Deloitte TaxMax – The 44th series

#ReadyMalaysia2019: A refreshed landscape

Keynote address by the Chief Executive Officer of IRBM

Tuesday, 27 November 2018 8.00 a.m. – 5.30 p.m. One World Hotel, Bandar Utama City Centre, Petaling Jaya

An event by Deloitte Tax Academy

Overview

Key takeaways

This year’s 44th TaxMax series, themed ‘#ReadyMalaysia2019:

A refreshed landscape’, will showcase perspectives that will

provide insights to a refreshed business landscape which is

changing with unprecedented speed and uncertainty.

This full-day seminar will cover an extensive range of topics

highlighted below, as well as an in-depth analysis of the 2019

National Budget announcement scheduled for Friday,

2 November 2018.

Highlights

Special keynote address will be given by YBhg.

Dato’ Sri Sabin Samitah, Chief Executive Officer of

Inland Revenue Board of Malaysia (IRBM)

2019 Budget: A new Malaysia 1.0

Forum Talkpoint: #ReadyMalaysia2019: A refreshed

landscape

Navigating the transfer pricing and international tax

landscape confidently

MFRS 15 & 16: Impact to your tax and financial reporting

The Court Beholds: Be prepared from the decisions of the

latest tax cases

Who should attend

CEOs, CFOs, finance professionals and any discerning

individuals who wish to gain in-depth insights with regards to

the Budget, and capitalise opportunities on a refreshed

business landscape.

Deloitte TaxMax – The 44th series

Programme Time Event Speaker(s)

8.00 a.m. Deloitte café and registration

• Power breakfast with interaction

8.45 a.m.

9.15 a.m. 2019 Budget: A new Malaysia 1.0

• Personal income tax

• Corporate and other taxes, incentives

• Customs and indirect taxes

• Ang Weina and Chee Ying Cheng • Chee Pei Pei and Thin Siew Chi • Tan Eng Yew and Senthuran

Elalingam

11.45 a.m. Forum Talkpoint:

• #ReadyMalaysia2019: A refreshed landscape Moderator: Sim Kwang Gek

• Dato’ Ng Wan Peng, COO of Malaysia Digital Economy

Corporation (MDEC)

• Toh Beng Siew, CFO of IBM Malaysia

• Prof. Yeah Kim Leng, Professor of Economics,

Sunway University Business School

2.00 p.m. Navigating the transfer pricing and international tax

landscape confidently:

Managing transfer pricing and dispute resolution in the post-

BEPS era

Managing PE risk and understanding anti-treaty shopping rules

Why is it crucial to differentiate between royalty and service

fee?

Other issues in vogue: Substance, digital economy etc.

3.15 p.m.

Shaharrudy Othman, Director, Department of

International Taxation, Inland Revenue Board of

Malaysia (IRBM)

Theresa Goh

Tan Hooi Beng

Subhabrata Dasgupta

4.15 p.m.

MFRS 15 & 16: Impact to your tax and financial

reporting • Tham Lih Jiun

• Izzad Shamsudin

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4.00 p.m. Tea break

1.00 p.m. Lunch

11.15 a.m. Coffee break

The Court Beholds: Be prepared from the decisions of

the latest tax cases

A theatre session

• Chow Kuo Seng

• Stefanie Low

• Chandran TS Ramasamy

5.30 p.m. Closing remarks and end of seminar

9.00 a.m.

Be seated

Arrival of YBhg. Dato’ Sri Sabin bin Samitah, Chief Executive

Officer, Inland Revenue Board of Malaysia (IRBM)

• YBhg. Dato’ Sri Sabin Samitah, CEO of Inland

Revenue Board of Malaysia (IRBM)

Keynote address

Deloitte TaxMax – The 44th series

Guest speakers

Dato’ Ng Wan Peng

Chief Operating Officer, Malaysia Digital Economy Corporation (MDEC)

Dato’ Ng Wan Peng is the Chief Operating Officer (COO) of Malaysia Digital Economy Corporation (MDEC).

MDEC is a government-owned agency to pioneer the transformation of Malaysia’s digital economy,

responsible for the development, coordination, and promotion of Malaysia’s digital economy, information

and communications technology (ICT) industry, and the extensive use of ICT in Malaysia.

Dato’ Ng Wan Peng is no stranger to anyone involved in the ICT business in Malaysia. After graduating from

Universiti Sains Malaysia in the nineties, she joined SAPURA as a systems engineer where she moved up the

ranks as project manager, program manager before leaving to join MDEC (previously known as Multimedia

Development Corporation) in 1999. Since then she has been a core and pioneer member of MDEC

initiatives. Today, as the COO, she is responsible for strategic execution of MDEC’s initiatives to support

digital economy, including: 1. Attracting investors, globalising local tech champions; 2. Catalysing industry-

driven digital ecosystem; 3. Building critical enablers of the digital economy, and 4. Driving inclusive

adoption of technology.

