Tax Espresso


Tax Espresso June 2017

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

In our June 2017 issue, we cover the following topics:

a) Tax implications arising from the Companies Act 2016

b) Tax Audit Framework 2017

Download the newsletter by clicking the download button on the right.

Click the links below to view the Tax Espresso archive:

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Thought Leadership

Speaking Engagement

Federation of Investment Managers Malaysia (FIMM) Industry Briefing on Common Reporting Standard (CRS)

17 May 2017

With less than a month before the effective start date of Common Reporting Standard (CRS) in Malaysia and the initiation of new account opening and documentation procedures, the Federation of Investment Managers Malaysia (FIMM) held a briefing on CRS to provide participants with insights to re-affirm and update their understanding on the fundamental CRS requirements as well as what they need to do to get their business into shape for the implementation of CRS.

The briefing was conducted by Deloitte Malaysia’s Financial Services Industry (FSI) Leader Chee Pei Pei and Associate Tax Director Mohd Fariz Mohd Faruk, who shared with the participants emerging CRS practices as well as common implementation issues that should be taken note of.

Click here to view photos of the briefing.

InvestKL Update Series 2017

18 May 2017

Tan Theng Hooi, Country Managing Partner at Deloitte Malaysia represented the Malaysian Institute of Accounting (MIA) as a council member and shared insights in a talk entitled “Malaysia – An Evergreen Investment Destination”. The talk was part of the Invest KL Update Series 2017 on Thursday, 18 May 2017 at Menara Suruhanjaya Malaysia.

Tan Hooi Beng, International Tax Partner at Deloitte Malaysia was also present to answer technical questions on withholding tax during the talk.

Click here to view photos of the event.

American Malaysian Chamber of Commerce (AMCHAM) Penang - The Future of Work talk

19 May 2017

Deloitte Malaysia’s Global Employer Services Leader, Ang Weina was invited as a guest speaker in “The Future of Work” talk on 19 May 2017 at Hotel Equatorial Penang by the American Malaysian Chamber of Commerce (AMCHAM) Penang.

Weina, who has more than 25 years of experience with Deloitte in Singapore, Japan and Malaysia dealing with employment taxes, mobility policies and immigration compliance, also touched on issues such as the impact of big data and HR analytics on talent management in organisations.

Click here to view photos of the talk.

Federation of Malaysian Manufacturers (FMM) GST Seminar - Latest Updates and Tax Audit Compliance

25 May 2017

The Sabah Representative Office of Federation of Malaysian Manufacturers organised a GST seminar at TH Hotel, Kota Kinabalu, on 25 May 2017, attended by 30 participants from various industries.

During the seminar, the Royal Malaysian Customs Department (RMCD) representatives spoke on the latest GST updates and how to prepare a proper GST-03 for submission, whilst Koh Siok Kiat, Deloitte Malaysia’s Indirect Tax Clients and Markets Leader, was invited to share insights on filing an appeal through the GST Appeal Tribunal, common GST adjustments and dealing with GST adjustments.

Click here to view photos of the seminar.

Talent Engagement

Chinese Services Group (CSG) - Xiamen University Malaysia (XMUM) Visit

15 May 2017

Continuing our commitment to talent development, Deloitte Malaysia’s Country Tax Leader Yee Wing Peng and Deloitte Malaysia's Real Estate Tax Leader Tham Lih Jiun were recently at Xiamen University Malaysia (XMUM) with our Chinese Services Group (CSG) to provide students with an insightful career talk on topics such as Malaysia’s investment environment, tax, immigration policy, GST and audit related questions.

The eager and bright-eyed participants also got a taste of life at Deloitte when Deloitte’s Audit Partner Stanley Teo and Audit Assistants Ma Bing Qing and Zhang Ai Jia shared their own experiences during a lively Q&A session. Warmly received by Wong Rui Fang, the principal of XMUM and university representatives, our Deloitte team certainly made a positive impact on XMUM students about to set foot into the professional world!

Click here to view photos of our visit.

