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Finance Geek

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These web links are of general utility, organized to help you locate key sites.

The information contained in this page has been prepared solely for the purpose of providing information of general interest. The URL (Universal Resource Locator) to the content may be changed, suspended, or even cease operation without notification.

 

 

Financial Reporting

 

Malaysian Accounting Standards Board – MASB

International Financial Reporting Standards(IFRS) Foundation and the International Accounting Standards Board

 

Regulators

Jabatan Akauntan Negara Malaysia        

Malaysian Anti-Corruption Commission (MACC)                                               

Asia/Pacific Group on Money Laundering            

Bahagian Hal Ehwal Undang-undang Jabatan Perdana Menteri                                 

Basel Committee on Banking Supervision

                                             

 

Taxation

 

Inland Revenue Board (IRB)

www.hasil.gov.my
The Inland Revenue Board of Malaysia (IRBM) is one of the main revenue collecting agencies of the Ministry of Finance of Malaysia.
IRBM was established in accordance with the Inland Revenue Board of Malaysia Act 1995 to give it more autonomy especially in financial and personnel management as well as to improve the quality and effectiveness of tax administration.
The Department of Inland Revenue Malaysia became a board on March 1, 1996, and is now formally known as IRBM. The agency is responsible for the overall administration of direct taxes under the following Acts:

  1. Income Tax Act 1967;
  2. Petroleum (Income Tax) Act 1967;
  3. Real Property Gains Tax Act 1976;
  4. Promotion of Investments Act 1986;
  1. Stamp Act 1949;
  2. Labuan Business Activity Tax Act 1990.
  • Information related to Real Property Gains Tax Act 1976:

 

Ministry of Finance (MOF)

www.treasury.gov.my
The official website of the Ministry of Finance of Malaysia.

Information related to taxation:

 

Royal Malaysian Customs Department

www.customs.gov.my
This website is developed to provide information to the public on matters related to the Royal Malaysian Customs Department. It constitutes input on corporate information, organisation and Customs affairs. Additionally, the online services such as HS Explorer, Forex, CGC, E-licence and others are also provided to the public and stakeholders to deal with the department without having to come to the office.

Information related to Malaysian indirect tax matters such as sales and services tax, import/export duties and other customs and excise duties

 

International Tax Administrations

 

 

Professional Accountancy bodies

 

Malaysian Institute of Accountants (MIA)

Malaysian Institute of Accountants (MIA) is the umbrella body for the accountancy profession in Malaysia. It was established under the Accountants Act, 1967 to regulate and develop the accountancy profession in this country. MIA operates under the purview of the Ministry of Finance through the Accountant General’s Department.

Chartered Institute of Management Accountants (CIMA)

The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants. CIMA helps individuals and businesses to succeed by harnessing the full power of management accounting – not just accounting for the balance sheet but accounting for business.

Association of Chartered Certified Accountants (ACCA)

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). ACCA’s headquarters are in London with principal administrative office in Glasgow.

Institute of Chartered Accountants in England and Wales (ICAEW)

Founded in 1880, ICAEW serves the public interest and work with governments, regulators, and business leaders around the world.

Institute of Chartered Accountants of Scotland (ICAS)

The Institute of Chartered Accountants of Scotland (ICAS) is the world’s first professional body of Chartered Accountants (CAs), receiving its Royal Charter in 1854. Although other British accounting bodies use the title Chartered Accountant, the CA designation is unique to ICAS in the UK.

Chartered Accountants Australia and New Zealand  (CA ANZ)

Chartered Accountants Australia and New Zealand (CA ANZ) focuses on the education and lifelong learning of members and engage in advocacy and thought leadership in areas of public interest that impact the economy and domestic and international markets.

The Institute of Chartered Accountants in Australia (ICAA) (founded in 1928) and the New Zealand Institute of Chartered Accountants (NZICA) (founded in 1978) amalgamated to become one body—Chartered Accountants Australia and New Zealand (CA ANZ)—effective December 31, 2014.

CPA Australia

CPA Australia (“Certified Practising Accountant”) is a professional accounting body in Australia founded in 1886. Its core services to members include education, training, technical support, and advocacy.

Malaysian Institute of Certified Public Accountants (MICPA)            

The Malayan Association of Certified Public Accountants was incorporated under the Companies Ordinances (1940 – 1946) as a self-regulatory accountancy body in 1958. The Association subsequently became The Malaysian Association of Certified Public Accountants (MACPA) in 1964, and was renamed The Malaysian Institute of Certified Public Accountants (MICPA) in 2002.

American Institute of Certified Public Accountants (AICPA)

The American Institute of Certified Public Accountants (AICPA) is the national professional organization of Certified Public Accountants (CPAs) in the United States. Founded in 1887, the organization sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state, and local governments

The Institute of Management Accountants (IMA)

The Institute of Management Accountants (IMA) was founded in 1919 in Buffalo, New York as the National association of cost accountants later changing its name to IMA in 1957. IMA is the association of accountants and financial professionals in business and is focused exclusively on advancing the management accounting profession.

 

Other Professional bodies

 

Chartered Tax Institute of Malaysia (CTIM)

The Chartered Tax Institute of Malaysia which was originally formed under the auspices of the Malaysian Institute of Accountants (MIA), was established in 1991. It has been actively involved in creating awareness and promoting the tax profession to ensure the country’s demand for qualified and trained tax practitioners is met and emphasised in continuing professional education of its members.

Financial Planning Association of Malaysia  (FPAM)

Financial Planning Association Malaysia (FPAM) is a non-profit organization with a vision and mission to establish the global CFP CERT TM mark as the leading symbol of excellence for personal financial planning and to promote its recognition as a profession to benefit all Malaysians. FPAM also strives to promote financial literacy across the Malaysian population.

The Malaysian Insurance Institute (MII)

The Malaysian Insurance Institute (MII) founded in 1968 as a non-profit organisation, is the leading professional body and education institution for the Malaysian insurance industry. MII is the largest professional body for insurance professionals in the Malaysian industry. MII provides internationally recognised qualifications in insurance, risk management, compliance, and financial planning. MII is highly respected as a regional centre offering an extensive range of quality education programmes and training programmes for professionals in the financial services industry. MII also supports the industry as the international examination facilitator for industry associations and several international awarding bodies.

 

 

International Organisations

 

Organisation for Economic Cooperation and Development (OECD)

OECD is an international economic organisation of 37 countries founded in 1961 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies of its members.

The World Bank

The World Bank is an international organization dedicated to providing financing, advice, and research to developing nations to aid their economic advancement.

International Monetary Fund (IMF)

The International Monetary Fund (IMF) is an organization of 190 countries, created in 1945, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

International Organisation of Securities Commission (IOSCO)

The International Organization of Securities Commissions (IOSCO) is the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.

 

 

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