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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 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 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.
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Chairman:
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Beh Tok Koay
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Co-Chairmen:
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Dr Veerinderjeet Singh
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Thenesh Kannaa
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Members:
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Carol Eng
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Fo Wai Lan
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Julie Thong
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K. Sandra Segaran
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Lim Kah Fan
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Neoh Beng Guan
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Phan Wai Kuan
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Seah Siew Yun
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Woon Yoke Lee
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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.
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