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MDBC: 2024 Budget Update & e – Invoicing

January 30 @ 1:30 pm - 5:00 pm

Dear MDBC members,

For photos from this event, please click on the icon above.

Join us on Tuesday, 30 January for a special 2 – in – 1 HYBRID event:

* 2024 Budget Briefing by Deloitte Tax Services;
* Special Briefing on e – Invoicing by IRB Malaysia (Internal Revenue Board)

We will get into the details of updates on Budget 2024, themed “Reformasi Ekonomi, Memperkasakan Rakyat” (Economic Reform, Empowering People) and see what changes there have been on the budget, both corporate and personal.  Topics covered will include Personal Income Tax, Corporate and Other Taxes, Tax Incentives, Real Property Gains, Stamp Duty, and Indirect Tax.

The Government intends to implement e – Invoice in stages in an effort to enhance the efficiency of Malaysia’s tax administration management. This is in line with the Twelfth Malaysia Plan, where one of the key focus is on strengthening the digital services infrastructure and digitalizing the tax administration. e – Invoicing will enable near real – time validation and storage of transactions, catering to Business – to – Business (B2B), Business – to – Consumer (B2C) and Business – to – Government (B2G) transactions.  With the implementation timeline for e – Invoicing slated to start in August of this year, it’s important to learn more about e – Invoicing to prepare accordingly.  During our recent briefing on e – Invoicing by Deloitte, our members had many questions.  We have, therefore, now invited IRB for extra engagement.

HYBRID EVENT: As requested in the MDBC Members Satisfaction Survey (MSS), and specifically to cater to our outstation members in Penang and Johor, as well as those located in Singapore or in the Netherlands, we are pleased to offer this as a hybrid event.  Please see registration details for more info.

Date:  Tuesday, 30 January 2024
Time:  13:30 – 17:00 hrs
Venue: Level 3, Menara LGB
1 Jalan Wan Kadir, Taman Tun Dr. Ismail
Fees: Members – Complimentary per membership level; Additional registrations at RM 60 / pax
Non – Members – RM 100 per pax

Itinerary:

13:30 – 14:30 hrs: 2024 Budget Update by Deloitte (Personal income tax, corporate and other taxes, tax incentives, real property gains, stamp duty, and indirect tax)
14:30 – 15:30 hrs: Briefing on e – Invoicing by IRB Officer
15:30 – 16:00 hrs: Q&A with IRB Officer, Facilitated by Deloitte
16:00 – 17:00 hrs: Refreshment and Networking

Speakers:

LARRY JAMES STA MARIA (Director – Indirect Tax, Deloitte Malaysia)Larry has more than 25 years of experience in tax, covering, direct and indirect tax, in both tax consulting and corporate sectors.  He has advised and worked with clients from a diverse background of industries, assisting them on matters covering tax planning and structuring, advisory and compliance.  He has also led and managed GST and SST implementation projects across industries involving transaction, systems, and process analysis.  Larry previously held the position of Vice President in a Malaysian multi – national group of companies involved in the Plantation, Property, and Manufacturing industries.  He has a Bachelor’s of Business (Accountancy) from RMIT University Australia and is a member of CPA, Australia.

***

THIN SIEW CHI (Executive Director – Business Tax, Deloitte Malaysia)Siew Chi has more than 20 years of experience in both corporate tax compliance and tax advisory work.  She has served in a diverse portfolio of local and multi – national clients engaged in a wide range of industries such as telecommunications, technology, trading, manufacturing, property development, plantations, retail, investment holding, and other services sectors.  Her tax advisory experience includes advising on various financial and business transactions, international tax planning on cross border transactions (inbound and outbound investments), structuring of mergers and acquisitions as well as group restructuring exercises.  She is also experienced in leading corporate tax reviews, health checks, and performing tax due diligence work on companies in various industries.  Siew Chi holds a Bachelor’s of Commerce degree specializing in Accounting and Finance from the University of Melbourne, Australia, and is a member of CPA Australia, the Malaysian Institute of Accountants (MIA), and the Chartered Tax Institute of Malaysia (CTIM)

***

KRISTAL LENG (Senior Manager – Business Tax, Deloitte Malaysia)Kristal has close to 8 years of experience in corporate tax work.  She has extensive tax experience in cross border tax structuring, group tax planning, corporate tax restructuring, stamp duty, and Real Property Gains Tax Advisory assignments.  She has provided services to both multi – nationals and local incorporated entities from various industry sectors including consumer and industrial products, telecommunications, trading, manufacturing, services, property development, and banking industries.  She is a Fellow member of the Association of Chartered Certified Accountants, UK (ACCA).

Please note:

– This will be a HYBRID event. If you would like to register as an online participant, kindly indicate your status under “Optional Remarks” when registering online.

– A correctly completed registration form online will give you an automated e – mail response. In case you do not receive this automated acknowledgment, this means that your registration attempt didn’t come through and was not properly received by us. Kindly try again or e – mail us at .

The automated e – mail response mentioned above is NOT a confirmation of your registration acceptance. You will also need to receive a personal reconfirmation e – mail from MDBC to confirm the acceptance of your registration; this will reach you latest by one working day before the event itself.


REGISTRATION

Please register online via the form below.
By clicking and registering online you acknowledge the event guidelines.

Please register no later than Friday, 26 January 2024 (12:00 hrs)

Please note:
– A correctly completed registration form online will give you an automated e – mail response. In case you do not receive this automated acknowledgment, this means that your registration attempt didn’t come through and was not properly received by us. Kindly try again or e – mail us at .

The automated e – mail response mentioned above is NOT a confirmation of your registration acceptance. You will also need to receive a personal reconfirmation e – mail from MDBC to confirm the acceptance of your registration; this will reach you latest by one working day before the event itself.

Fill in all mandatory fields, scroll down to ensure you have completed all fields, and click submit; You should receive an immediate automated acknowledgement after submitting your registration.

Late cancellations (after Friday, 26 January  (12:00 hrs)) and no shows will be charged for this event at RM 60 / pax (members) and RM 100 / pax (non members).
Replacement / substitute participant(s) to avoid the no show charges are welcomed.

Please note: MDBC members complimentary registrations are per membership level
Orange: 2 pax / Silver: 3 pax / Gold: 4 pax / Individual / Career Members: 1 pax
Additional registrations by MDBC members after the allocation will be charged at RM 60 / pax.

We look forward to your attendance!

With best regards,
MDBC Secretariat

Details

Date:
January 30
Time:
1:30 pm - 5:00 pm
Event Categories:
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