CPA Group

Friendly, Reliable & Professional
Taxation, Investment, Accounting & Company Registration

CPA Group

Friendly , Reliable & Professional
Taxation, Investment, Accounting & Company Registration

Management Team

 

CPA Group specialises in providing taxation, investment, accounting, incorporation and secretarial services to a broad group of clients, ranging from service related enterprises to construction and manufacturing entities, both local and international.

Our management team comprise of experienced, qualified professionals and retired government servants that are capable of delivering the highest standards of service, in their related areas of expertise.

Mr Ow Chong Fu

Mr Ow Chong Fu

Managing Director, CPA Group

Ms Ng Lee Chen

CPA Group Executive Director

Acting Head of Department, Accounting

She has more than 20 years of working experience in the field of Accounting, Taxation and Auditing. She graduated from Nelson University New Zealand and is an accredited Chartered Accountant of New Zealand and Malaysia.

Mr. Sharom Bin Othman

CPA Group Director

Tax Investigation

He was a former Assistant Director of Inland Revenue Board of Malaysia, attached for 22 years, in the Investigation and Intelligence Department.

Mr. Salamat Bin Othman

CPA Group Director

Government Liasion

He held various Local Authority positions in the district of Pontian for more than 18 years. He was Chairman for a number of Committees relating to Finance, Licensing, Health and Town Planning.

Madam Mary Lorette Pereira

CPA Group Advisor

Taxation

She served IRB for 35 years in Johor and Malacca. She was a former
IRB Head of Corporate Field Audit (JB Branch) who has extensive tax investigation
and tax audit experience dealing with corporate cases involving all types of companies.
As member of CTIM, she is an experienced speaker for seminars organised by IRBM,
CTIM & MEF.

Datin Noor Izzah Binti Mansoor

CPA Group Advisor

Tax Technical

Formerly the Johor State Director of Inland Revenue of Malaysia with more than 30 years of experience working in that organisation.

Ms. Stephanie Leong

Head of Department

Taxation

She has more than 12 years working experience in fields of Accounting and Taxation. Graduated from the University of Queensland Australia, she has attended many professional courses related to her expertise.

Dr. Cheah Foo Seong

CPA Group Advisor

Secretarial & Company Law

He was a Consultant, Past President and former Technical Director to the Malaysian Institute of Chartered Secretaries and Administrators
(MAICSA) . A prolific writer, he is author to several books relating to Secretarial & Company Law .

Latest News

 

Covid-19 effects won't impact 12th Malaysia Plan, says Tengku Zafrul

Covid-19 effects won’t impact 12th Malaysia Plan, says Tengku Zafrul

By Bernama – May 7, 2020 @ 10:26pm

The 12th Malaysia Plan (12MP) is not currently seen as being negatively impacted by the effects of the Covid-19 pandemic, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. – File pic

PORT KLANG: The 12th Malaysia Plan (12MP) is not currently seen as being negatively impacted by the effects of the Covid-19 pandemic, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said this was because the 12MP, which covers the 2021-2025 period, was a long-term economic plan and the government was also studying a targeted economic recovery plan which would be tabled at the end of this month.

“It (12MP) is a long-term economic plan which spans five years. Therefore, the effects of COVID-19 shouldn’t affect the 12MP.

“Nonetheless, the 2021 Budget, which is expected to be announced in October or November, should take into account current economic factors,” he told a media conference after a working visit to the Royal Malaysian Customs Department’s Northport office here today.

Asked on which aspects would be given focus when preparing the 2021 Budget, Tengku Zafrul said the government would stress more on efforts to revive the country’s economy.

He said in the wake of the Covid-19 pandemic, the government had drafted a six-phase plan to improve the economy, and during the tabling of the Budget, the economy would be in the Revitalise phase.

“The 2021 Budget tabling is viewed as coming under the fifth phase, which is the period for revitalising the economy,” Tengku Zafrul.

The first phase, Resolve, took place when the government started implementing the Movement Control Order (MCO).

This was followed by the Resilience phase (when the government announced the Prihatin package to assist the people and the economic sector) and then Restart, which means restarting the economy.

“It will take at least a month to see the effects (of the Restart phase),” he said.

The fourth phase in the 6R plan is Recovery.

“Hence the government’s plan at the end of this month is to announce a six-month economic recovery plan, which is on how we can restore the country’s economy,” he said.

After the fifth phase (Revitalise) that comes next, the plan will end with the Reform phase.

On the economic growth forecast for the year, Tengku Zafrul reiterated that the Gross Domestic Product (GDP) performance was expected to be lower than Bank Negara Malaysia’s forecast of -2 to 0.5 per cent growth announced on April 3.

He explained that the central bank’s projection was based on the early implementation of the MCO, before the government made further extension of more than two weeks.

“For this year, everything will depend on how we tackle the Covid-19 pandemic. We have begun reopening the economic sectors in stages and this is hoped, more or less, to help mend the country’s economy.

