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Regional News
Mr. L.L. Koong, Director of Reanda International, was Named One of the World Outstanding Young Leaders
Thursday, 02 May 2019 07:15

Mr. L.L. Koong, director of Reanda International and managing partner of Reanda Malaysia was named one of the 10 World’s Outstanding Young Leaders. The World’s Outstanding Young Leader Award is a highly-prestigious award given by Yazhou Zhoukan, one of the most popular Chinese language international affairs newsweekly.

The award ceremony was held at Reanda Hongkong Hotel in Hong Kong on 25 April 2019 in conjunction with celebrating 31st Anniversary of the said magazine.

This award is given to the young leaders from around the world that have exemplify the best in leadership and contributed immensely in their respective countries and societies.

Mr. LL Koong is one of the leading expert in accounting and taxation field in Malaysia.  Apart from his professional works, he is also devoted himself to numerous NGOs across the country to share his immense knowledge to benefit SMEs in Malaysia.

Over the years, he has served multiple social positions, such as National Council Member of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), Head of Taxation Taskforce cum Deputy Chairman of ACCCIM Commerce and SMEs Committee; Vice President of the Federation of Hakka Association of Malaysia and President of its Youth Section; Member of the Task Force on Banking and Insurance Services, Central Bank of Malaysia; Overseas Committee member of Overseas Exchange Association of Guangdong Province, China; Advisory Board Member of Secretariat for the Advancement of Malaysian Entrepreneurs (SAME), Prime Minister’s Department; Board member & Audit Committee Chairman of SME Corp Malaysia, Ministry of Entrepreneur Development Malaysia; Council Member of Chartered Tax Institute of Malaysia (CTIM) & Chairman of its Membership Committee; ACCCIM Representative to GST and SST Technical Committee, Royal Malaysian Customs, etc.

During his tenure as a president of the Federation of Hakka Association of Malaysia Youth Section, Mr. Koong was enthusiastic to develop youths and cultivate their leadership skills. He actively led the Hakka youths in participating to the local and International economy and cultural exchange activities.

He is a highly dedicated and energized young leader, he managed to demonstrate his excel leadership when he was elected as Head Delegate of the 5th Chinese Economy Senior Training Course for Overseas Chinese Young Entrepreneurs in University of Jinan, Province Guangdong, China. Mr. Koong was also the first person in receiving "2011 the World Top 10 Outstanding Overseas Chinese of Guangdong Origin” from Malaysia.

Mr. Koong has been appointed as the Board of Director and Advisor of government agencies for SMEs matters. He is also a prominent speakers in Malaysia and was frequently approached by local and international media to give his professional views and advises focusing on SMEs issues, National Budget, Tax Policies, and other related issues.

He is also an international accredited speaker. He is regularly invited to speak at numerous international symposiums sharing his hand on professional experience, such as in the events that were organized by Chinese Business Chamber of Mauritius, the Institute of Chartered Accountants Indian – Western India Regional Council, Institute of Financial Accountants in Hong Kong, and etc. He had been invited by local and international universities including Xiamen University of China, University of Tunku Abdul Rahman of Malaysia (UTAR) and etc, to share and deliberate with experts, scholars and students on the economy issues, international situation and SMEs development.

Mr. Koong is the author of taxation books i.e. “Be taxwise, Be rich!” 2012, & 2013 version of which was listed as one of the top 10 Best Seller Book of Chinese professional taxation books in Kinokuniya Bookstore in Malaysia. He is also the author of “New Age GST!” 2014, “New Age GST-Simplified Version” 2014 & “Old Master Q and GST!” 2015.

Mr. Koong is committed to fulfil his social duty. He has been appointed as auditors in a variety of charities, i.e. “Hope & Smile” charity fundraising project organised by world professional badminton player, Datuk Lee Chong Wei for the earthquake-tsunami victims in Japan. He is also appointed as the Chief of Selection Panel of Sin Chew Education Fund by Sin Chew Daily, the leading Chinese language newspaper in the country.

