TAX POLICY COMMITTEE (TPoC)
INTRODUCTION
The TPoC is one of the key committees of CTIM.
To assist the TPoC in the execution of its duties, the Committee constitutes various working groups as and when required. These working groups deal with public rulings, international tax and Labuan tax, tax incentives, stamp duty and real property gains tax, and other technical aspects.
TPoC FOR TERM 2024/2025
CHAIRMAN
Thenesh Kannaa
CO-CHAIRMAN
Anil Kumar Puri
COUNCIL MEMBERS
Soh Lian Seng
Alan Chung
Agnes Wong Ling Lee
Chang Mei Seen
Chong Mun Yew
Hanita Ahmad
Harvindar Singh
Hii Chui Yung
Koo Kian Ming
Leow Mui Lee
Manvinder Singh
Sharon Yong
Steve Chia
Tan Hooi Beng
CO-OPTED MEMBERS
Beh Tok Koay
Ivan Jacobs
Ng Say Guat
Prof Dr Yeah Kim Leng
Terms of Reference
- The TPoC shall be responsible for all tax policy matters, except for those in the purview of the other Technical Committees. Where required, TPoC would cooperate with the other Technical Committees to pursue the Institute’s interest.
2. The works of TPoC is supported by four working groups, namely:
(i) Joint Public Ruling Working Group
(ii) Stamp Duty & RPGT Working Group
(iii) Tax Incentives Working Group
(iv) International Tax & Labuan Tax Working Group
3. To recommend to the Government proposals for the review of tax policy, tax administration and other fiscal changes so as to promote certainty, clarity and transparency as well as to simplify the taxation system.
4. To provide effective representation at dialogues with Government authorities on tax issues faced by members, the business community and the public at large. This includes (but is not limited to) engagements with Ministry of Finance, Inland Revenue Board of Malaysia (IRBM), Malaysian Investment Development Authority (MIDA) and Securities Commission.
5. To issue tax information circulars to members on a timely basis and to issue guidance notes and other relevant technical publications when necessary.
6. To consider matters affecting tax practitioners and meet members to understand their requirements.
JOINT PUBLIC RULING WORKING GROUP (JPRWG)
INTRODUCTION
The JPRWG is one of the working groups of the Tax Policy Committee [TPoC].
It plays a major supportive role for the TPoC, particularly in the light of public ruling matters.
JPRWG FOR TERM 2024/2025
CHAIRMAN
Anil Kumar Puri
CO-CHAIRMAN
Thenesh Kannaa
COUNCIL MEMBERS
Soh Lian Seng
Alan Chung
Chong Mun Yew
Hanita Ahmad
Harvindar Singh
Koo Kian Ming
Leow Mui Lee
Manvinder Singh
Sharon Yong
Steve Chia
Tan Hooi Beng
CO-OPTED MEMBERS
Carol Eng Hooi Ling
K Sandra Segaran
Ng Say Guat
Kelvin Lim
Ivan Jacobs
OTHERS
Tai Lai Kok (MIA)
Yee Wing Peng (MIA)
Beh Tok Koay (MICPA)
Theresa Goh Lee Hwa (MICPA)
Terms of Reference
- To provide effective representation at dialogues with Government authorities on Public Ruling issues faced by members, the business community and the public at large.
- To recommend to the Government proposals for the review of Public Rulings so as to promote certainty, clarity and transparency.
- To issue tax information circulars to members on a timely basis and to issue guidance notes and other relevant publications related to Public Rulings when necessary.
STAMP DUTY & RPGT WORKING GROUP (SDRWG)
INTRODUCTION
The SDRWG is one of the working groups of the Tax Policy Committee [TPoC].
It plays a major supportive role for the TPoC, particularly in the light of recent developments in stamp duty and real property gains tax.
SDRWG FOR TERM 2024/2025
CHAIRMAN
Sharon Yong
CO-CHAIRMAN
Manvinder Singh
COUNCIL MEMBERS
Soh Lian Seng
Agnes Wong Ling Lee
Anil Kumar Puri
Hanita Ahmad
Harvindar Singh
Leow Mui Lee
Koo Kian Ming
Steve Chia
Tan Hooi Beng
Thenesh Kannaa
CO-OPTED MEMBERS
Jennifer Lee
Lim Chee Keong
Chang Ee Leen
TAX INCENTIVES WORKING GROUP (TIWG)
INTRODUCTION
The TIWG is one of the working groups of the Tax Policy Committee [TPoC].
It plays a major supportive role for the TPoC, particularly in the light of tax incentives matters.
TIWG FOR TERM 2024/2025
CHAIRMAN
Steve Chia
CO-CHAIRMAN
Koo Kian Ming
COUNCIL MEMBERS
Soh Lian Seng
Anil Kumar Puri
Chang Mei Seen
Leow Mui Lee
Manvinder Singh
Sharon Yong
Tan Hooi Beng
Thenesh Kannaa
CO-OPTED MEMBERS
Abdul Salam Chandran
Lem Kooi Kee
Lim Wai Yin
Kelvin Lim
INTERNATIONAL TAX & LABUAN TAX WORKING GROUP (IT & LT WG)
INTRODUCTION
The IT & LT WG is one of the working groups of the Tax Policy Committee [TPoC].
It plays a major supportive role for the TPoC, particularly in the light of international tax & Labuan tax matters.
IT & LT WG FOR TERM 2024/2025
CHAIRMAN
Tan Hooi Beng
CO-CHAIRMAN
Chong Mun Yew
COUNCIL MEMBERS
Soh Lian Seng
Anil Kumar Puri
Chang Mei Seen
Manvinder Singh
Sharon Yong
Steve Chia
Thenesh Kannaa
CO-OPTED MEMBERS
Abdul Salam Chandran
Aurobindo Ponniah
Kelvin Lim
Lem Kooi Kee
Neoh Beng Guan
Vivian New
JOINT TAX WORKING GROUP ON MFRS
INTRODUCTION
With the implementation of Malaysian Financial Reporting Standards (MFRS) in Malaysia, the Taxation Practice Committee of the Malaysian Institute of Accountants (MIA), Tax Practice Committee of The Malaysian Institute of Certified Public Accountants (MICPA) and the Tax Policy Committee [TPoC] of the Chartered Tax Institute of Malaysia (CTIM) have established a Joint Tax Working Group on MFRS with the following terms of reference:-
- To analyse changes brought about by MFRS which have tax implications.
- To highlight and provide comments to members on possible tax implications related to MFRS, where applicable.
- To propose appropriate tax treatments in respect of MFRS, where applicable, to the relevant tax authorities.
JTWG-MFRS COMMITTEE FOR TERM 2023/2024
CHAIRMAN
Beh Tok Koay
CO-CHAIRMAN
Yee Wing Peng
Harvindar Singh
MEMBERS
Carol Eng
Fo Wai Lan
Julie Thong
K. Sandra Segaran
Lim Kah Fan
Neoh Beng Guan
Phan Wai Kuan
Seah Siew Yun
Woon Yoke Lee
Terms of Reference
Members may refer to the discussion papers prepared by the JTWG-MFRS on the implications related to the implementation of MFRS in the Members Only section of the CTIM website.