Staying Ahead of the Latest Tax Developments and Issues in Malaysia

INTRODUCTION

With the ever-changing tax rules, this webinar provide you with an update and highlight on the main changes to the existing tax legislations, not to mention the latest tax developments including Public Rulings. It is important to monitor all tax updates not only to take advantage of any additional tax incentives but also to ensure compliance with the tax legislation.

COURSE OUTLINE

• Latest Gazette Orders published in 2023 and 2024

• Recent transfer pricing (TP) developments (changes/ implications)

• Latest Public Rulings and Tax Cases

• Current tax issues in Malaysia

• Penalties and Offences – Criminalization of Tax Offenses vs civil prosecution

PROFILE(s)

Yong Mei Sim has served over 35 years in the Inland Revenue Board of Malaysia (“IRB”) and held the last position as the Principal Assistant Director of the Penang branch, before retiring in 2016. She obtained a Bachelor of Science Degree majoring in Economics with a Second Class Upper from the University Science of Malaysia in Penang. She was later awarded the prestigious JPA scholarship to pursue and successfully completed her Master’s of Science in Taxation from the Golden Gate University in San Francisco, USA. During her tenure in office, she has been, inter alia, an audit manager in charge of the Payroll Taxes Unit, Field Audit and Desk Audit Unit. She had actively assisted the Federal Councils of the IRB in handling tax litigation cases. Among the landmark tax litigation cases which she was directly involved are ICTSB vs DGIR, PSSB vs DGIR and Marigold (M) Sdn Bhd vs DGIR. With her vast knowledge and experience in the field of Malaysian taxation, she has been invited by the IRB and other professional bodies to speak extensively around the country and to share her valuable experience and expertise on income tax updates and all other relevant taxation matters.