COVID-19 Resources for MIA Members and Other Stakeholders

COVID-19 is presenting unexpected and extreme challenges for organisations of all sizes and sectors across the world, and the complexity of the situation is quickly changing how entities operate and how individuals live and work. The Malaysian Institute of Accountants (MIA) has developed a dedicated web page to provide essential resources, updates and guidance, including information from the relevant authorities, to help support you through this challenging period and to help ensure a fully functioning accountancy profession in the country. Our goal is to help organisations and members demonstrate the agility to adjust, manage and innovate in this rapidly evolving situation. MIA will continue to provide the latest relevant information and updates on this page.

“The Covid-19 outbreak crisis is unprecedented, causing severe damage to businesses and the economic ecosystem and affecting the profession in all sectors. Despite these challenges and as trusted business partners, the profession must rise to the occasion in these challenging times and demonstrate their relevance in assisting businesses to recover from financial distress, while supporting government initiatives towards nation building.”

Huang Shze Jiun, MIA President

“The human spirit is indomitable and working together, we can find a solution to handle this pandemic. As the voice of the accountancy profession, MIA represents the collective interests and might of diverse stakeholders. I urge everyone to pool our considerable resources and to collaborate strategically to devise and execute sustainable solutions to mitigate the devastating economic and social impacts of the COVID-19 pandemic. We are communicating and collaborating virtually with our diverse stakeholders across myriad digital channels to provide support and promote business and economic continuity and social wellbeing, in the best interests of our public, members and stakeholders. For the purpose of nation building, let’s collaborate and we can overcome this together”.

Dr Nurmazilah Dato’ Mahzan, MIA CEO

MIA Statements

DATE TITLE
21/10/2020 Government Implements Mandatory Work from Home Directive for Management and Supervisory Staff under the Conditional Movement Control Order (CMCO)
13/10/2020 Government Announces Conditional Movement Control Order (CMCO)
23/09/2020 Government Introduces Wage Subsidy Programme 2.0 To Support Companies And People Affected By COVID-19
30/07/2020 Loan Moratorium Extension Targeted Bank Assistance
07/06/2020 Government Shifts to The Movement Control Order – Recovery Phase fom 10 June to 31 August 2020
05/06/2020 Key MIA Proposals Taken Up in Government’s RM35 Billion Short-Term Economic Recovery Plan
13/05/2020 MIA Website is Back to Normal
10/05/2020 Standard Operating Procedures (SOPs) for Visitors to MIA Offices
04/05/2020 MIA Resumes Counter Service for Members in a New Normal
03/05/2020 MIA Website is Currently Inaccessible
01/05/2020 Government Eases Movement Control Order (MCO) Restrictions from 4 May 2020
24/04/2020 Covid-19 Movement Control Order extended until 12 May 2020
14/04/2020 Government Authorises Additional Sectors to Operate to Mitigate Impacts of COVID-19
10/04/2020 COVID-19 Movement Control Order Further Extended to 28 April 2020
08/04/2020 Warning on Cyber Threats and Cyberattacks using the COVID-19 Trojan Horse
06/04/2020 Supplementary Stimulus Package for SMEs
27/03/2020 Government Announces Economic Stimulus Package 2.0 Totalling RM250 Billion
25/03/2020 COVID-19 Movement Control Order Extended to 14 April 2020
23/03/2020 Updates – COVID-19 and Movement Control Order
20/03/2020 MIA Confirms One Staff Tested Positive for COVID-19
18/03/2020 Updates on Finance - Essential Services Classification for MIA Member Firms under the COVID-19 Movement Control Order
17/03/2020 COVID-19 Movement Control Order
16/03/2020 Precautionary Measures on COVID-19 Outbreak