She has more than 25 years’ Industry experience in managing large-scale projects, in the areas of Strategic

IT Planning, Project Management, Systems Integration, and Methodologies Development. Dato’ Ng has

been consulted for both private and public sector organizations in IT policy and project implementation

across government, defense and education sectors in Malaysia and abroad. In 2015, Dato’ Ng Wan Peng

was conferred Darjah Setia Pangkuan Negeri (D.S.P.N) by Yang di-Pertua Negeri Pulau Pinang in recognition

of her leadership, dedication and positive contributions to drive and expand digital economy’s footprint in

Malaysia and globally.

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Toh Beng Siew

Chief Financial Officer, IBM Malaysia

Toh Beng Siew is the Chief Financial Officer at IBM Malaysia. Prior to this, she was the Head of IBM’s Regional

Accounting Center in Kuala Lumpur covering the Asia Pacific region. Over the past 25 years, Beng Siew has

held leadership roles in operations, financial and management accounting that provide support to various

segments of the IBM business worldwide including consolidation, controls, revenue, cost, expense, balance

sheet, tax and statutory reporting. She is a sought after speaker at local and regional conferences where she

speaks about the impact of technology on the accounting and finance professions.

Beng Siew is currently leading the Global Business Services Task Force in CPA Australia and is also a member

of the Malaysian Institute of Accountants. She also on the board of Sunway University Business School as an

industry advisor. Beng Siew graduated in accounting and business from Unitec, New Zealand.

Dato’ Sri Sabin Samitah

Chief Executive Officer, Inland Revenue Board of Malaysia (IRBM)

Dato’ Sri Sabin Samitah was appointed as the Chief Executive Officer of Inland Revenue Board of Malaysia

in December 2016 and also a member of the Board of Inland Revenue. He has a wealth of experience in

tax administration, having served in senior capacities in all core functions of the tax administration for

more than 32 years, including Director of several branches, Director of Investigation Department, State

Director, Director of Revenue Management Department, Deputy CEO (Management) and Deputy CEO

(Tax Operations) prior to his appointment as Chief Executive Officer.

He holds a Bachelor degree from National University of Malaysia and is a Fellow Member of the Chartered

Tax Institute of Malaysia (CTIM). He also holds a certificate in Senior Leadership from Razak School of

Government with the collaboration of University of Oxford and Harvard Business School. At the

international front, following his appointment as CEO of IRBM, Dato’ Sri Sabin Samitah was elected as

President of the Commonwealth Association of Tax Administrators (CATA) for the period 2016-2018.

Deloitte TaxMax – The 44th series

Prof. Yeah Kim Leng

Professor of Economics, Sunway University Business School

Prof. Yeah Kim Leng is the Professor of Economics at Sunway University Business School and Director of

Economic Studies Program at Jeffrey Cheah Institute on Southeast Asia (JCI) at Sunway University. He

assumed the current positions in May 2016 following a 2-year stint as a business school dean in another

local private university.

Prior to joining the academia, he had worked at the country’s first credit rating agency (RAM Holdings Bhd)

for 20 years principally as the chief economist and managing director of its wholly owned consultancy

services subsidiary. Before RAM, he was a senior analyst at the Institute of Strategic and International

Studies (ISIS) Malaysia. He holds an MBA and a PhD in Agricultural and Resource Economics from the

University of Hawaii, USA, both obtained under the East-West Center degree participant award.

Prof. Yeah is currently a Vice-President of the Malaysian Economic Association, a trustee of the Malaysian

Tax Research Foundation (MTRF), a member of the National Consumer Advisory Council at the Ministry of

Domestic Trade, Co-operatives and Consumerism and one of the two external members of Bank Negara

Malaysia’s Monetary Policy Committee.

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Shaharrudy has accumulated almost 20 years’ experience in tax administration, including stints in audits,

investigations and various management positions. He currently holds the post of Director at the IRBM’s

Department of International Taxation.

His current roles involve various international taxation areas such as leading the tax treaty, MAP and APA

working teams; setting Malaysian transfer pricing policies; overseeing the implementation of exchange of

information activities; providing consultation on international tax issues; and managing international

relations with other tax authorities. Shaharrudy graduated with a Bachelor in Accounting and Finance,

from the University of Manchester and a Masters in Management from the International Islamic

University of Malaysia.

Shaharrudy Othman

Director, Department of International Taxation, Inland Revenue Board of Malaysia (IRBM)

Deloitte TaxMax – The 44th series

Deloitte speakers

Ang Weina

Global Employer Services Leader

Weina has 28 years of experience and leads the Global Employer Services (GES) team in managing

employer-employee tax regulatory and advisory matters including international immigration solutions. She

has spoken at GES conferences in Europe, USA and Asia and is an appointed mentor in the National

Women In Leadership Programme under the Malaysian Economic Transformation Programme. Weina is

also recognised in the Women in Tax Leaders Guide for Malaysia by the International Tax Review.

