By the MIA Sustainability, Digital Economy and Services Team
This quarterly update outlines the Institute’s continued advocacy and professional engagement in taxation and reporting. Covering the period from October to December 2025, it highlights key regulatory developments, and technical initiatives undertaken to support members and uphold high standards of transparency, compliance and professional excellence.
e-2025 Budget Commentary and Tax Information
In December 2025, the Institute announced the e-2026 Budget Commentary and Tax Information (e-2026 BB) via Circular No 63/2025 dated 22 December 2025.
e-2026 BB is interactive, mobile-friendly and easy to access. Other features include:
The download and print features will be available to MIA members in February 2026.
To access the e-2026 BB across various devices, please visit the MIA Member Services Portal. You will be prompted to login with your membership credentials and click a dropdown menu – My Privileges > Knowledge & Resources > 2026 Budget Commentary and Tax Information.
Joint Memorandum on Issues Arising from the 2026 Budget Speech and Tax Bills 2025
MIA, together with the Chartered Tax Institute of Malaysia (CTIM), the Malaysian Institute of Certified Public Accountants (MICPA), and the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), submitted a joint memorandum to the Inland Revenue Board of Malaysia and the Ministry of Finance (Tax Authorities) in December 2025. The memorandum addressed issues arising from the 2026 Budget Speech and the Tax Bills 2025.
Among the issues raised are gains or profits from the disposal of capital assets and other proposed amendments to the Income Tax Act 1967 (ITA 1967). Included therein were the various proposed amendments to the Stamp Act 1949 and the Real Property Gains Tax Act 1976. Members will be updated on the Tax Authorities’ responses following engagement with them in 2026.
Comment Letter on Operational and Non-Technical Issues for the DESIRE Dialogue 2025
In October 2025, MIA and MICPA (the Institutes) submitted a comment letter to the Inland Revenue Board Malaysia (IRBM) on operational and non-technical issues for the DESIRE Dialogue 2025.
Eight operational and non-technical issues were deliberated in the DESIRE Dialogue 2025 by the representatives of the Institutes’ Taxation Practice Committees in November 2025. The key issues were related to:
- significant delays in processing expatriate tax documents (e.g. tax clearance letters, Form JR/ JA etc.)
- issuance of Notice of Additional Assessment (Form JA) due to an employee’s rental contribution
- Labuan Foundations being subject to tax under the Income Tax Act 1967, which requires filing the Form e-C
- the missing column in Form PT (online) for the YA 2024 compared to the printed version
- capital gains tax, including concerns about a foreign company’s need to register for an income tax reference number to file a single capital gains tax return and receive an employer tax file number automatically.
Members can access the MIA e-Library for the minutes of the DESIRE Dialogue published in Circular No 4/2026.
Complimentary Webinar on Overview of the Third Edition of IFRS for SMEs Accounting Standard
MIA remains committed to enabling the future relevance of SMEs by facilitating understanding and enhancing application of accounting standards. A complimentary virtual webinar titled “Overview of the Third Edition of the IFRS for SMEs Accounting Standard” was successfully conducted in October 2025.
The session provided participants with a concise overview of selected key sections of the Malaysian Private Entities Reporting Standard (MPERS) such as Section 2 Concepts and Pervasive Principles, Section 9 Consolidated and Separate Financial Statements, Section 12 Fair Value Measurement, and Section 19 Business Combinations and Goodwill.
The webinar featured insightful presentations by Associate Professor Dr Chong Aik Lee, Vice President, Academic Affairs, UCSI College and Rasmimi Ramli, Executive Director, Sustainability, Digital Economy and Services (SDES), MIA, followed by an interactive Q&A session that enhanced participants’ understanding of the latest developments in MPERS.