FAQs

DATE TITLE
22/10/2020 Soalan Lazim (FAQ) Berkaitan Perintah Kawalan Pergerakan Bersyarat (PKPB) Kementerian Perdagangan Antarabangsa dan Industri
21/08/2020 Practice Directive 6/2020 – Extension of Time for Annual General Meeting and Lodgement of Financial Statement (Revised)
21/08/2020 FAQs Extension of Time (EOT) for Circulation, Annual General Meeting and Lodgement of Financial Statements for Financial Year End 1 January 2020 to 31 March 2020
05/06/2020 FAQs Summary on Pelan Jana Semula Ekonomi Negara (PENJANA)
15/05/2020 FAQs on determination of tax residence status of companies and employees, permanent establishment and cross border employment income due to COVID-19 Travel Restrictions
10/05/2020 FAQ on Tax Matters During the Movement Control Order and the Conditional Movement Control Order Period (18 March to 9 June 2020) – Updated 10 May 2020
30/04/2020 Soalan Lazim (FAQ) Berkaitan Perintah Kawalan Pergerakan Bersyarat (PKPB) Kementerian Perdagangan Antarabangsa dan Industri
30/04/2020 Soalan Lazim Berkaitan Geran Khas PRIHATIN (GKP)
30/04/2020 Updated FAQs From IRBM in relation to The Extension of MCO Period up to 12 May 2020 and Contributions/Donations Made to The Approved Institutions/Funds of Covid-19 and Service Tax Policies (Updated 29 April 2020)
29/04/2020 Operasi dan Perkhidmatan Jabatan Kastam Diraja Malaysia (JKDM) Dalam Tempoh Lanjutan Pelaksanaan Perintah Kawalan Pergerakan (PKP)
28/04/2020 Economic Stimulus Package 3.0 (Rental Reduction for Business Premise) – Updated 28 April 2020
28/04/2020 Return Form (RF) Filing Programme for the year 2020
24/04/2020 Soalan Berkaitan Pindaan Anggaran Cukai (CP204) Pada Bulan Ketiga Ansuran Dalam Tahun 2020 dan Penangguhan Bayaran Anggaran Cukai Bagi Syarikat Berkaitan Industri Pelancongan dan Perusahaan Kecil dan Sederhana (PKS) di bawah Pakej Rangsangan Ekonomi (PRE) 2020
23/04/2020 MIA Complimentary Webinars – FAQs
23/04/2020 Soalan Lazim on EPF's Employer COVID-19 Assistance Programme
17/04/2020 Soalan Lazim (FAQ) berkaitan Perkhidmatan Pendaftaran Perniagaan dan Pembaharuan Lesen Perniagaan oleh Lembaga Hasil Dalam Negeri, Cawangan Kuching secara Janji Temu mulai 20 April 2020
16/04/2020 FAQ on Tax Matters during the Movement Control Order period (18 March 2020 to 28 April 2020) – Updated 21 April 2020
03/04/2020 Malaysian Institute of Accountants
03/04/2020 National Security Council (MKN) - Updated FAQ and List of Essential Businesses
31/03/2020 Kementerian Perpaduan Negara
31/03/2020 International Federation Of Accountants (IFAC)
31/03/2020 COVID-19: Frequently Asked Questions on Auditing (by MIA)
31/03/2020 Kementerian Kesihatan Malaysia
31/03/2020 Kumpulan Wang Simpanan Pekerja
19/03/2020 Menteri Perusahaan Perladangan dan Komoditi
19/03/2020 Kementerian Wilayah Persekutuan
19/03/2020 Kementerian Perumahan dan Kerajaan Tempatan
19/03/2020 Kementerian Perdagangan Antarabangsa dan Industri
19/03/2020 Kementerian Pertanian dan Industri Makanan
19/03/2020 Kementerian Sains, Teknologi dan Inovasi
19/03/2020 Immigration Department Malaysia - Exemption of Special Pass for Foreigners in Malaysia
19/03/2020 Immigration Department Malaysia - Implementation Procedure for Land & Sea Checkpoints
19/03/2020 Bursa Malaysia
18/03/2020 Perintah Kawalan Pergerakan: Perkhidmatan Perlu dan Bukan Keperluan Utama
18/03/2020 Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna
18/03/2020 MyXpat Expatriate Services Division
18/03/2020 Malaysia Airports
18/03/2020 Jabatan Pendaftaran Negara
18/03/2020 Kementerian Pengangkutan Malaysia
18/03/2020 Kementerian Sumber Manusia
18/03/2020 Kementerian Pendidikan Malaysia (KPM)
18/03/2020 Kementerian Pengajian Tinggi
18/03/2020 Majlis Keselamatan Negara
18/03/2020 Bank Negara Malaysia
17/03/2020 Suruhanjaya Syarikat Malaysia
17/03/2020 Securities Commission
17/03/2020 Perkeso FAQs on Employment Retention Program
17/03/2020 Sektor Peruncitan
16/03/2020 Restriction of Movement Order
16/03/2020 Lembaga Hasil Dalam Negeri

