INTRODUCTION

The COWG is one of the working groups of the Technical Committee-Direct Taxation (I) [TC-DT (I)].

It plays a major supportive role for the TC-DT (I), particularly in the light of recent developments in compliance and operations practices.

COWG COMMITTEE FOR TERM 2022/2023

1. To provide effective representation at dialogues with Government authorities on direct tax issues faced by members, the business community and the public at large.
2. To recommend to the Government proposals for the review of tax policies, tax administration and other fiscal changes so as to promote certainty, clarity and transparency, as well as proposals to simplify the taxation system.
3. To issue tax information circulars to members on a timely basis and to issue guidance notes and other relevant technical publications when necessary.
4. To consider matters affecting tax practitioners.

JPRWG COMMITTEE FOR TERM 2022/2023

Terms of Reference

1. To provide effective representation at dialogues with Government authorities on Public Ruling issues faced by members, the business community and the public at large.
2. To recommend to the Government proposals for the review of Public Rulings so as to promote certainty, clarity and transparency.
3. 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.

INTRODUCTION

The JTWG-MFRS is one of the working groups of the Technical Committee-Direct Taxation (I) [TC-DT (I)].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 Technical Committee – Direct Taxation I 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 2022/2023

INTRODUCTION

The TAIWG is one of the working groups of the Technical Committee-Direct Taxation (I) [TC-DT (I)].

It plays a major supportive role for the TC-DT (I), particularly in the light of tax audit and investigation issues.

TAIWG COMMITTEE FOR TERM 2022/2023

1. To provide a platform for the members to share his experience dealing with LHDN on current tax audit and/or investigation issues (where relevant and applicable).
2. Based on members’ feedback and input, the committee shall discuss and evaluate on the issues raised and decide the next course of action.
3. To provide effective representation at dialogues with Government authorities (e.g. LHDN) on tax audit and/or investigation issues faced by members, the business community and the public at large (where relevant and applicable).
4. To provide the bridge of communication between Government authorities (e.g. LHDN) and the tax practitioners to recommend or resolve (where relevant or applicable) on the tax audit and investigation issues involved the processes and/or consistent tax treatment among the branches of LHDN in Malaysia. The objective is to recommend (if any) to the Government authorities (e.g. LHDN) proposals for the review of tax audit and investigation policy, administration and other changes so as to promote certainty, clarity and transparency as well as to simplify the tax audit and investigation system.
5. To issue tax audit and investigation information circulars to members on a timely basis and to issue guidance notes and other relevant publications when necessary.
6. To consider matters affecting tax practitioners on tax audit and investigation.

ITWG COMMITTEE FOR TERM 2022/2023