The ASEAN Forum on Taxation was established in April 2010 by the AFMM to serve as a mechanism to address  tax-related issues pertaining to regional economic integration.

The objective of the AFT is to provide a platform to support regional dialogue on and cooperation on taxation issues for regional economic integration including the creation of sub-groups as deemed necessary by the ASEAN Member States.

The AFT is comprised of of officials from agencies directly involved in tax related matters such as the revenue agencies and policy units of Ministry/Department of Finance, Securities and Exchange Commission, and related agencies. The Ministry of Finance and Economy of Brunei Darussalam is the current chair of the AFT to serve as mechanism to address tax-related issues pertaining to regional economic integration. It builds on the mandate given by the ASEAN Finance Ministers in April 2010 to form a working group on taxation, as well as to strengthen cooperation in taxation matters among ASEAN countries.

AFT is currently co-chaired by the Department of Law, Tax Policy and International Tax Cooperation, General Department of Taxation of Cambodia..