Technical

DATE TITLE
21/10/2020 MF54/2020: Government Implements Mandatory Work from Home Directive for Management and Supervisory Staff under the Conditional Movement Control Order (CMCO)
05/08/2020 81/2020: IFAC Resources : Summary of COVID-19 Audit Considerations
05/08/2020 MF42/2020: IFAC Resources : Summary of COVID-19 Audit Considerations
05/08/2020 82/2020: Consultative Documents on the Proposed Companies (Amendment) Bill 2020 and Limited Liability Partnerships (Amendment) Bill 2020
22/07/2020 74/2020: The Tax Updates Issued by The Royal Malaysian Customs Department
08/07/2020 71/2020: Issuance of Frequently Asked Questions (FAQs) on MIA CPE Guidelines and Registration Process for MIA Webinar Programmes
03/07/2020 MF35/2020: PLC Liquidity Scheme for MIA PC Holder
26/06/2020 MF34/2020: Survey on the Post-Movement Control Order (MCO) and Business Recovery Plan
24/06/2020 66/2020: Questions and Answers (Q&A) on requirements in MFRS that Malaysian reporting entities may need to consider in respect of the impacts of COVID-19
15/06/2020 MF31/2020: Weekly Reporting Requirement of the Department of Occupational Safety and Health (DOSH) on Compliance with Standard Operating Procedure (SOP) During the Period of Recovery MCO
10/06/2020 MF27/2020: Revised Standard Operating Procedures and Recovery Movement Control Order (RMCO) Starts from 10 June to 31 August 2020
10/06/2020 Circular No. 58/2020: Tax Updates Have Been Issued or Published by the IRB and the RMCD
10/06/2020 Circular No. 57/2020: Statutory Orders Have Been Gazetted Pertaining to Income Tax, Service Tax and Stamp Duty
19/05/2020 MF23/2020: Survey on the Financing Needs of MIA Member Firms and the Availability of External Financing
14/05/2020 IFAC Launches Small Business Continuity Checklist
14/05/2020 BNM's AML/CFT Initiatives During The Covid-19 Pandemic
14/05/2020 BNM's AML/CFT Initiatives During The Covid-19 Pandemic
12/05/2020 Bursa Malaysia granted an extension of time of one month for the issuance of annual reports and annual audited financial statements by listed issuers with financial year ending on 31 March 2020
09/05/2020 MITI’s Guide to Submit Company Declaration via CIMS 3.0
07/05/2020 IFAC Launches Practice Transformation Action Plan
04/05/2020 Temporary Increase in Value of Indebtedness to RM50,000 until 31 December 2020 Pursuant to Section 466(1)(A) of the Companies Act 2016
29/04/2020 Updated FAQs From IRBM in relation to The Extension of MCO Period up to 12 May 2020 and Contributions/Donations Made to The Approved Institutions/Funds of Covid-19 and Service Tax Policies
22/04/2020 Updated FAQs from IRBM in relation to The Extension of MCO Period up to 28 April 2020 and Practice No 2/2020 on Capital Allowance for Customised Computer Software
22/04/2020 Statutory Declaration Before a Commissioner for Oaths During the Movement Control Order (MCO) Period
20/04/2020 Bursa Malaysia announces additional relief measures to provide flexibilities in fundraising and ease compliance for Listed Issuers
17/04/2020 Further Reactivation of SSM’s Online Services and Customer Contact Centre
15/04/2020 Updates from IRBM and RMCD in relation to the Extension of MCO up to 28 April 2020 and Return Form Filing Programme for the Year 2020 (Amendment No 2/2020)
13/04/2020 Return Form Filing Programme for the Year 2020 (Amendment No 2/2020)
13/04/2020 AOB Communications to Auditors and Audit Committee
13/04/2020 SSM Announced Seven Initiatives to Ease the Burden of the Corporate Sector During the Movement Control Order (MCO)
10/04/2020 Special Deduction on Rental Deduction for SMEs
10/04/2020 SSM's FAQs on Extension of Time for Lodgement of Financial Statements and Moratorium of Submission of Statutory Documents
08/04/2020 Clarification on the Eligibility of Member Firms for the Enhanced Wage Subsidy Programme
08/04/2020 Media Release and Announcements Made by The IRBM and RMCD in relation to The Movement Control Order From 18 March to 14 April 2020
08/04/2020 SME Registration Status System by SME Corporation Malaysia
06/04/2020 Reactivation of SSM’s Ez-Biz Online and Closure of SSM’s Physical Service Counters Until the End of Movement Control Order (MCO) Period
06/04/2020 IESBA Technology Initiative Webinar
06/04/2020 Tech Relief Solutions During Covid-19 Pandemic
03/04/2020 Survey on The Impact of The Movement Control Order (MCO) and Effect of The Economic Stimulus Package on MIA Member Firms
01/04/2020 Media Releases in regards to Hasil Care Line and 'Bantuan Prihatin Nasional', Form CP502 - Amendment to the Tax Estimate of Individual Taxpayers and Statutory Orders in relation to the Customs Act 1967
31/03/2020 The Malaysian Accounting Standards Board (MASB) issued MFRS 9 Financial Instruments: Expected Credit Loss Considerations
31/03/2020 Gradual Reactivation of SSM’s Online Services Starting with Portal Supplying Corporate Information
28/03/2020 Supportive Measures During the COVID-19 Outbreak
27/03/2020 Media Releases and Announcements Made by the IRBM and RMCD in relation to the Movement Control Order Due to the Covid-19 Pandemic
27/03/2020 Bursa Malaysia issued additional relief measures to alleviate the impact of COVID-19 on Capital Market Players
25/03/2020 Further announcements by Bursa Malaysia and Securities Commission Malaysia in relation to Covid-19 Outbreak
25/03/2020 Extension of Time for Renewal of Practising Certificate for Secretaries Under Section 241 of the Companies Act 2016
23/03/2020 Statutory Orders Published at E-Federal Gazette Portal, Labuan Financial Services Authority Circular on Addition to the Revised Substance Regulations, Labuan Investment Committee – LIC Pronouncement 3-2020
23/03/2020 MF24/2020: Department of Occupational Safety and Health (DOSH)’S Daily Reporting on Compliance to Standard Operating Procedure (SOP)
19/03/2020 Announcements by Bursa Malaysia and Securities Commission Malaysia in Relation to COVID-19 Outbreak
19/03/2020 Return Form Filing Programme for the Year 2020 – Amendment No 1/2020, FAQ in Regard to the Operations of the IRBM During the Movement Control Order and RMCD Statement Pertaining to the Operations and Services of Customs During the Movement Control Order
17/03/2020 Financing Assistance for SMEs to Alleviate Business Financial Constraint

