A summary of the MIA-MICPA tax governance guide's fundamentals / Wan Asma Wan Nasrudin

Tax reporting, comprising tax strategy, tax risk management, and tax management, develops credibility and trust in an organisation's tax processes, enabling investors and other stakeholders to make informed decisions based on a company's tax position and other variables. The Malaysian Institute of Accountants (MIA) and the Malaysian Institute of Certified Public Accountants (MICPA) jointly issued the Tax Governance Guide to assist directors of listed issuers in reporting tax management in annual reports. The guidance increases the tax transparency of listed issuers. As stakeholders request information regarding a company's tax policy, strategy, and other tax issues, greater tax transparency is becoming the norm.