Choong Kwai Fatt, PhD, is an acknowledged tax authority and a leading tax specialist in Malaysia, having competently provided tax consultancy services to listed companies, audit firms, legal firms and the Malaysian government for 25 years. He is one of the eight panel members appointed by the Malaysian Ministry of Finance to review tax reforms in the country, including the goods and services tax (GST). His research works have been quoted in many tax cases and have influenced the formulation of tax policies in Malaysia.
Dr Choong is currently practising as an advocate and solicitor at Kwai Fatt & Associates. He holds a Bachelor degree in law (honours) from the University of London; a Master degree in Comparative Law and a Doctorate (PhD) in Taxation Law both from the International Islamic University of Malaysia. He also has a Bachelor degree of Accounting (honours) from the University of Malaya.
In 2014, Dr Choong retired as an associate professor from the University of Malaya after having served there as an academic and tax consultant for 19 years. A leading academic and a passionate researcher, Dr Choong won the Gold Award in 2008 for the best tax research paper in the Articles of Merit Awards presented by the Malaysian Institute of Accountants (MIA) to Professional Accountants in Business (PAIB). In the following year (2009), he won the First Prize in the Malaysian Outstanding Research Papers in Taxation organised by the Malaysian Accountancy Research and Education Foundation (MAREF).
Dr Choong has written 92 books and more than 430 articles in law journals, newspapers and research reports, published in Malaysia and internationally. He is the author of two leading taxation books, Advanced Malaysia Taxation: Principles and Practice (16th Edn, 2014) and Malaysian Taxation: Principles and Practice (20th Edn, 2014). Both of these books are used as reference textbooks in local universities and professional accounting examinations, and are regarded as the practitioners’ text in the accounting profession.
Dr Choong’s initial training was in audit and tax, having been a tax consultant with Pricewaterhouse Tax Services Sdn Bhd (now known as PricewaterhouseCoopers Tax Services Sdn Bhd), an international accounting firm. His interest in tax led to his study and practice of law. His knowledge, experience and skills in taxation and tax laws are very much sought after by the accounting profession, listed companies and legal firms.
Being conversant in both accounting and law, Dr Choong is well qualified to provide good advice regarding income tax legislations, their applications and interpretations, and the proper maintenance of accounts and documentation by companies to reflect commercial substance. He specialises in GST, tax planning, tax restructuring and tax appeal in relation to transfer pricing, tax investigation, penalties, tax evasion and anti-money laundering matters.
Dr Choong is a fellow member of the Association of Chartered Certified Accountants (ACCA), a member of the Institute of Chartered Accountants in Australia (ICAA), a member of Certified Practising Accountants of Australia (CPA, Aust), a member of the Malaysian Institute of Certified Public Accountants (MICPA), a member of Malaysian Institute of Accountants (MIA), a member of the Institute of Chartered Accountants in England and Wales (ICAEW), a member of the Certified General Accountants Association of Canada (CGA), a fellow member of the Malaysian Association of Company Secretaries (MACS) and a member of the Malaysian Bar.
He can be contacted at email@example.com.