Articles and Speeches

DATE TITLE
05/11/2020 Navigating Towards a New Normal After COVID-19
23/09/2020 Teks Perutusan Khas YAB Perdana Menteri: Pengumuman Kerangka Inisiatif Tambahan Khas: Kita Prihatin
07/09/2020 How to Be Future Relevant – From Accountants to Partners in Business Intelligence
07/09/2020 Fit for the Future
29/07/2020 Teks Perutusan Khas YAB Perdana Menteri: Pengumuman Lanjutan Moratorium & Bantuan Bank Bersasar
10/07/2020 COVID-19 – Business Realignment and Tax Considerations
07/07/2020 Apart Together: How Do We Engage Our Employees in This Challenging Time?
03/07/2020 Relevance of Force Majeure in Transfer Pricing Amidst Current Turbulence
17/06/2020 Contemporary Issues in Applying International Financial Reporting Standards
12/06/2020 Guidelines on Submission of Working Papers to the Practice Review Department
07/06/2020 Teks Ucapan YAB Perdana Menteri : Pelaksanaan Perintah Kawalan Pergerakan Pemulihan (PKPP)
05/06/2020 Agility and Resilience – Strategic Tools for Survival in the COVID-19 Crisis
05/06/2020 Teks Ucapan YAB Perdana Menteri : Pelan Jana Semula Ekonomi Negara (PENJANA)
22/05/2020 Key Considerations of the Use of Technology during the Observation of Physical Inventory Counting
10/05/2020 Teks Perutusan Khas Perdana Menteri (10 May 2020)
04/05/2020 MIA Spearheads Electronic Bank Confirmation Platform
27/04/2020 How CFOs and Finance Functions Bring Value in the COVID-19 Crisis
23/04/2020 Teks Perutusan Khas YAB Perdana Menteri: Lanjutan Perintah Kawalan Pergerakan (PKP)
21/04/2020 Harnessing Technology During and After the MCO Period
17/04/2020 The Financial Reporting Implications of COVID-19
15/04/2020 Digital Talent a Must to Surmount Covid-19 Crisis
10/04/2020 Teks Perutusan Khas YAB Perdana Menteri: Lanjutan Perintah Kawalan Pergerakan (PKP)
10/04/2020 Covid-19: 5 Key Steps for Accountants to Guide SMEs Through the Crisis
06/04/2020 We Have to Address Mental Health—Especially Now
06/04/2020 Tips for Making Virtual Connections Work for You
06/04/2020 Teks Ucapan Perutusan Khas YAB Perdana Menteri
03/04/2020 Covid-19: Frequently Asked Questions on Auditing
01/04/2020 Rising to the Occasion
31/03/2020 Additional Measures to Support SMEs Affected by the COVID-19 Outbreak
30/03/2020 MIA is Steadfast in Supporting Members and Stakeholders Throughout the COVID-19 Crisis
27/03/2020 Pakej Rangsangan Ekonomi Prihatin Rakyat
27/02/2020 Economic Stimulus Package