In grateful appreciation for his significant contributions to the country and the society, Mr. Koong was awarded Ahli Setia Negeri Sembilan (“ANS”) by His Royal Highness Yang Dipertuan Besar of Malaysian State of Negeri Sembilan (namely “LOYAL MEMBER OF THE STATE” by the King) in year 2005; Honorable Major of the People’s Volunteer Corps, RELA in 2011; and Justice of Peace (“JP”) by Yang di-Pertua Negeri Melaka, Malaysia (Ceremonial Head of State of the Malaysian State of Malacca) in 2012.

Mr. Koong is a passionate believer in the sharing of knowledge with others. It’s part of what drives him to keep committed himself to pass on his experience and specialization in rendering advisory and consultancy to business community, clans, Chinese businessmen and SMEs. Over the years, this commitment is what drives him in his current role and has shaped his reputation and recognized leader in the country.

L.L. Koong was awarded the “The World’s Outstanding Young Leader Award”

Reanda Hong Kong and Reanda Malaysia partners attend the award ceremony to congratulate L.L. Koong on this significant occasion

 
Reanda International hosted the first Asian regional meeting in Japan
Wednesday, 10 April 2019 00:00

 

Reanda International hosted the first Asian regional meeting on 9 April 2019 in Reanda Japan’s Tokyo head office. Some 15 partners and personnel from 10 network firms across China, Hong Kong, Japan, Malaysia, Australia, Vietnam, Indonesia, Nepal, Pakistan, Taiwan took part in the meeting through either physical attendance or video conferencing. The meeting was also attended by Mr. Huang Jinhui and Mr. Franklin Lau, Chairman and CEO of Reanda International respectively.

The meeting began with an opening remark addressed by Chairman Mr. Huang. Mr. Huang highlighted the achievement of the network over the past 10 years as spearheaded by the Asia region while sharing with members the long-term development strategy of the network to assist members to grow further and to increase the referral volume of the network. It was followed by a speech given by the CEO to update the latest regional development and introduce Reanda’s new East Asia and Oceania region to be launched later this year for the purpose of enhancing the regional development. After that was a spectrum of presentation given by members to introduce the latest firm development, noteworthy local rules and regulations of their respective countries latest current and potential cooperation members in the same region or beyond,??? as well as their experiences of job cooperation with fellow members. At this regional meeting, various initiatives were discussed and agreed upon which included but not limited to ways in facilitating the development and cooperation of members within and beyond Asia. The meeting was rounded off with a office tour in Reanda Japan’s Tokyo head office.

The regional meeting offered Asian members brilliant opportunity to network and mingle with each other in order to facilitate mutual collaboration and exchange of successful cooperation experience.

Presently in Asia there is South East Asia & South Asia Region with 8 network firms from Malaysia, Singapore, Indonesia, Cambodia, India, Vietnam, Nepal, Pakistan included as overseen by the regional president Mr. LL Koong, managing partner of Reanda Malaysia.7 network firms from Hong Kong, Macau, Taiwan, Japan, South Korea, Australia and New Zealand shall be included in the new East Asia and Oceania region. While a regional president shall be appointed for any regions with five or more network firms, the election of regional president for the East Asia and Oceania region shall be held in due course later this year.

The first Asian regional meeting was held in Reanda Japan’s Tokyo office on 9 April 2019


Opening remark addressed by Chairman Mr. Huang

Taking group photo with members both online and offline

The meeting was rounded off with an office tour in Reanda Japan’s Tokyo head office


 

 
Reanda Nepal held a seminar on updates of legal and taxation system of Nepal for Chinese entrepreneurs in Nepal
Monday, 25 March 2019 00:00

On 23 March 2019, Reanda Nepal hosted a business services seminar for Chinese enterprises at Annapurna Hotel in Kathmandu. The seminar, focused on updates of the local legal and taxation system,was well attended by over 120 guests, including honorable guest Mr. Zhang Fan, Minister Counsellor of the Economic and Commercial Counsellor's Office of the Chinese embassy in Nepal along with Mr. Zhu Qingjun, General Secretary of the Chinese Enterprises Association in Nepal,  representatives from the Chinese enterprises in Nepal as well as Mr. Franklin Lau, the CEO of Reanda International.

