The session was held with Unit MyCT of MOF's Tax Division to increase understanding of NPGRP and explore the possibility of embedding NPGRP into the development of MOF's proposed new initiative in support of the recently enforced act, the Public Finance and Fiscal Responsibility Act 2023.
This initiative includes the development of a Medium-Term Revenue Strategy (MTRS). This strategy entails planning tax measures 3-5 years ahead of implementation, rather than the usual one-year planning period, to allow ample time for taxpayers to prepare.
MOF informed that most of the Regulatory Impact Analysis (RIA) elements have already been incorporated into their usual processes. However, there are certain elements that can be adopted to further strengthen their framework, which MOF will explore further.
Attendance:
Chairperson: Ms Wan Fazlin Nadia Wan Osman, Director, NCS
MOF
1. Mr. Md. Taufiq Md. Ralip, Deputy Head of Unit
2. Ms. Noreen Haiza Khairudin, Principal Assistant Secretary (Policy)
3. Ms. Nor Shazleen Eshak, Principal Assistant Secretary (Legislation)
4. Ms. Nurdhiah Mohamed Nor, Assistant Secretary (Policy)
5. Mr. Yasit Abd Razak, Assistant Secretary (Policy)
NCS
1. Ms. Shahriza Bahari, Deputy Director
2. Ms. Cham Yin Hwa, Manager
3. Ms Ilyana Norsaidah, Manager
4. Ms. Ain Alia Abdullah Zawawi, Manager
5. Ms. Najiyah Md Zaliki, Assistant Manager