On 8 September 2020, the Ministry of Finance Malaysia (MOF) granted the following dispensation, in response to a letter jointly submitted by MIA, MICPA, CTIM and MAICSA granting the following:
|1.||reduction of CPD/CPE for renewal of the tax agent license expiring between 18 March 2020 and 31 August 2020:
|a.||aged up to 59 from 90 CPD/CPE to 75 CPD/CPE; and|
|b.||aged 60 and above from 45 CPD/CPE to 37 CPD/CPE.
|2.||allocation of 1 CPD/CPE for each hour of online training organised by LHDNM/MATA/ MAICSA/MICPA/MIA/CTIM subject to the organiser:
|a.||to provide a system to facilitate the systematic recording of login and logging out of participants; and|
|b.||to provide an appropriate assessment system to evaluate the level of understanding of participants towards the seminars/training organised.
Members are required to take note that licenses expiring as of 31 August 2020 may only be renewable upon obtaining the requisite CPD/CPE, as stated above. In any event, the licenses will only be renewed prospectively not retrospectively, upon obtaining sufficient CPD/CPE hours. License Holders will not be allowed to act on behalf of their clients during the period when their licences remain expired, until and unless they fulfil the required CPD/CPE hours.
Please click here for further details.