The program commenced with opening speech delivered by Counsellor Zhang and followed by keynote speech given by Mr. Franklin Lau and Mr. Bharat Rijal, managing partner of Reanda Nepal. During the seminar, Mr. Anjan K Dahal, Mr. Bhava Nath Dahal and Mr. Bishnu Bhandari, partners of Reanda Nepal, highlighted various aspects including but not limited to the Foreign Direct Investment (FDI) policies in Nepal, company registration requirements and relevant approval process by the Nepal Rastra Bank (NRB), regulations on building permits and labor law as well as different features of tax system in Nepal. The seminar was a resounding success with overwhelming responses from representatives of the Chinese enterprises during the Q&A session.

Organizing such a informative seminar is not only strengthening the connection between Reanda Nepal and Chinese-tier enterprises, but also a brilliant opportunity to further enhance the Reanda brand profile in Nepal.

Reanda Nepal held a seminar on updates of legal and taxation system of Nepal for Chinese entrepreneurs in Nepal on 23 March 2019

Mr. Zhang Fan, Minister Counsellor of the Economic and Commercial Counsellor's Office of the Chinese embassy in Nepal delivered opening speech

Representatives from the Chinese tier enterprises were actively involved in the Q&A session

Reanda Nepal and CEO Mr. Lau took photo with Counsellor Zhang after the seminar

 

 
Reanda International holds on to its 24th place in International Accounting Bulletin 2019 World Survey
Monday, 11 March 2019 06:50

According to the International Accounting Bulletin (IAB) 2019 World Survey, Reanda International holds on to its 24th amongst the international accounting networks. Currently, Reanda International is represented by 35 network firms with more than 125 offices and 4,000 professionals, and a global aggregate fee income of USD222.4 million.

Based on the aggregate fee income in 2018, Reanda International excelled with a growth rate of 16% while the number of professionals was increased by 12% with an addition of 440 personnel by the end of 2018. A combination of factors contributed to the growth including the admission of 5 new network firms in Egypt, the Netherlands, Poland, Mozambique and Belarus, the overall growth of the existing network firms as well as the strong momentum of referral within the network which experienced a significant increase of 52% in volume comparing to 2017.

In 2018, all regions experienced Impressive development, especially the Asia Pacific region and Europe regions who delivered remarkable performance throughout the year; Reanda China (+13%) keeps leading the way while the network firm India (+82%), Indonesia (+53%) and Nepal (+50%) caught up substantially by recruiting new clients alongside with organic growth of the firms, which brought this region a total of 14% growth in 2018. Moreover, the fast growing Europe region reached a notable increase of 36% contributed by the admission of 3 new network firms in 2018 as well as the outstanding performance of Reanda Italy(+52%), Malta(+46%) and Cyprus(+27%) who endeavored to expand their client profile and recruit new staff to support the diverse needs of clients. Reanda’s service line fee shares remain similar to previous years across the network, audit and accounting service, tax service, advisory service and others accounted for 40%, 13%, 11% and 36% respectively.

In the year of 2019, Reanda International shall keep expanding its presence globally by recruiting quality and sizable firms in different regions as to enhance the ability to serve multinational clients and continue to explore potential cooperation amongst the network firms.

Please see below full ranking table:

 
Hong Kong partner Mr. Tanny Yu elected as President of the Society of Chinese Accountants & Auditors (SCAA)
Monday, 31 December 2018 08:00

Reanda International is delighted to announce that Mr. Tanny Yu, partner of Reanda Hong Kong, has been elected to the President of the Society of Chinese Accountants & Auditors (“SCAA”) for a term of one year after the conclusion of the Society's Annual General Meeting on 14 December.