Chee Ying Cheng

Global Employer Services Director

Ying Cheng has over 20 years of cumulative experience from major accounting firms. Her primary role is

advising on mobility management including employment tax matters, immigration compliance and shared-

based compensation schemes. Prior to her joining Deloitte, she led the mobility practice of a multinational

company as an in-house support in managing global mobility movements covering areas such as cross-

border employment taxes, mobility policies, immigration compliance and employer’s payroll compliance in

multiple tax jurisdictions.

Sim Kwang Gek

Country Tax Leader

Kwang Gek is the Malaysia Tax Leader and Malaysia M & A tax practice leader. She has over 20 years of

experience in tax with extensive experience in advising local and multinational companies on inbound and

outbound investments, restructuring of operations, mergers and acquisitions, incentive evaluation and

applications, regulatory applications to various government agencies, establishment of businesses in

Malaysia as well as managing the tax compliance affairs of a portfolio of clients. Kwang Gek is listed in the

Women in Tax Leaders Guide for Malaysia by the International Tax Review.

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Tan Hooi Beng

Deputy Tax Leader

Hooi Beng leads the International Tax service line and has more than 20 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 centres, business model optimisation, tax

treaties and cross-border taxation generally. An avid writer and speaker, he regularly contributes thought

leadership content in print media and takes part in speaking engagements. Hooi Beng has been listed in the

current edition of “The World’s Leading Tax Advisers” (Euromoney).

Chandran TS Ramasamy

Indirect Tax Director

Chandran has over 20 years of working experience in indirect tax advisory, due diligence, planning and

analysis. He has been advising clients in a diverse range of industries. Besides being an integral part of

advisory and dispute resolution on matters relating to customs, SST and the former GST, Chandran has

assisted clients to address anti-profiteering measures that were implemented by MDTCC under both the

old and new regimes of anti-profiteering law.

Chee Pei Pei

Financial Services Tax Leader

Pei Pei has over 20 years of experience in business tax and expatriate tax matters. Her clients’ engagements

includes both MNCs and companies listed on the KLSE. She currently leads the FSI and private wealth practice

in Malaysia. Her industry focus is in the banking and insurance related corporations. She has also lead the

FATCA advisory for financial institution and involved in project management and implementation of CRS for

financial institutions in Malaysia. She is also the Korean Service Group leader for Deloitte Malaysia.

Stefanie Low

Audit & Investigation Tax Executive Director

Stefanie was formerly an advocate and solicitor and has more than 18 years of experience in tax and legal

practice. Stefanie focuses on corporate tax compliance, tax advisory, tax audit, tax investigation and dispute

resolution. She has extensive experience in tax structuring, tax due diligence, mergers and acquisitions, cross-

border transactions, infrastructure projects including reviewing tax assumptions, agreements and

documentation. She uses her extensive experience effectively in managing tax controversy matters.

Tan Eng Yew

Indirect Tax Leader

Eng Yew has over 20 years of experience in the areas of customs, excise, sales, service tax and GST. He

currently advises clients on various indirect tax matters, including impact on proposed transactions,

indirect tax reviews and due diligence and client representation with the relevant tax authorities. He has

also represented clients in various disputes before the customs authorities and before the Customs

Appeal Tribunal. Eng Yew actively contributes to Chartered Tax Institute of Malaysia (“CTIM”) and is

currently a member of the CTIM’s Technical and Public Practice Committee, Examination Committee and

also GST committee. Eng Yew is also recognised as an Indirect Tax and Tax Controversy Leader by the

International Tax Review.

Deloitte TaxMax – The 44th series

Senthuran Elalingam

APAC Financial Services Indirect Tax Leader

Senthuran has over 15 years of experience advising on indirect tax matters in Australia, China and

Malaysia with a specific focus on Financial Services. He currently leads the Indirect Tax FSI practice for

Deloitte Malaysia, and his experience includes advising a number of Malaysian and multinational banks

and insurers on the implementation of GST and reimplementation of SST. Senthuran is recognised as an

Indirect Tax and Tax Controversy Leader by the International Tax Review.

Subhabrata Dasgupta

Transfer Pricing Executive Director

Subharata Dasgupta is an Executive Director in the Transfer Pricing service line of Deloitte Malaysia. He has

extensive experience working for Deloitte’s network of offices in Asia, the EMEA and the Americas on global

and regional transfer pricing documentation and planning engagements. Subha has more than 10 years of

experience in serving clients from varied industries: electronics and electrical, pharmaceuticals, real estate

and construction, financial services, telecommunications, oil and gas, primary and secondary metal

manufacturing, agri-business, and aerospace and defence, among others. Currently, he is leading the TP

Technology and FSI offerings from Deloitte in Malaysia.

