Chartered Tax Institute of Malaysia

The Chartered Tax Institute of Malaysia (CTIM), formerly known as the Malaysian Institute of Taxation was incorporated on 1 October 1991 as a company limited by guarantee. The Institute was officially launched on 17 February 1992 by the then Deputy Finance Minister, YBhg Loke Yuen Yow.

CTIM is governed by its Council of 16 representatives and these representatives are involved in the Institute’s working committees namely the Executive Committee, Technical- Direct Taxation 1, Technical-Direct Taxation 11,Technical - Indirect Taxation ,Technical-Transfer Pricing, Public Practice Committee, Education Committee, Examinations Committee, Continuing Professional Development Committee, Editorial Committee, Membership Services Committee, Research Committee and Disciplinary Committee.

Over the years, CTIM has achieved recognition both in the public and private sectors. Currently, CTIM has approximately 3,500 members comprising accountants, licensed tax agents, lawyers, members from commerce and industry, academicians and other tax practitioners. CTIM advances the professional development of its members and represents their interests. As a professional tax institute, CTIM participates actively in numerous dialogues and meetings with the relevant authorities such as the Malaysian Inland Revenue Board, the Royal Customs of Malaysia, the Malaysian Industrial Development Authority, the Ministry of International Trade and Industry, and the Ministry of Finance.

CTIM is in the forefront of providing input to the tax authorities and the Ministry of Finance on various ways of enhancing the tax administration in the country as well as suggesting tax policy options. CTIM is regularly called upon by the relevant agencies to provide input on various taxation matters.

On the international front, CTIM is a member body of the Asia-Oceania Tax Consultants’ Association (AOTCA) and participates at various international events. In 2007 CTIM hosted the 15th AOTCA General Council Meeting and 2nd AOTCA International Convention in Kuala Lumpur. CTIM has signed Memorandums of Understanding with three foreign tax bodies, namely, the Taxation Institute of Australia, the Chinese Certified Tax Agent Association, and the Indonesian Tax Consultants’ Association with the view to promote the exchange of information regarding tax legislation in each jurisdiction and to conduct events that mutually benefit both parties.

CTIM has signed Memorandums of Understanding with Universiti Tun Abdul Razak (UNIRAZAK), Universiti Teknologi MARA (UiTM), and Universiti Tunku Abdul Rahman (UTAR) to collaborate in the area of tax education.

CTIM provides a route to the Institute’s Associate membership via its professional examinations. There are a total of eight subjects in the CTIM professional examinations comprising intermediate and final parts. CTIM is the only body in Malaysia that provides professional examinations in taxation.

The Institute conducts continuous professional development courses on taxation for its members in order that they are continuously kept abreast with updates on taxation.

Members of the public who require tax advice are kindly requested to seek such advice from CTIM members who are in practise and who hold the S153 license under the Income Tax 1967 and S170 of the GST Act 2014. Consulting with unlicensed tax practioners is discouraged as acting on such advice may lead to offences and tax penalties incurred.

For more information, kindly visit www.ctim.org.my