Lecture on GST and exam answering techniques for ACCA P6 advanced taxation students

22 May 2017

On 22 May 2017, Tunku Abdul Rahman University College (TARUC) invited Deloitte Malaysia to provide a lecture for their ACCA students on GST topics and techniques to answer tax restructuring exam questions at a special workshop.

The information-packed session, conducted by Tax Manager Diamond Khanted, Senior Tem Kok Seong and Tax Assistant Thean Wei Nie, benefited approximately 200 TARUC students.

Click here to view photos of the lecture.

ACCA World Prize Program 2017
22, 24 & 26 May 2017

Since 2016, Deloitte Malaysia’s Tax Team alongside Tunku Abdul Rahman University College (TARUC) and ACCA Malaysia have worked together on the ACCA World Prize Program 2017 to grow and groom the next ACCA P6 World Prize winner.

The program covers seven aspiring ACCA students selected from TARUC who go through a four-month internship with Deloitte that provides intensive academic guidance covering the fundamental and technical areas of Malaysian Taxation, in order to become the ACCA P6 World Prize Winner.

The ACCA World Prize Program by Deloitte Malaysia is an incentive created by Yee Wing Peng, Deloitte Malaysia’s Country Tax Leader. Other team members from Deloitte who also played a vital role in making the program a success are Sim Kwang Gek, Mergers & Acquisitions Leader, Carol Eng, Michelle Lai, Joseph Teoh, Wong Yu Sann, Diamond Khanted, Tan Chia Woon, Owen Wong, Wendy Grace Wong, Tem Kok Seong, Thean Wei Nie, Jean Ee, Serene Liew and Jeremy Toh.

The month of May saw the final lap of preparations for the upcoming June 2017 sitting. From mock exams and intensive sessions on specific areas to question-answering techniques workshops, our aspiring world prize winners were given comprehensive support in their final preparations for the coming sitting.

We wish them all the best for June 2017!

Click here to view photos of the program.

Universiti Malaysia Sarawak (UNIMAS) - Budget 2016 and 2017 Updates Talk
26 May 2017

Deloitte Malaysia was invited as guest speaker for a talk on Budget 2016 and 2017 by Universiti Malaysia Sarawak (UNIMAS) on 26 May 2017. The talk was organised by the UNIMAS student body and supported by their department of economics and business as an exposure for students to understand the areas of income tax better.

The topics covered in the talk included tax updates brought by the Budget 2016 and 2017 as well as the issues arising from the updates. During the talk, Chai Suk Phin, Senior Tax Manager from Deloitte in Kuching covered the Inland Revenue Board’s (IRB) responses towards the tax updates and shared her insights with students.

The well-received talk also saw students actively asking questions on current issues surrounding the income tax landscape in Malaysia.

Click here to view photos of the talk.

Upcoming event

Big Data Analytics Seminar

15 June 2017

As an employer, do you leverage big data and HR analytics to positively impact your talent management and development programme? At the same time, are you aware of their risks?

Lisa Alton, Global Employer Services (GES) Partner from Deloitte Singapore will share insights on how to leverage HR data at an exclusive complimentary talk specially catered for Finance, HR, Mobility personnel, or professionals involved in managing their organisation’s talent strategy.

Click here to find out more about the seminar.

GST Essentials Training Workshop

19 June 2017

Without a good understanding of the current Malaysian GST framework and Customs practices, 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.

With this in mind, we have developed an updated one-day training program on the Malaysian GST Essentials. Delivered by GST professionals with a passion for the subject, this training should also provide you with an opportunity to ask questions or clarify concerns.

To provide greater value, we are also including a one-hour clinic session with our GST specialists to discuss specific issues faced by participants.

Click here to find out more about our GST Essential Training Workshop.

Past events

  1. Korean Services Group (KSG) Tax Seminar 2017
  2. GST Appeal Tribunal Workshop (East Malaysia)
  3. Real Estate Industry Taxation Workshop – Module 1 
  4. New Withholding Tax Regime Workshop 2017

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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