27 Aug 2014 Circular No.

56/2014

TO ALL ACCOUNTANTS

REAL PROPERTY GAINS TAX (EXEMPTION) ORDER 2014 [P.U. (A) 229/2014] , STAMP DUTY
(EXEMPTION) (NO. 2) ORDER 2014 [P.U. (A) 230/2014] , REVISED GUIDELINES FOR THE
APPLICATION OR RENEWAL OF TAX AGENT FOR GOODS AND SERVICES TAX (GST TAX AGENT),
INLAND REVENUE BOARD OF MALAYSIA (IRBM) COUNTER IN URBAN TRANSFORMATION
CENTRE (UTC) JOHORE HAS BEGUN OPERATIONS , MINUTES OF THE WORKING GROUP
MEETING WITH THE IRBM ON 10 JUNE 2014 AND IRBM RESPONSE TO OPERATIONAL ISSUES
FOR DESIRE MEETING NO. 1/2014 .
1. TAX UPDATES AND DEVELOPMENT

1.1 REAL PROPERTY GAINS TAX (EXEMPTION) ORDER 2014 [P.U. (A) 229/2014]

The Order exempts any person from the payment of real property gains tax on the chargeable gains
accruing on the conveyance of any chargeable asset relating to the conversion of a conventional
partnership or a private company to a limited liability partnership (LLP) registered on or after 1 January
2013 until 31 December 2017, pursuant to Section 32 of the Limited Liability Partnership Act 2012.

The Order is deemed to have come into operation on 1 January 2013.

The Order is attached for members attention.

1.2 STAMP DUTY (EXEMPTION) (NO. 2) ORDER 2014 [P.U. (A) 230/2014]

The Order exempts stamp duty payment on all instruments of transfer of land, business, assets and
shares in relation to the conversion of a conventional partnership or a private company to a LLP, subject
to the conditions and application requirements set out in the Order.

The Order is deemed to have come into operation on 1 January 2013.

The Order is attached for members' attention.


2. OTHERS

2.1 REVISED GUIDELINES FOR THE APPLICATION OR RENEWAL OF TAX AGENT FOR GOODS
AND SERVICES TAX (GST TAX AGENT)

Following the updates on the issuance of GST Tax Agent Guidelines dated 18 July 2014 (MIA Circular
No. 47/2014), the Ministry of Finance (MOF) has recently issued the revised Guidelines for the
Application or Renewal of GST Tax Agent by inserting the following at the end of paragraph 2.1(b) of the
revised Guidelines:

Bagi mana-mana individu yang tidak mempunyai kelayakan seperti di 2.1(a), adalah wajib mempunyai
keahlian seperti di 2.1(b).

The revised guidelines can be downloaded at the link HERE.

2.2 INLAND REVENUE BOARD OF MALAYSIA (IRBM) COUNTER IN URBAN TRANSFORMATION
CENTRE (UTC) JOHORE HAS BEGUN OPERATIONS

The IRBM has on 22 August 2014 announced that the counter service at UTC Johore has begun
operations on 25 August 2014 at the address below:

Inland Revenue Board of Malaysia
UTC Johore Branch
Level 2 - UTC - 05 & 06
Galleria @ Kotaraya
Jalan Trus
80000 Johor Bahru

The centre will offer the following services:

Types of services Operating hours Page
Income Tax Consultation Daily (except on Public Holiday) 8.00 am 10.00 pm
Stamp Duty
(Payment services until 3.30 pm only) Sunday Wednesday 8.00 am 5.00 pm
Thursday 8.00 am 3.30 pm


To view the announcement, please refer to the IRBMs website at the following LINK.


2.3 MINUTES OF THE WORKING GROUP MEETING WITH THE IRBM ON 10 JUNE 2014

The minutes of the Working Group meeting with the IRBM which was held on 10 June 2014, can be
viewed at the Institutes 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:-

No. Issues Page
2.1.1 IRBs system not capturing the change in accounting year end 6
2.2.1 2015 PCB table 7
2.3.1 Allowance of e-Lejar for access by tax agent 8
2.3.2 Pre-filling of the return forms 9


2.4 IRBM RESPONSE TO OPERATIONAL ISSUES FOR DESIRE MEETING NO. 1/2014

The IRBM has reverted on the issue raised during the Desire Meeting held on 10 June 2014 pertaining
to the filing of Income Tax Return Form (ITRF) by dormant companies.

Members are advised to refer to IRBMs letter dated 18 August 2014 which can be viewed and
downloaded at the Institutes website at
http://www.mia.org.my/new/psp_taxation_circulars.asp?tid=3&rid=1.


Please be guided accordingly.


HO FOONG MOI
Chief Executive Officer