ACCA Tax Dialogue with Dr. Choong Kwai Fatt CIMA takes root in

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News from Professional Bodies
Association of Chartered Certified Accountants t
ACCA Tax Dialogue with
Dr. Choong Kwai Fatt
Participants at the
Tax Dialogue
ACCA organised the
ACCA Tax Dialogue with
Dr. Choong Kwai Fatt on
21 January 2009 at the
Concorde Hotel Kuala
Lumpur. Sixty-two participants from accounting
and finance backgrounds
attended the session.
The Tax Dialogue,
which addressed Single
Tier Dividend System Reinvestment Allowance specifically discussed the scope of Reinvestment Allowance
(RA), structure of companies, mode of financing —
Chartered Institute of Management Accountants t
CIMA takes root in the Philippines
Director, Employment and Strategic Direction of CIMA,
Rick Sturge exchanging the signed MoU with the National
President of PICPA Protacio T. Tacandong. Looking on are
(from left), Regional Director of CIMA South East Asia
Sopiah Suid, British Ambassador to the Philippines, Peter
Beckingham, Executive Vice-President of PICPA Antonio
P. Tecson and Executive Director of PICPA Francisco
Gonzales
CIMA is spreading its
wings and has reached
Philippine shores. CIMA
was formally launched on
17 December 2008 in Manila at a cocktail reception held at the residence
of the British Ambassador, Peter Beckingham.
At the event, Director,
Employment and Strategic Direction of CIMA
Rick Sturge, welcomed
cash, overdraft, hire
purchase and leasing,
computation, effect on
disposal of plant and
many others. With effect from the year 2008,
existing companies are
Dr. Choong elaborating his
placed on both imputapoints to the participants
tion system and single
tier dividend system on any dividend paid to the
shareholders. “Tax consideration is important when
considering which system to apply when paying out
dividends,” said Dr. Choong during the dialogue.
Participants took the opportunity to enquire and
discuss with Dr. Choong the topic to further enhance
their understanding of the subject throughout the
session. AT
high level company executives from public-listed
companies and multinationals in the Philippines.
Sturge presented CIMA development certificates to
Unilever and Shell.
CIMA also signed a Memorandum of Understanding with the Philippine Institute of Certified Public Accountants (PICPA). Members of PICPA will be automatically exempted from several papers of the CIMA
qualification.
Besides Sturge, CIMA was represented by Sopiah
Suid, Regional Director of CIMA South East Asia,
Tam Kam Peng, Head of Alliances and Learning Partnership, Ross Kamaruddin, Head, Business Development (South East Asia) and Amielia Mira, International Communications Manager. AT
CPA Australia t
“With the global financial crisis highlighting
the urgency for a thorough understanding
of ethics, governance
and strategic performance management, our
honorary members are
ideal role models for
our young members.”
Alex Malley, President,
CPA Australia
52
Three admitted as CPA
Australia honorary members
Datuk Sri Nazir Razak, Group Chief Executive Officer
of CIMB Group, Tan Sri Datuk Azman Hashim, Executive Chairman of Amcorp Group Berhad and Accountant-General Datuk Mohd Salleh Mahmud have
been admitted as honorary members of CPA Australia
for their outstanding contribution to the finance, accountancy and business profession in Malaysia.
The conferment ceremony was held at the residence of the Australian High Commissioner to Malaysia and was witnessed by Her Excellency Penny
Williams together with senior members of CPA
Australia including Datuk Mike Krishnan, Group
Chief Operating Officer of Green Rubber Global,
Tan Sri Datuk Rajandram Chellappah, Executive
Deputy Chairman of Rating Agency Malaysia and
Nik Mohd. Hasyudeen Yusoff, President of MIA.
“In considering the three individuals for honorary
membership, the board of directors of CPA Australia evaluated their significant contributions in Malaysia and recognised the value they bring to CPA Australia,” said its President Alex Malley who had made
a special trip from Melbourne for the ceremony.
“With the global financial crisis highlighting the
urgency for a thorough understanding of ethics,
governance and strategic performance management, our honorary members are ideal role models
for our young members,” said Alex.
“Growing the accountancy profession and attracting high-quality members is a major focus of CPA
Australia and is particularly relevant in the global financial crisis. Strategic business leaders and highly
qualified accountants will play a key role in helping
economies and businesses get back on track.” AT
ACCOUNTANTS TODAY • March 2009