Tax Espresso

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Tax Espresso October 2017

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

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

a. Public Ruling No. 5/2017: Taxation of Real Estate Investment Trust or Property Trust Fund

b. IRB Media Release: Important announcement for Institutions and Organisations approved under Section 44(6) of the Income Tax Act 1967

c. CC Sdn Bhd & Anor v KPHDN (SCIT)

d. Toxicol Sdn Bhd v KPHDN (High Court)

e. Flextronics Shah Alam Sdn Bhd v KPHDN (High Court)
 

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Recognition

Deloitte’s Tax Leader recognised as 2017 World’s Leading Transfer Pricing Adviser

17 September 2017

Congratulations to Theresa Goh, Deloitte’s National Transfer Pricing Leader for being recognised by Euromoney in the 2017 Guide as a World’s Leading Transfer Pricing Adviser.

This biannual guide is published by Euromoney and has become one of the most trusted resources for those who require access to the world’s leading practitioners in specific service areas. This recognition is important as it showcases Deloitte’s strength and consistency in the area of transfer pricing, and is a testimony to our growing eminence in the SEA region.

Click here to find out more regarding the accolade.

Deloitte’s Women Tax Leaders recognised as 2017 Women In Tax Leaders

27 September 2017

Congratulations to Ang Weina, Global Employer Services Leader; Sim Kwang Gek, Mergers & Acquisition Leader and Theresa Goh, National Transfer Pricing Leader for being recognised by the 2017 Women in Tax Leaders guide.

The guide by the International Tax Review recognises the top women leaders in tax who are making an impact in their respective jurisdictions and industries. This recognition is a reflection of Deloitte’s strength and consistency in the area of tax controversy as well as our growing eminence in the SEA region.

Click here to find out more regarding the recognition.

Deloitte Malaysia recognised as Tier 1 Transfer Pricing advisory practice

10 October 2017

The World Transfer Pricing is a directory of leading transfer pricing advisory firms around the world recognising transfer pricing practices that have a leading reputation in their jurisdiction, varied portfolio of work, offer a range of transfer pricing services, and boast a variety of different clients.

Deloitte Malaysia is proud to announce that we have maintained Tier 1 ratings along with other Deloitte Southeast Asia jurisdictions surveyed in the World Transfer Pricing 2018 directory. This is the second consecutive year that we have achieved this. Following Deloitte’s previous win as the Asia Transfer Pricing Firm of the Year 2017 awarded by the International Tax Review, this recognition is a testament to our transfer pricing capabilities.

Click here to find out more regarding the recognition.

Thought Leadership

Publications

Placing foreign digital firms in income tax net a challenge

29 September 2017

Deloitte Malaysia’s Asia Pacific Indirect Tax Clients, Markets & Industries Leader, Senthuran Elalingam was quoted in The Malaysian Reserve - September 29, 2017 on the issue of income tax on foreign digital firms.

Click here to read more about the special feature.

Malaysian consumers are worried over digital tax

29 September 2017

Deloitte Malaysia’s Asia Pacific Indirect Tax Clients, Markets & Industries Leader, Senthuran Elalingam was quoted in MSN Malaysia - September 29, 2017 on the issue of digital tax concerns by consumers.

Click here to read more about the special feature.

No tax hikes expected for Budget 2018

3 October 2017

Deloitte Malaysia’s Country Tax Leader, Yee Wing Peng was quoted in The Edge Markets - October 3, 2017 on the issue of Budget 2018 tax hikes.

Click here to read more about the special feature.

The dollars and cents of inheritance tax

3 October 2017

Tan Hooi Beng, International Tax Leader at Deloitte Malaysia has been quoted in The Edge Markets - October 3, 2017 on the issue of inheritance tax.

Click here to read more about the special feature.

Talent engagement

Xiamen University student internship at Deloitte 

8 September 2017

Twenty-one students from Xiamen University, Malaysia Campus (XUMC) interned at Deloitte Malaysia from 21 August to 22 September 2017. This internship aims to promote Deloitte Malaysia and XUMC’s long-term talent cultivation partnership and contribution towards the dynamic China-Malaysia talent pool.

The interns were assigned to 10 different departments. They not only actively participated in meetings related to Chinese clients and worked on various real cases, but also formed friendships with their department colleagues and developed their knowledge and soft skills throughout their time at Deloitte. During the internship period, a selected number of interns had an exclusive meeting with the Prime Minister's special envoy to China - Tan Sri Dato' Seri Ong Ka Ting. In order to promote the future development of interns in the university and their career prospects, Deloitte Malaysia’s Country Tax Leader, Yee Wing Peng designed a "Leadership" training program for the interns.

Further, the interns were given the opportunity to participate in Impact Day, Deloitte’s annual CSR program and one of the interns, Oh Xin Wei, even managed to win Deloitte Malaysia’s “Merdeka Day” Instagram contest. Before the internship ended, four interns were selected to have a short interview session with the Sin Chew Daily newspaper where they shared their internship experience at Deloitte. The internship was indeed a memorable experience for the students.

Click here to view photos of what our interns did during their time at Deloitte.

Upcoming events

Deloitte Tax Challenge 2017

31 October & 1 November 2017

We are proud to announce that this year will mark 10 years of making an impact through the Deloitte Tax Challenge!

The Deloitte Tax Challenge is an annual event for university and college students which aims to promote tax as a career option via a series of challenges and tests that provide participants real-life simulations of the tax profession.

Once again, we received overwhelming response this year - the highest number of participants in the history of DTC with 3,214 participating! This marks a remarkable 26% increase over 2,545 participants in 2016!

To find out more details about DTC 2017, click here.

Deloitte TaxMax – The 43rd series

22 November 2017

The 43rd series of TaxMax, brought to you exclusively by Deloitte Malaysia, will be making its return on Wednesday, 22 November 2017.

Themed ‘One bold step in the right direction’, the seminar will showcase perspectives that can lead you in the right direction in the current business landscape which is changing with unprecedented speed and uncertainty.

In addition, this full-day seminar will provide an in-depth analysis of the 2018 National Budget announcement on 27 October 2017.

To learn more about our upcoming event or to reserve your seats, kindly click here.

Past events

  1. Tax Audit Framework 2017 Seminar (12 September 2017)
  2. Revised Principal Hub Guidelines & Tax Incentives For Shared Service Centres Talk (29 September 2017)

Visit this page to view details about each past event.

Contact our Tax team if you need assistance.

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