The SCAA is an incorporated body of professional accountants in Hong Kong established since 1913. Nowadays, SCAA has some 1,500 members including ordinary members who are practising accountants (auditors having practicing certificates and are qualified to sign audit reports) and affiliate members who are non-practising accountants. Their ordinary members, who are audit partners, represent a significant number of practising firms of accountants in Hong Kong. The SCAA aims to provide a platform for professional development and to serve as a technical support partner for members and their staff. In addition to its core role in the accounting industry, the SCAA has been catering to the care and needs of the community in Hong Kong.

The SCAA celebrated its 105th anniversary by organizing the first World Chinese Accountants Conference in Hong Kong in June 2018. The Chief Executive and the Financial Secretary of Hong Kong Special Administrative Region were the event’s Guests of Honor. Furthermore, the SCAA has received more than 8,000 attendants in 2018 in various seminars, forums, visits and other activities.

On this occasion, Reanda International would like to extend our congratulations to Tanny on achieving this professional milestone.

 
Reanda International Annual Conference 2018 in Beijing, China
Thursday, 22 November 2018 00:00

Reanda International's 2018 Annual Conference was held from 18 to 20 November 2018 in Beijing, China. The conference was well attended by over 210 partners and professionals from Reanda International network firms, who shared their professional insights, ways of cooperation and explored cross-border opportunities.

While our network aims to service multinational clients that have service needs in many countries, we always looks at ways to assist members in exploring new business opportunities and winning new international clients. With the strong momentum of growing referrals within the network, this year’s theme “Ready for International Clients?” is closely aligned with our abovementioned initiatives, aims to spark members’ ideas and reflection on how to enhance the firm’s capacity and get ready to serve the international clients.

On the 18th November was the 2018 Belt and Road Business Services Forum jointly organized by  Reanda International and Reanda China, was held at the prestigious hotel China World Summit Wing Hotel. The forum was well attended by over 400 guests and delegates from government departments, embassies, business service organization and our network firms. During the Forum, a number of distinguished guests shared their insights on how Chinese enterprises could seize the business opportunities brought by the Belt and Road initiative and enhance their service capability at the same time. In the evening, all delegates attended the 25th anniversary dinner hosted by Reanda China to celebrate this significant occasion.

The morning of the 19th November 2018 was begun with a visit to the Reanda Beijing headquarters. It was followed by a sightseeing tour to the Tiananmen Square arranged for all the Reanda delegates and their accompanying persons.

In the afternoon, the council meeting was held at the Lijingwan International Hotel. The meeting commenced with an opening address by Chairman Mr. Huang Jinhui, and followed by the presentation made by Mr. Franklin Lau, CEO of Reanda International offering an overview of the network’s development in 2018 and the strategic plans for 2019 embodied by the conference theme Ready for International Clients. After that it were the launching ceremony of the Global Technical and Quality Assurance Department and the BEPS/Transfer Pricing Team, which further enhance network’s internal monitoring and capacity of serving international clients. The highlights of the meeting included the presentation of member firms from the UK, Nepal, Germany, Madagascar, Pakistan and Egypt, on their latest development, the upcoming local business opportunities in their countries and any assistance needed from Reanda Network for unlocking business opportunities.

The day two conference was rounded off by a gala dinner hosted by Reanda International at the Nan Men Shuan Rou which serves authentic hot pot in traditional coal fired bronze pots in refreshingly unpretentious surroundings. All delegates share fond memories of the past 9 years of Reanda International.

In the last day of meeting, the International Tax Panel (ITP) meeting, chaired by Mr. Lorance Chan (Hong Kong), Vice-Chairman of the ITP of Reanda International commenced with an overview of the achievements and development of the ITP in 2018. It was followed by sharing of Base Erosion and Profit Shifting (BEPS) development in Asia Pacific and Europe region, as well as noteworthy tax development in China and Hong Kong jointly presented by Ms. Jacqueline Huang (China), Mr. Lorance Chan and Ms. Alessandra Bitetti (Italy), Vice-Chairmen of the ITP. The highlight of the meeting was a mix of presentation from fellow members, namely Japan, Italy, Nepal, Germany and Macau to share noteworthy tax and BEPS development in their respective country/region. The meeting was ended by a dynamic discussion on a variety of key topics relating to tax and BEPS development.

