Contributed by Elizabeth Ho Kar Yuen (Executive Officer)
Tuesday, 04 December 2007 04:05pm
KUALA LUMPUR, Tues: The Bar today met up with the
Inland Revenue Board of Malaysia (IRB) to discuss various matters relating to payment and
assessment of stamp duty payable under the Stamp Act 1949, particularly with
regard to the announcements in Budget 2008 on remission of 50% stamp duty on
residential properties worth less than RM250,000, and exemption of stamp duty on
transfer of properties between spouses.
The meeting was chaired by the Deputy Director-General of IRB,
Dato' Dr Mohd Shukor Bin Hj Mahfar and attended by 15 other officials from the
IRB HQ and State offices. The Bar team was led by the Chairman of the
Conveyancing Practice Committee (CPC), Roger Tan. Also present were the Chair of
Kuala Lumpur Bar Committee, Ravindra Kumar, CPC member, Sally Chee, Chairs
of Conveyancing Practice Sub-Committees of KL and Selangor Bars, Baljit
Singh Sidhu and Sumathi Murugiah respectively and several of their committee members.
The minutes of the meeting are being prepared and will be
submitted to IRB for confirmation shortly. However, the Bar was allowed to
circulate to members two explanatory notes on the aforesaid remission
and exemption. Pending the gazettal of the remission and exemption orders, the
remission and exemption are in force pursuant to section 80(1A)(i) of
the Stamp Act.
Aside the two main issues, the Bar's representatives also
raised several matters and feedback which were received from our members. We
hope to convey to members the IRB's views once the minutes have been confirmed
by them.
Meanwhile, the meeting also decided on the following:
1. to set up a liaison committee between the Malaysian Bar,
Sabah and Sarawak Bars and the IRB which will hold at least two dialogues every
year; and
2. to go on a roadshow on e-Stamping, e-Assessment, e-Payment
and e-Endorsement with the Bar; the first
of which is expected to commence in early January 2008.
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Talk on Summary Judgement (25 May 2012) Organised by the Selangor Bar Committee, this talk will take place at 5:00 pm, at the Selangor Bar Committee Auditorium, on 25 May 2012 (Friday). The talk will be conducted by Ramesh Supramanian. Click on the link above for more details.
Seminar on Tax Issues in Financial Transactions (25 May 2012) Organised by the Kuala Lumpur Bar Professional Development Committee, this seminar, featuring S Saravana Kumar, will take place at 3:00 pm, at the Kuala Lumpur Bar Auditorium, on 25 May 2012 (Friday). Click on the link above for more details.
Dialogue with Criminal Law Practitioners (26 May 2012) Organised by Bar Council, this dialogue will take place at 10:00 am to 12:00 pm, at the Raja Aziz Addruse Auditorium, Bar Council, on 26 May 2012 (Saturday). Click on the link above for more details.
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Talk on What Clients Want (7 June 2012) Organised by the KL Bar Practitioners' Affairs Committee, the talk, presented by Ong Eu Jin, will take place at 5:00 pm, at the KL Bar Auditorium, on 7 June 2012 (Thursday). Click on the link above for more details.
4th LAWASIA Family Law Conference, Penang (13 and 14 July 2012) Supported by Penang Bar Committee and the Malaysian Bar, this conference, themed “The New Global Family: Emerging Trends and Challenges to Family Practice”, will take place at Traders Hotel, Penang, on 13 and 14 July 2012 (Friday and Saturday). Click on the link above for more details.
KUALA LUMPUR, Tues: The Bar today met up with the
Inland Revenue Board of Malaysia (IRB) to discuss various matters relating to payment and
assessment of stamp duty payable under the Stamp Act 1949, particularly with
regard to the announcements in Budget 2008 on remission of 50% stamp duty on
residential properties worth less than RM250,000, and exemption of stamp duty on
transfer of properties between spouses.
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