Tax Espresso

Article

Tax Espresso (April 2018)

The Tax Espresso is our monthly newsletter covering the latest tax updates.

In our April 2018 issue, we cover the following topics:

  1. Tax Audit Framework 2018
  2. Practice Note No. 1/2018
  3. Keysight Technologies Sdn Bhd v KPHDN (High Court)
  4. Magnum Holdings Sdn Bhd, Magnum Berhad v KPHDN (High Court)

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Click the links below to view the Tax Espresso archive:

 
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Thought Leadership

Publications

The Edge - What do multilateral instrument and BEPS mean to Corporate Malaysia?

5 March 2018

Jan 24 is a significant date for Corporate Malaysia to take note of. On that day, Deputy Finance Minister I Datuk Wira Othman Aziz represented Malaysia in signing the Multilateral Convention (the multilateral instrument or MLI) in Paris to implement tax treaty-related measures preventing base erosion and profit shifting (BEPS). Tan Hooi Beng, International Tax Leader discusses the significance of BEPS and MLI to corporate taxpayers.

Click here to read the full article.

Click here to read more about the feature on The Edge Financial Daily.
Click here to read more about the feature on The Malaysian Reserve.Borneo Post - Upcoming tax exemptions and incentives in 2018

30 October 2017

Last week, Prime Minister Datuk Najib Tun Razak announced the Budget 2018, with initiatives that deal with the wellbeing of the rakyat while addressing wide-ranging issues, from the rising cost of living, to shaping the workforce of the future.

The team at Deloitte Malaysia, Kuching, shares some of their views on the recently unveiled budget in Borneo Post.

Click here to read more about the article.

 

Media interviews

Sin Chew Daily – Will artificial intelligence (AI) replace accountants?

16 March 2018

Experts predict that artificial intelligence (AI) will replace accountants in the future. Is the future of accountants in jeopardy? As a 20-year veteran in the industry, Yee Wing Peng, Deloitte Malaysia Country Tax Leader provides insights and views on the onslaught of AI in the accounting industry. He also offers advice to young accountants on what to expect from the industry.

Click here to read the Chinese language interview.

 

China Press – The Malaysian government is likely to impose tax on the online economy this year

21 March 2018

According to experts, the Malaysian government is eager to introduce a new regulation or amend tax laws to tax the online economy. There is always a grey area for the taxation mechanism in this fast-growing and emerging industry online, according to Yee Wing Peng, Deloitte Malaysia Country Tax Leader. He also mentioned that the government, which has been maintaining a ‘wait and see’ attitude, is expected to bring back the plan of imposing a withholding tax.

Click here to read the Chinese language interview.

Click here to read more about the feature on The Edge Financial Daily.
Click here to read more about the feature on The Malaysian Reserve.Borneo Post - Upcoming tax exemptions and incentives in 2018

30 October 2017

Last week, Prime Minister Datuk Najib Tun Razak announced the Budget 2018, with initiatives that deal with the wellbeing of the rakyat while addressing wide-ranging issues, from the rising cost of living, to shaping the workforce of the future.

The team at Deloitte Malaysia, Kuching, shares some of their views on the recently unveiled budget in Borneo Post.

Click here to read more about the article.

 

Speaking engagements

CTIM Seminar – Transfer Pricing: Issues and Developments

7 March 2018

Theresa Goh, National Transfer Pricing Leader was invited by the Chartered Tax Institute of Malaysia (CTIM) to be a forum moderator at their seminar entitled ‘Transfer Pricing: Issues and Developments’, where panel members discussed recent changes to Malaysia’s TP guidelines and rules. The seminar, held at Sheraton Hotel, Kuala Lumpur, was well received by its 100 participants.

Click here to view photos of the seminar.

 

ECM Libra Talk – Strategy for 2018 and Safeguarding Your Legacy across Generations

15 March 2018

Thin Siew Chi, Private Wealth Executive Director and Chris Foong, Private Wealth Director were invited to be guest speakers on the topic ‘Safeguarding Your Legacy across Generations’, at an ECM Libra Talk which was held at the Sime Darby Convention Centre, Kuala Lumpur. Our private wealth experts shared their expertise and advice with more than 100 participants on how to plan and ensure their ‘legacy’ is passed on through generations to come.

Click here to view photos of the talk.

Click here to read more about the feature on The Edge Financial Daily.
Click here to read more about the feature on The Malaysian Reserve.Borneo Post - Upcoming tax exemptions and incentives in 2018

30 October 2017

Last week, Prime Minister Datuk Najib Tun Razak announced the Budget 2018, with initiatives that deal with the wellbeing of the rakyat while addressing wide-ranging issues, from the rising cost of living, to shaping the workforce of the future.

The team at Deloitte Malaysia, Kuching, shares some of their views on the recently unveiled budget in Borneo Post.

Click here to read more about the article.

 

Upcoming events

GST Academy - A series of practical and informative workshops

Module 1 - 18 April 2018
Module 2 - 8 May 2018

Since its implementation 3 years ago, the Malaysia GST regime has developed and evolved significantly. Without a good understanding of the current Malaysian GST rules and Customs guidance, businesses may inadvertently be over-claiming input tax credits, under-declaring output tax, or not complying with the requirements of the laws and thereby increasing the risk of penalties.

So, join us for a series of practical and informative half-day workshops specifically designed by our Indirect Tax team to cover the key aspects of GST and guide you through the changing landscape of GST as well as equip you with the needed knowledge when it comes to complying with the authorities.

Click here to learn more about our upcoming workshops.

 

Deloitte International Tax Symposium 2018

3 May 2018

The anti-Base Erosion and Profit Shifting (“BEPS”) measures introduced by the Organisation for Economic Co-operation and Development (“OECD”) constitute the most significant international tax reform in recent years.

Recently, Malaysia has signed the Multilateral Convention (“MLI”) to implement tax treaty-related measures to prevent BEPS. Given this, it is vital for CFOs and in-house tax specialists to fully understand the impact of the anti-BEPS measures and MLI on their groups’ operations, financing and holding structures as well as the transfer pricing position.

Join us for an intensive one-day symposium that is designed to provide you with an understanding on the key anti-BEPS measures and transfer pricing issues so that you are prepared to navigate through the changing landscape of international tax.

Click here to learn more about our upcoming event.

Past events

  1. (Penang) Industry 4.0: Future of Manufacturing Seminar (15 March 2018)
  2. (Johor Bahru, Penang) Transfer Pricing: New Reporting Requirements Seminar (19 March 2018, 22 March 2018)
  3. GST Workshop: A year in review (28 March 2018)

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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