General Information

DATE TITLE
02/11/2020 Guideline On Temporary Measures For Reducing The Impact Of Coronavirus Disease 2019 (COVID-19) Act 2020
04/09/2020 Senarai Kemasukan ke Malaysia Kepada Pemegang Pas Lawatan Jangka Panjang Bagi Negara-Negara Berisiko Tinggi Terhadap COVID-19
11/08/2020 EXTENSION OF THE TEMPORARY APPROVAL BY MIA EDUCATION BOARD TO UNIVERSITIES ON THE CONDUCT OF ONLINE ASSESSMENT
16/06/2020 IFAC Weekly Webinar Series – ‘Practical Audit Quality Considerations for Auditing in the Pandemic Environment - Planning, Execution, Auditor Reporting and Looking Ahead'
11/06/2020 Sektor Kewangan (Aktiviti Berhadapan Dengan Pelanggan)
05/06/2020 Pelan Jana Semula Ekonomi Negara (PENJANA) Booklet
28/05/2020 NACRA Organisers Announce Revisions For National Annual Corporate Report Awards (NACRA) 2020 Due To Covid-19 Impacts
12/05/2020 Operational Guidelines Issued by the IRB Pertaining to the Revision of Estimate of Tax Payable in the 3rd Instalment Payment that Falls in The Calendar Year 2020 and Deferment of Payment of Instalment Payment under the Economic Stimulus Package 2020
23/04/2020 MIA Complimentary Webinars
15/04/2020 Sidang Media Menteri Kanan Pendidikan – 15 April 2020
14/04/2020 Operasi dan Perkhidmatan Jabatan Kastam Diraja Malaysia (JKDM) Dalam Tempoh Lanjutan Pelaksanaan Perintah Kawalan Pergerakan
13/04/2020 Temporary Approval by MIA Education Board for Industrial Training Replacement
10/04/2020 ASEAN Federation of Accountants COVID-19 resources
10/04/2020 COVID-19 Resources from IFAC's Network
04/04/2020 Ministry of International Trade & Industry (MITI) - Call Centres for Manufacturers for MCO Application Status
03/04/2020 Additional Measures to Support SMEs
01/04/2020 Temporary Closure of MITI Counter Services in Menara MITI and its State Offices during the Movement Control Order period effective on 30 March 2020
30/03/2020 Temporary Approval by MIA Education Board to Conduct Online Assessment for Universities Recognised Under Part I of the First Schedule to the Accountants Act 1967
19/03/2020 Conditions for the Manufacturing Sector Operations following from the Movement Control Order from 18th March to 31st March 2020. “Syarat-syarat Operasi Sektor Pembuatan Susulan Perintah Kawalan Pergerakan mulai 18 hingga 31 Mac 2020”
16/03/2020 Postponement of MIA Qualifying Examinations (MIA QE) March 2020 Examination Sitting

MIA Member Special Benefits

DATE TITLE
20/10/2020 Life Care Covid-19 RT PCR Test for Corporate Client
20/10/2020 KPJ Healthcare COVID-19 Screening
22/05/2020 IXI Solutions Sdn Bhd
12/05/2020 AXP Solutions Sdn Bhd
12/05/2020 Kaplan: Bringing the Classroom to you
12/05/2020 Sage One Business Cloud Solution
12/05/2020 Life Care: Get Your Blood Test Done from the comfort of your home
12/05/2020 Jibble by Payroll Panda
12/05/2020 Auto Count
22/04/2020 FREE Microsoft Teams and Office 365 for 6 months and webinar sessions for MIA members