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COMPLIANCE: THE KEY FOR GROWTH ROADSHOW AND MINI JOB FAIR FOR ACCOUNTING PROFESSION AT CONVENTION CENTRE, KUALA BELAIT

Revenue Division and Registry of Companies and Business Names, Ministry of Finance organized their second ‘Compliance: the Key for Growth roadshow and mini job fair for accounting professions’ on Thursday, 29th May 2014 at the Dewan Persidangan, Kuala Belait

The event started with the recital of Surah Al- Fatihah, followed by the welcoming remarks from the Acting Director of Revenue Division, Yang Mulia Awg Maswadi bin Haji Mohsin. Distinguished guests during the event included Belait’s District Officer, Yang Mulia Haji Harris bin Haji Othman, senior government officials and Senior Executives from local companies.  Also present were general public and job seekers for opportunities in the accounting sectors, which so far have gathered near 200 job applicants from the public during the first roadshow.

The roadshow is part of the continuous efforts undertaken by the Ministry of Finance in creating public awareness and better understanding on the tax system as well as on the registration of companies and businesses in Brunei Darussalam. A brief presentation regarding the importance of compliance towards the rules, regulations, ethics within the industry and obligations to the government was presented by officers from the Revenue Division and Registrar of Companies and business names.  Dk. Masleda binti Pengiran Daud did a presentation on System for Tax Administration Revenue Services (STARS), shows the convenience of filing a self-assessed tax return through STARS.

Additionally, BAG Networks Sdn Bhd CEO, Yang Mulia Dayang Haslina binti Haji Mohd Taib presented the online accounting software developed locally at affordable rates and JPKE shared information on the government scholarships provided through schemes supported by their department.

Other participants during the roadshow were Employee Trust Fund (TAP), Brunei Darussalam Deposit Protection Corporation (BDPC), BAG Networks Sdn Bhd, auditing firms, Brunei Institute of Certified Public Accountant (BICPA) and Cosmopolitan College of Commerce and Technology.

There was also a forum on accountancy professions by the resident partner from KPMG Brunei Hj Shazali bin Dato Haji Sulaiman, Haslina Taib CEO of BAG Network Sdn Bhd and Awg Makhtar bin Haji Abdullah CEO of Centre for Islamic Banking, Finance and Management (CIBFM) which shares the important role of accountants in supporting the development of the economy as a whole particularly in the growth of businesses to improve through better financial reporting and analysis.

There are two large story boards explaining the process of registration of companies and business names and information on Brunei’s tax system being displayed during the roadshow.  An interesting fact from the story board during the roadshow includes BSP Sdn Bhd was the first company to pay tax when tax on income was first introduced in Brunei in 1949.

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