The Merger & Acquisition (M&A) panel meeting of Reanda International was held in the afternoon and chaired by Mr. Huang Jinhui, Chairman of the International M&A Panel of Reanda International. The meeting was brimmed by the successful M&A cases and experiences sharing by Vice-Chairman of the M&A steering committee, Mr. Zuo Beiping and Ms. Zhao Xiaowei, and members from Turkey, UAE, Netherlands, Mozambique and Belarus. The meeting was ended by a heated discussion amongst delegates. In that evening, all delegates enjoyed the Chinese traditional acrobatic performance at the Chaoyang Theatre as arranged by Reanda International.

On 21st November 2018, the delegates managed to relax over a full day tour to the Mutianyu Great Wall, the longest wall in China who has been bestowed with the honour of being a AAAAA tourist spot, and the National Stadium (Bird Nest), the main stadium of the Beijing 2008 Summer Olympic Games which can accommodate 91,000 audiences.

On 18th November, the 2018 Belt and Road Business Services Forum was  jointly organized by  Reanda International and Reanda China in Beijing, China

On 19 November, all delegates and their accompanying persons visited the Beijing headquarters of Reanda International and Reanda China

A tour to the Tiananmen Square was arranged for non-directors after the visit to the Beijing headquarters

In the afternoon of 19 November, the council meeting was held in the Lijingwan International Hotel in Beijing, China

Opening address by Chairman Mr. Huang Jinhui during the council meeting

Presentation made by Mr. Franklin Lau, CEO of Reanda International offering an overview of the network’s development in 2018 and the strategic plans for 2019 embodied by the conference theme “Reanda for International Clients?”

Group photo taking during the launching ceremony of the Global Technical and Quality Assurance Department (left to right); CEO Mr. Franklin Lau; Chairman Mr. Huang Jinhui; Mr. Kenny Choi, partner of Reanda Hong Kong; Mr. Song Ming, head of technical and training department of Reanda International Beijing office

The launching ceremony of the BEPS/ Transfer Pricing Team, Mr. Lorance Chan, Vice-Chairman of the Tax Steering Committee accepted the certificate on behalf of the team

Gala dinner hosted by Reanda International on 19 November at Nan Men Shuan Rou where serves authentic hot pot in traditional coal fired bronze pots in refreshingly unpretentious surroundings

The ITP meeting on 20 November was chaired by Mr. Lorance Chan, Vice-Chairman of TSC, who was presenting an overview of the development and achievements of the ITP in 2018

Ms. Jacqueline Huang, Vice-Chairman of TSC, presented the noteworthy tax development in China

Ms. Alessandra Bitetti, Vice-Chairman of TSC presented the noteworthy tax development in Italy

All participants took group photos after the ITP meeting

The M&A panel meeting in the afternoon of 20 November was chaired by Mr. Huang Jinhui, Chairman of the International M&A Panel of Reanda International

Mr. Zuo Beiping, Vice-Chairman of the M&A steering committee shared his experience on the successful M&A referral cases

Ms. Zhao Xiaowei, Vice-Chairman of the M&A steering committee shared her insights of the successful M&A assignment

A group photo of all participants of the M&A panel meeting

All delegates enjoyed the Chinese traditional acrobatic performance in the evening of 20 November

On 21 November, the Reanda delegation had a cultural tour to Mutianyu Great Wall, a AAAAA tourist spot in China, and the National Stadium (Bird Nest), the main stadium of the Beijing 2008 Summer Olympic Games

 

 

 
Reanda International welcomes correspondent firm in Poland
Monday, 19 November 2018 00:00

Reanda International is delighted to announce the admission of new correspondent firm in Poland effective 18 November 2018. The cooperation was sealed at the signing ceremony held during the Annual Conference 2018 of Reanda International in Beijing, China and witnessed by and was witnessed by more than 400 guests and delegates including government leaders, embassies of several countries in China, former economic and commercial counselor of Chinese embassies abroad, experts, scholars, representatives of entrepreneurs and business service organizations and media outlet.

