a. Malaysian Private Entities Reporting Standards (MPERS) untuk syarikat persendirian iaitu -

• tidak dikehendaki untuk menyediakan atau menyerahkan apa-apa penyata kewangan di bawah mana-mana undang-undang yang ditadbir oleh Suruhanjaya Sekuriti Malaysia atau Bank Negara Malaysia; dan
• bukan anak syarikat atau syarikat bersekutu, atau dikawal bersama oleh, syarikat yang dikehendaki menyediakan atau menyerahkan apa-apa penyata kewangan di mana-mana undang-undang yang ditadbir oleh Suruhanjaya Sekuriti Malaysia atau Bank Negara Malaysia; atau 

b. Malaysian Financial Reporting Standards (MFRS) untuk syarikat awam. 

SUMBER : SSM, MIA

Directors' Report, Statement by Directors, Statutory Declaration and Auditors' Report effects after Companies Act 2016

SSM informed that for financial statements for the period/year ended on or before 30 January 2017, it will accept the accompanying  reports dated on or before 31 July 2017 that comply  with either :

(a) the requirements under the Companies Act 1965; or

(b) the requirements under the Companies 2016

SSM takes the position that after 31 July 2017, the accompanying reports should comply with requirements under the Companies Act 2016.

Akta Syarikat 2016 - Pembahagian dividen / keuntungan

Tertakluk seksyen 132, syarikat boleh membuat pengagihan keuntungan kepada pemegang syer, jika syarikat dalam keadaan solven.

Syarikat dianggap solven sekiranya mampu membayar hutang dalam masa 12 bulan selepas pengagihan keuntungan dibuat. 

SURUHANJAYA SYARIKAT MALAYSIA (SSM) PANTAU KES PENIPUAN SKIM PELABURAN

Kuala Lumpur, 29 April 2015 - Suruhanjaya Syarikat Malaysia (SSM) ingin merujuk kepada laporan media berhubung ahli perniagaan bergelar Datuk yang sedang diburu oleh Polis Diraja Malaysia dan Kerajaan Thailand kerana disyaki menjadi dalang kes penipuan skim cepat kaya membabitkan lebih dari 100,000 mangsa di seluruh dunia.

SSM sedang memantau syarikat yang dikaitkan dengan ahli perniagaan tersebut dan akan mengambil tindakan penguatkuasaan yang sewajarnya sekiranya didapati syarikat terbabit melanggar sebarang peruntukan Akta Syarikat 1965 termasuk mengambil tindakan menggulungkan syarikat berkaitan jika didapati operasi yang dijalankannya adalah menyalahi undang-undang di Malaysia.

SSM memandang serius penglibatan syarikat yang diperbadankan di bawah Akta Syarikat 1965 dalam penganjuran skim pelaburan haram. Dalam konteks ini SSM sentiasa komited dalam memastikan kepentingan orang awam terpelihara melalui penguatkuasaan undang-undang yang ditadbir urus olehnya.

Dalam masa yang sama SSM mengingatkan orang ramai agar sentiasa berhati-hati sebelum menyertai sebarang skim pelaburan yang menjanjikan pulangan tinggi bagi mengelakkan ditipu dan mengalami kerugian dengan menyemak terlebih dahulu latar belakang penganjur.

Bagi pengesahan status syarikat, orang ramai boleh datang secara peribadi ke pejabat SSM yang berdekatan, menghubungi Pusat Panggilan SSM di talian 03 77214000 atau melalui e-mel enquiry@ssm.com.my atau mengunjungi laman web www.ssm.com.my.

DIKELUARKAN OLEH : SURUHANJAYA SYARIKAT MALAYSIA (SSM)
TARIKH : 29 APRIL 2015