“The faster we tackle the pandemic, the faster we can rebuild our economy,” he said. – 

Bernama

IMF: Malaysia's GDP to grow 9% in 2021, fastest among ASEAN-5 countries

IMF: Malaysia’s GDP to grow 9% in 2021, fastest among ASEAN-5 countries

​The International Monetary Fund (IMF) has projected Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the ASEAN-5 countries which are expected to see a combined GDP growth of 7.8%

The International Monetary Fund (IMF) has projected Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the ASEAN-5 countries which are expected to see a combined GDP growth of 7.8%.

Besides Malaysia, ASEAN-5 includes Indonesia, Thailand, the Philippines and Vietnam which are set to expand by 8.2%, 6.1%, 7.6% and 7%, respectively.

For 2020, the Washington-based organisation forecast Malaysia’s economy to contract 1.7%, as the ASEAN-5 GDP shrinks 0.6%.

The IMF’s latest 2021 projection for Malaysia is higher than Fitch Ratings’ growth forecast of 5.8%.

Global growth is expected to rebound to 5.8% in 2021, well above trend, reflecting the normalisation of economic activity from very low levels, said the IMF in a report released yesterday.

It projected -3% global growth for 2020, which is largely affected by COVID-19 pandemic.

“The advanced economy group is forecast to grow at 4.5%, while growth for the emerging market and developing economy group is forecast at 6.6%,” it said.

In comparison, in 2010 global growth after the global financial crisis rebounded to 5.4% from -0.1% in 2009.

However, the rebound in 2021 depends critically on the pandemic fading in the second half of 2020, allowing containment efforts to be gradually scaled back and restoring consumer and investor confidence, the IMF said.

Significant economic policy actions have already been taken across the world, focused on accommodating public health care requirements, while limiting the amplification to economic activity and the financial system.

The projected recovery assumes that these policy actions are effective in preventing widespread firm bankruptcies, extended job losses, and system-wide financial strains.

Nonetheless, the level of GDP at the end of 2021 in both advanced and emerging market and developing economies is expected to remain below the pre-virus baseline.

As with the size of the downturn, there is extreme uncertainty around the strength of the recovery.

“Some aspects that underpin the rebound may not materialise, and worse global growth outcomes are possible — for example, a deeper contraction in 2020 and a shallower recovery in 2021 — depending on the pathway of the pandemic and the severity of the associated economic and financial consequences.”

Source: Bernama 

Posted on : 15 April 2020

Economic activities to fully rebound by Q3 this year: MIER

Economic activities to fully rebound by Q3 this year: MIER

https://www.mida.gov.my/home/10350/news/economic-activities-to-fully-rebound-by-q3-this-year-mier/

​Economic activities including trade and investment are expected to fully rebound by the third quarter of 2020 (Q3) and further strengthen through 2021 under the Malaysian Institute of Economic Research’s (MIER) best-case scenario

Economic activities including trade and investment are expected to fully rebound by the third quarter of 2020 (Q3) and further strengthen through 2021 under the Malaysian Institute of Economic Research’s (MIER) best-case scenario.

Under MIER’s worst-case scenario, production and trade will rebound but only up to 96 per cent -98 per cent by Q4 2020 and into Q1 2021 as well, said the think-tank’s chairman Tan Sri Dr Kamal Salih.

“For both scenarios, we take into account the government’s PRIHATIN total stimulus package of RM260 billion, with the supposition that only 20 per cent of the non-fiscal injection (RM225 billion) will be realised into new capital formation across the economy,” he told an online press conference on the MIER National Economic Outlook 2020/2021 Report today.

Kamal said MIER anticipates Malaysia’s real gross domestic product (GDP) in 2020 to grow by 3.8 per cent relative to 2019 or -0.29 per cent from the 2020 baseline, in line with both Bank Negara’s and World Bank’s expectations.

“In contrast, under the MIER worst-case scenario, real GDP is projected to contract by one per cent relative to 2019 and -4.9 per cent relative to the 2020 baseline.

“For both scenarios, the PRIHATIN stimulus is likely to cushion the decline in GDP by as much as RM50 billion or 3.6 per cent of projected best-case scenario GDP in 2020,” he added.

Meanwhile, MIER projects the Malaysian economy to grow further in 2021 by 4.3 per cent and 5.2 per cent in the best-case and worst-case scenarios respectively, or in real value terms 8.23 per cent and 4.1 per cent higher respectively than the 2019 levels.

“With new capital-technology injection and productivity increases, there is scope for a larger GDP growth in 2021 should the Covid-19 pandemic subside in Malaysia and world-wide, particularly within Malaysia’s main trading regions,” Kamal said.

Source: Bernama 

Posted on: 23 April 2020

MICRO-i KREDIT PRIHATIN By BSN

Operation Standard Guideline by MITI

Socso Benefits - EIS, ERP, WSP

Employer Must Pay Worker’ Wages During the Restricted Order Period

Customs Malaysia extends 31/03/20 due dates of SST submission to 15/04/20

IRB Announces Additional 2 Months Grace Period For Filing Tax Returns in 2020

SSM Announces Moratorium for 2 Weeks after 31st March 2020 & No Late Filing Fees

NEW INITIATIVE-RAISE THRESHOLD DEBT BY SSM