(Penang) Deloitte International Tax Symposium 2018
19 July 2018
The second Deloitte International Tax Symposium concluded successfully at G Hotel Gurney, Penang on 19 July 2018 with over 140 participants in attendance. Themed “Navigating the news landscape confidently”, the symposium featured Deloitte tax experts discussing significant topics such as the importance of differentiating royalty and service fee in the digital era, Transfer Pricing in the post-BEPS era, impact of U.S Tax reforms and BEPS Action 6 and 7.
Click here to view photos of the symposium.
International Trade and Regional Economic Situation Forum by Deloitte Chinese Services Group: Dialogue with Xu Sitao, Deloitte China Chief Economist
20 July 2018
On Friday, 20 July 2018, Deloitte Malaysia Chinese Services Group (“CSG”) hosted a forum in Mandarin on international trade and regional economic featuring Deloitte China Chief Economist Xu Sitao at our Kuala Lumpur office.
During the forum, Sitao shared his views on the topic of “US-China economic relations from a global perspective and how Southeast Asia will be impacted”. To broaden and enrich the content of the forum, the acting dean of the School of Economics and Management at Xiamen University Malaysia Campus, Professor Mike Leu Gwo-Jiun was invited to provide insights on whether the US-China economic relations, coupled with the change of government, will impact Malaysia’s position as a preferred investment location.
Port Klang Free Zone Chief Executive Officer, Dato’ Ong Chong Yi, alongside Sitao, Mike Leu, and a representative from ICBC Malaysia’s China Business Division were invited as guest speakers for the panel session on the topic of Malaysia’s “New government, new policy – explore the future opportunities and challenges”. The panel was moderated by Deloitte Malaysia Chinese Services Group Tax Leader, Tham Lih Jiun.
The forum successfully attracted more than 250 business representatives (both online and offline) from China-owned companies.
Click here to view photos of the forum.
Indirect Tax Academy: The Return of SST Seminar
25 - 26 July 2018
1 August 2018 (Held in Korean)
The much anticipated Sales Tax and Service Tax (“SST”) framework has finally been revealed on 19 July 2018 by the Royal Malaysian Customs Department (“RMCD”). The announcement was made to provide businesses a head start in their preparation for the re-introduction of the taxes. It is expected that the Sales Tax 2018 and Service Tax 2018 Bills would be passed in Parliament by August 2018, and come into force on 1 September 2018.
As it is vital to ensure a smooth transition from GST to SST and to integrate the taxes operationally, our Indirect Tax team conducted a seminar where our tax experts shared insights on the changes and on preparing SST readiness plans whilst addressing potential challenges.