2024 Budget Seminar

INTRODUCTION

Join us at this year’s CTIM Budget Seminar which will provide participants with a practical understanding of the key tax changes presented in 2024 Budget Proposals.

Benefits to Participants:

• Obtain information and clarification from the Inland Revenue Board of Malaysia (IRBM) on the latest changes and impact to taxpayers with regard to the 2024 Budget Proposals.

• Get to know the key issues arising from the major Budget changes in 2024 and their impact on your business.

• Receive 8 CPD points recognised by MOF as one of the mandatory Budget Seminars for the purposes of Section 153, Income Tax Act 1967.

Who Should Attend:

• Chief Executive Officers

• Chief Financial Officers

• Financial Planners & Controllers

• Tax Agents

• Tax Advisors and Consultants

• Corporate Accountants

• Corporate Tax Managers/Executives

• Public Accountants

• Business Consultants

COURSE OUTLINE

Session 1

2024 Budget Proposals: Summary of Key Issues

Session 2

Forum Discussion: 2024 Budget Proposals and Finance Bill 2023

Session 3

Capital Gains Tax

Session 4

e-Invoicing in Malaysia

PROFILE(s)

Chow Chee Yen is currently the President of the Chartered Tax Institute of Malaysia (CTIM) and the Senior Executive Director of Grant Thornton Malaysia. He has more than 30 years of tax experience and was involved in tax engagements concerning cross-border transactions, tax diligence review, restructuring schemes, corporate tax planning, group tax review, inbound investments, and good and services tax (GST). Chee Yen’s expertise is in high demand and he is a prolific trainer/facilitator for tax workshops and seminars organised by professional bodies in Malaysia. In addition, he conducts in-house training for a government ministry, professional firms, and corporations as well as guest speaker for national and international conferences. He is a Fellow Member of The Association of Chartered Certified Accountants (FCCA) and a Chartered Accountant of the Malaysian Institute of Accountants (CA). He is also a graduate of the Malaysian Institute of Certified Public Accountants (MICPA) Examinations.

Fitriah Yusof is the Head of Tax at Maxis, the leading converged telecommunication solutions provider. She has over 20 years of experience in taxation including with Ernst & Young, and has been involved in all areas of taxation including tax compliance, tax accounting, reporting & governance, tax advisory, tax planning and optimisation, tax risk management, transfer pricing, indirect tax (GST and service tax) as well as tax audit, dispute and resolution. Her experience includes establishing a centralised tax function for a large group of companies with diverse industries. In leading in-house tax function, she is instrumental in establishing relevant tax strategies, policies, and procedures for the group. She also has vast experience in finance and tax business process transformation as well as involvement in leading edge accounting systems implementation.

Kelvin Lim is a tax consultant with experience in various aspects of Malaysian and international tax. Currently he leads PwC Malaysia’s Tax Policy, Technical & Research unit. His focus area includes provision of technical solutions to enable delivery of high-quality tax services, tax briefings to senior staff members and partners, providing feedback to the authorities on various tax policy matters, and capital gains tax. His professional associations include CTIM member and fellow of the ACCA. He was a former examiner of the MICPA-CAANZ’s Advanced Stage Examination (Taxation MY module).

Noorhaya Ibrahim started her career in Inland Revenue Board of Malaysia in 2002. She has more than 17 years of experience as customer care officer and tax auditor in Petaling Jaya Branch before joining the Policy Advisory Division, Tax Policy Department in 2019. She has been involved in the Budget Drafting Committee since 2019. Currently, she is a Section Director of Policy Review Technical Enhancement Division in Tax Policy Department.

Tan Hooi Beng is the Deputy Tax Leader of Deloitte Malaysia. He is also the International Tax Leader for Malaysia and Southeast Asia. He has more than 22 years of experience in corporate and international tax. He has vast experience in advising multinational corporations on corporate structuring and restructuring, mergers and acquisitions, international offshore financial centers, business model optimization, tax treaties, and cross-border taxation generally. In recent years, he has been very much involved in BEPS 1.0 and BEPS 2.0 related projects. He serves local and multi-national corporations in telecommunication products and services, software and hardware solutions, health and medical, manufacturing, real estate, oil and gas, hotel, retail and information technology industry, etc. Hooi Beng is a council member of the Chartered Tax Institute of Malaysia, a Chartered Accountant of the Malaysian Institute of Accountants, a member of The Malaysian Institute of Certified Public Accountants as well as a licensed tax agent under the Malaysian Income Tax Act, 1967. He holds a Bachelor of Accounting from the University of Malaya. Hooi Beng has been listed in the current edition of “The World’s Leading Tax Advisers” (Euromoney).

Yap Mei Sei has been in the tax practice over 18 years. She has extensive experience both in direct and indirect tax. Her clientele includes manufacturing & trading companies, hotels, retails, construction and property development, investment holding and etc. She assists clients in relation to tax compliance, tax planning, tax audit, incentives application, real property gains tax and stamp duty matters. She was involved in Goods and Services Tax (“GST”) implementation and various GST assignments since GST was first implemented in Malaysia in year 2014 and also work closely with Royal Malaysian Customs Department (“RMCD”) for GST Closure Audit assignments. She also involves in Sales Tax and Service Tax matters since its reintroduction in 2018.