LHDN updates TCGF guidelines, FAQ on its website


  • Nation
  • Tuesday, 05 Mar 2024

PETALING JAYA: The Inland Revenue Board (LHDN) has updated its Tax Corporate Governance Framework (TCGF) guidelines and Frequently Asked Questions (FAQ).

The update, which was done based on feedback and best practices, also sees the TCGF document being translated into Malay for wider access.

The LHDN said its move to improve taxpayers’ documentation references showed its continued commitment to ensure the successful implementation of the Tax Corporate Governance (TCG) programme launched on March 1, 2022.

“The TCGF Guidelines and FAQs have been updated until Feb 23, 2024 and the Malay version of the TCGF guidelines has been uploaded to the LHDN's official portal.

“The latest updates to the TCGF guidelines and FAQ were based on feedback received from a series of engagement sessions conducted with government agencies, organisations and tax practitioners as well a study of best practices in the effective implementation of the TCG programme,” it said in a statement on Tuesday (March 5).

The TCGF guidelines changes covered matters related to monitoring, the effectiveness of tax control framework, reporting tax governance, control, and risk management, it said.

The documents can be downloaded from the IRB’s official portal at https://www.hasil.gov.my/ or by clicking on the quick links below:

TCGF guidelines:

https://www.hasil.gov.my/media/34ymucit/guidelines_tax_corporate_governance_framework_2.pdf

TCGF guidelines in Malay:

https://www.hasil.gov.my/media/dvhfx2bd/tax_corporate_governance_framework_tcgf_1.pdf

TCGF guidelines FAQ:

https://www.hasil.gov.my/media/as4aosx1/20240223_faq_tax_corporate_governance_framework.pdf

LHDN, FAQ, TCGF, Guidelines

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