Established in 1993, Grupa Gumulka - Audyt Sp. z o.o. is based in Katowice, a large industrial city in southern Poland, with branch office in the capital Warsaw, and Poland’s second largest city Krakow respectively. The firm with some 50 staff, led by the managing partner Mr. Radoslaw Gumulka, offers a wide range of auditing, advisory, corporate finance and accounting services. Backed by the strong team with highly qualified personnel, the firm was ranked number 18th nationally in 2018 in terms of the firm’s statutory audit service turnover, number of audit service assignments as well as their number of CPA personnel according to a prestigious nationwide economic daily newspaper namely “Rzeczpospolita”.

The firm’s professional level is highly endorsed by the local government department, accounting associations and regulatory bodies, particularly on its knowledge of International Financial Reporting Standards (IFRS), which makes the firm a regular trainer to other CPA firms on the topic of IFRS. In addition, the firm’s high level of professionalism is widely recognized while the firm was selected as the auditor of the National Audit Office in Poland from 2012 to 2017 through public tender bidding.

In addition, Grupa Gumulka - Audyt Sp. z o.o. has been recognized through numerous awards. The firm was awarded the European Medal of authorized advisor, which was granted by the European Economic and Social Committee while the honor was only given to 100 local financial advisors or sponsor, including a few CPA firms. The firm was also awarded as one of the winners for the medal to reputable local firm with excellent corporate image on the occasion of the 25th anniversary of the National Chamber of Commerce.

Reanda International is delighted to welcome the joining of such well-established firm with high level technical expertise to further cement the network’s presence in the European region. We truly believe that the admission of this Poland firm could definitely facilitate the enhancement of technical expertise of the network as a whole.

The remote Signing Ceremony held during the Annual Conference on 18 November 2018 to admit Grupa Gumulka - Audyt Sp. z o.o. as the Poland correspondent firm.

Contact

Reanda International Secretariat
Tel: +852 3101 4822
Fax: +852 3101 4811
Email:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mr. Radoslaw Gumulka
Partner
Grupa Gumulka
Tel: +48601403023
Email:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

 
Reanda International appoints new correspondent firm in Mozambique
Monday, 19 November 2018 00:00

Reanda International is delighted to announce the admission of a new correspondent firm in Mozambique effective 18 November 2018. The cooperation was sealed at the signing ceremony held during the Annual Conference 2018 of Reanda International in Beijing, China and witnessed by over 400 guests and delegates from government departments, embassies, business service organization and our network firms.

Established in 2013, Cascais SAC - Sociedade Unipessoal led by Mr. Pedro Alberto Mariz Pedras Lourenço renders a wide range of professional services in the area of accounting, tax, auditing, training, financial services and finance to more than 100 active clients across diverse industries. Based in Maputo, the firm is specialized in serving international clients particularly clients from the Portuguese speaking countries backing by its offices in Portugal, Guarda, Madeira, Spain, Brazil, Angola, Cape Verde, Macao (China) and Guinea-Bissau.

Reanda International is delighted to welcome Cascais SAC - Sociedade Unipessoal’s joining into the network and believed that the admission of Cascais SAC - Sociedade Unipessoal would indeed further enhance Network’s capability in serving clients in Portuguese-speaking countries.

The signings to admit Cascais SAC - Sociedade Unipessoal’s as network’s Mozambique correspondent firm

Contacts

Reanda International Secretariat
Tel: +852 3101 4822
Fax: +852 3101 4811
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mr. Pedro Alberto Mariz Pedras Lourenço
Partner
Cascais SAC - Sociedade Unipessoal
Tel: +258 84 327 2464
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 


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