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Chow Kuo Seng

Audit & Investigation Tax Leader

Kuo Seng has more than 30 years’ related experience in taxation and audit. His experience in A&I

controversy management includes providing tax advisory/consultancy and managing compliance work for

local and multinational companies as well as high net-worth individual clients and prudential audit review

for tax risk management purposes. Kuo Seng was recognised as a Tax Controversy Leader by the

International Tax Review.

Izzad Shamsudin

Business Advisory Leader

Izzad leads Business Advisory Services in Deloitte Malaysia. His experience spans 12 years in the public

accounting practice and across a wide range of multinational and public-listed companies from various

industries, including financial institutions and financial markets, manufacturing, retail, media and commerce.

He is also a licensed audit partner. Prior to joining Deloitte, he has held the position of Head of Finance and

ICT in a multi-national establishment and Audit Senior Manager with another professional services firm. He

was also a manager in an advisory practice specialising in banking and capital markets.

Theresa Goh

Transfer Pricing Leader

Theresa Goh is the National Transfer Pricing Leader of Deloitte Malaysia and carries more than 30 years’

experience as a tax professional encompassing both tax and transfer pricing matters. She is based in Kuala

Lumpur, and her experience covers transfer pricing, tax audits, investigations, tax advisory work, supply

chain management and business model optimization projects for clients in a wide range of industries,

including manufacturing, services, telecommunication and the oil and gas sectors. Theresa’s experience in

tax and transfer pricing controversy management includes preparation of strategy for litigation involving

anti-avoidance issues and application of alternative transfer pricing methods during audits. She also has

assisted clients to conclude the first-ever, and all three advance pricing agreements (APAs) signed in

Malaysia to date. Under Theresa’s leadership, Deloitte Malaysia won the Lawyer Legal award 2015, Transfer

Pricing Law Firm of the year – Malaysia and has achieved consistent Tier 1 ranking in the World Transfer

Pricing Guide published by the International Tax Review.

Deloitte TaxMax – The 44th series

Thin Siew Chi

Business Tax Executive Director

Siew Chi has more than 15 years of experience in both corporate tax compliance and tax advisory work

serving a diversified portfolio of local and multinational clients engaged in a wide range of industries such as

trading, manufacturing, telecommunications, technology, plantations, property, retail and other services

sectors. Her tax advisory experience includes advising on various financial and business transactions, tax

incentives, international tax planning on cross border transactions (inbound and outbound investments),

structuring of mergers and acquisitions, group restructuring exercises, tax review and tax due diligence

work.

Your hosts

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William Ong

Sofiah Shuhada

Tham Lih Jiun

Government Grants & Incentives Tax Leader

Lih Jiun has over 20 years of working experience in taxation specialising in group tax efficiency review and

has undertaken many investment structuring for property development companies in Malaysia. She has

also undertaken many assignments advising on mergers and acquisitions for local and multinational

companies, cross border tax structuring, acquisition of foreign assets / investments, tax incentives, etc.

Deloitte TaxMax – The 44th series

Registration

When and where

Date: Tuesday, 27 November 2018

Time: 8.00 a.m. – 5.30 p.m.

Venue: One World Hotel, Bandar Utama City Centre, Petaling Jaya

Payment details

Company name:

Bank name:

Bank address:

Deloitte Tax Services Sdn Bhd

United Overseas Bank (Malaysia) Berhad

1, Jalan SS21/58, Ground Floor,

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47400 Petaling Jaya, Selangor

UOVBMYKL

202-301-9827

To register / enquire

Contact persons:

Halimah Tun Hussain (main) / Zarina Ibrahim / Alicia Fatima

Telephone: +603 7610 8126 / +603 7610 8130 / +603 7610 7993

Email: mytaxmax@deloitte.com

Online registration: Click here.

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HRDF* and CPEs

HRDF: Application to Human Resources Development Berhad

(HRDB) for SBL assistance must be submitted by the participants

before the commencement of the seminar. Completed forms are

to be submitted online at www.hrdf.com.my.

Registration details

• Closing date: 30 October 2018

• Registration will deem full payment

• No refund or cancellation upon registration

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verification.

Seminar fee

Early bird registration by 30 October 2018

• RM950 per delegate

• RM850 each for group booking of 2 - 4 delegates

• RM750 each for group booking of 5 or more delegates

*Company's eligibility for SBL assistance is subject to HRDF's

approval. This seminar is HRDF-compliant.

Registration received after 30 October 2018

• RM990 per delegate

• RM890 each for group booking of 2-4 delegates

• RM790 each for group booking of 5 or more delegates

Details of your registration and participation in this event will be collected by Deloitte in accordance with our Privacy Policy, located at http://www.deloitte.com/my

9

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