2024 Budget Seminar

INTRODUCTION

The 2024 Malaysian Budget Proposals will be tabled in Parliament on Friday, 13 October 2023. 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.

COURSE OUTLINE

Session 1

2024 Budget Proposals: Summary of Key Issues

Session 2

Forum Discussion: 2024 Budget Proposals

Session 3

Energising the Malaysian Economy

Session 4

Updates of Capital Gains Tax (CGT) and Luxury Goods Tax (LGT)

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.

Dato’ Che Nazli Jaapar is currently the Under Secretary, Tax Division, Ministry of Finance (MOF), holding the position since February 2021. Prior to that, she was the Chief Operating Officer of SME Corp, Director of the Human Resource Management Division, Ministry of International Trade and Industry, and Chief Administration Officer, the National Palace. She holds a Degree in Business Administration (Finance) from the University of Tulsa, United States of America, Diploma in Public Management from National Institute of Public Administration, Malaysia. Dato’ Che Nazli has wide international exposure on Implementation of e-Invoicing: Mexico Experience (Mexico Tax Office), Tax Modelling (Australian Tax Office), Economic Policy Design (MOF Japan), Leadership and Strategic Change (University of Cambridge, UK), Innovation & Productivity in Public Administration (Switzerland), Leadership Development Program (London).

Dr. Veerinderjeet Singh has over 35 years of experience in the tax profession as a consultant, academic, author and tax observer. Prior to this appointment, he was the Managing Director of Taxand Malaysia since January 2007, and the Chairman from January 2012. Dr. Veerinderjeet Singh is currently a Council Member and Executive Committee Member of the MICPA. He is also currently the Chairman of the Taxation Committee of the MIA and a member of the Disciplinary Appeals Board of the MIA. Previously, Dr. Veerinderjeet Singh was the President of the Chartered Tax Institute of Malaysia between June 2007 to June 2010. He has also been a member of the Board of Trustees of the International Bureau of Fiscal Documentation, a tax publisher and research organisation based in Amsterdam, since May 2009, a Trustee of the Malaysian Tax Research Foundation since December 2010, and a member of the Tax Commission of the International Chamber of Commerce based in Paris since February 2012. He has also published articles and papers in various accounting, tax and law publications, and has spoken extensively on Malaysian and international tax matters in local and overseas conferences.

Manvinder Singh is currently the Group Tax Controller of FGV Holdings Group of Companies. His responsibilities entail the provision of comprehensive tax compliance and advisory for the Group including the implementation of GST and Transfer Pricing advisory and compliance. He is also involved in providing tax advisory in numerous corporate restructuring and pre and post-listing advisory of the Group. Prior to his current position, Manvinder was attached to the other Big 4 Public Accounting Firms and gained extensive experience in providing advisory and consultancy on cross-border investments. Currently, he is a Council Member of CTIM.

Steve Chia is a Council Member of CTIM and a Fellow of the Chartered Association of Certified Accountants (UK). He has over 22 years of experience within the tax practice and has undertaken high-value tax and business consulting projects for local conglomerates as well as multinational clients in various industries including property, infrastructure, logistics, manufacturing, trading, construction, as well as education. He has conducted client workshops and seminars on taxation matters as well is currently, a tax examiner for a leading UK professional body. Steve is a Tax Partner of PricewaterhouseCoopers Taxation Services Sdn. Bhd.

Thenesh Kannaa is a partner at TraTax who advises on both international tax and indirect tax matters to clients from diverse industries including manufacturing, services, distribution, retail, construction, property development, healthcare, financial services, shipping, automotive, telecommunications, societies, GLCs, and statutory bodies. Thenesh is a Council Member of CTIM, chair of the Technical Committee on Direct Tax I, and member of other technical committees. He is also a member of ACCA’s expert panel on taxation, a member of the Industry Advisory Panel for Taylor’s School of Professional Studies, and an exco member of the International Fiscal Association’s Malaysian branch. Thenesh is also the author of various books and articles on taxation.

Wan Suhaimie Saidie has more than 30 years of working experience 26 of which as an economist covering the financial markets. After receiving a degree in economics at the International Islamic University Malaysia in 1991, he joined The Star daily newspaper as a reporter and later as a financial correspondent for AFX Asia (A joint venture between Agence France Presse and Financial Times). He began his investment research career with PB Worldsec Securities (A Hong Kong-based brokerage, then a subsidiary of Mitsubishi Tokyo Bank) in 1996 as an equity analyst but shortly switched to macroeconomic research. Following the Asian financial crisis of 1999, he briefly returned to financial journalism and later joined AmInvestment Bank as an economist before joining Kenanga Investment Bank in 2006 as head of economic research. He currently sits on the board of trustees of the Malaysian Tax Research Foundation. He was also trained as a photojournalist at Brandenburg Berlin School of Journalism in Germany. His other main area of interest includes behavioral science, multi asset investment, risk management, blockhain digital asset technology, and history.

Woon Khai Jhek is a senior economist and head of the Economic Research department at RAM Rating Services Berhad. As part of the research unit, he undertakes macroeconomic analysis and projections on the Malaysian economy and contributes to the production of the Economic Outlook and Bond Market Monthly publications, as well as other topical research papers. In addition, he generates economic projections and house views on various topics and frequently provides briefings for clients and commentaries to media outlets. Khai Jhek’s work has been recognised by esteemed organisations. He came in third for accurately forecasting the 2021 Malaysian inflation rate at the Focus Economics Analyst Forecast Awards 2022. He has also consistently ranked highly in Reuters Polls for most accurate forecasting across a number of Malaysian economic indicators. Khai Jhek holds a BSc in Economics with an Academic Minor in Applied Statistics from the University of Michigan, USA. He is also a CFA Charterholder.