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1. |
MINUTES OF THE 2012 POST BUDGET TECHNICAL DIALOGUE HELD ON 2 APRIL 2012 WITH THE INLAND REVENUE BOARD (IRB) |
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Members are hereby informed that the minutes of the 2012 Post
Budget Technical Dialogue held on 2 April 2012, which were
recently issued by the IRB, can be viewed at the Institute’s
website at
http://www.mia.org.my/new/psp_taxation_circulars.asp?tid=3&rid=1.
Some of the key issues stated in the above minutes are
highlighted below: |
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No. |
Issues |
Page |
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2.1 |
Duty to furnish particulars of payment made to an agent, dealer
or distributor, etc. |
1-4 |
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2.3 |
Compensation for over-payment of tax |
6-9 |
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2.4 |
Time bar for tax audit |
10 |
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2.5 |
Enhancing administration system and tax compliance |
10-11 |
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3.2 |
Approved individual under Returning Expert Programme |
13-15 |
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4.5 |
Reinvestment Allowance |
25-27 |
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4.10 |
Donations to schools and registered places of worship |
30-32 |
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2. |
MINUTES OF THE CUSTOMS-PRIVATE SECTOR CONSULTATIVE PANEL MEETING NO. 1/2012 ON 2 MAY 2012 WITH THE ROYAL MALAYSIAN CUSTOMS (RMC) |
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Members are hereby informed that the minutes of the
Customs-Private Sector Consultative Panel Meeting No. 1/2012
held on 2 May 2012 issued on 8 June 2012 can be viewed at the
Institute's website at
http://www.mia.org.my/new/psp_taxation_circulars.asp?tid=3&rid=1.
Some of the key issues stated in the above minutes are
highlighted below:- |
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No. |
Issues |
Page |
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7.1 |
Sales tax and/or duties for spare parts of machineries |
35 |
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7.4 |
Deconsolidation activity at Public Bonded Warehouses |
36-37 |
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7.7 |
Red file system for Customs Assessment Officers |
39 |
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7.9 |
Government Departments does not apply for CJ(P)2 |
40 |
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7.10 |
Service tax chargeable on employment services |
41 |
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3. |
GOODS AND SERVICES TAX (GST) DRAFT GUIDES |
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Following the Institute’s Circular No. 52/2011, No. 41/2011 and
39/2011 dated 5 October 2011, 10 August 2011 and 27 July 2011
respectively, the RMC has issued additional GST draft guides
comprising the following:
a. GST Specific Guide
- Registration
- Tax Invoice and Record Keeping
The above GST draft guides are attached for members' attention.
Members are invited to submit their comments by sending email to
Tuan Mohd Hashim bin Mohd Nor at
m_hisham.nor@customs.gov.my. |
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Please be guided accordingly.
