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MDBC: KPMG 2021 Budget Briefing
November 23, 2020 @ 2:30 pm - 4:00 pm
Dear MDBC Members,
Malaysia’s Budget 2021 “Stand United, We Shall Prevail” was unveiled on 6 November 2020. The Government has declared that the budget focuses on the Rakyat’s well – being, business continuity, and economic resilience amid the COVID – 19 pandemic. According to the Government, various measures are put in place to tackle the adverse effects arising from the COVID – 19 pandemic, such as the introduction of new tax incentives to revitalize the Malaysian economy and encourage foreign investments into Malaysia.
The Government announced it also continues to support the Rakyat by expanding existing tax reliefs which would in turn reduce the financial impact on the Rakyat. To counter the various measures and generate additional revenue, the Government has proposed to tighten and revise the “sin tax” mechanism on tobacco products, including electronic cigarettes. The Government has also introduced proposals to simplify and relax conditions for special facilities in which certain industries can operate in.
KPMG Malaysia is pleased to conduct this upcoming webinar which will focus on the tax – related measures introduced in Budget 2021. The KPMG speakers will walk you through the Budget 2021’s key proposals and provide insights on how the proposals may impact individuals and businesses.
Date: Monday, 23 November
Time: 14:30 – 16:00 hrs
Ong Guan Heng (Executive Director – Corporate Tax Services, KPMG Tax Services)
Guan Heng is an Executive Director in KPMG Malaysia’s Tax Practice and has over 20 years experience in the field of tax, advising clients mainly on direct tax matters and cross border transactions.
He has serviced a diversified portfolio of clients comprising of public listed and multinational companies from various industries including financial services, trading, manufacturing, investment holding, construction, transportation, pharmaceutical, property development and services industry. Guan Heng has built vast technical knowledge and experience in tax consulting, tax planning and tax review works. He is well versed in the practical aspects of taxation practice in Malaysia and has good knowledge of international taxation principles. Guan Heng is also involved in assisting companies with tax dispute resolutions with the tax authority.
Some of his major tax assignments include advising on in – bound and out – bound investments, mergers and acquisitions, tax restructuring, tax incentives, tax issues pertaining to financial structure / products, and permanent establishment issues.
Lim Wai Yin (Executive Director – Corporate Tax Services, KPMG Tax Services)
Wai Yin has over 18 years of working experience in tax practice and investment banking.
Her taxation experience covers corporate tax advisory and compliance services. She has serviced a diversified portfolio of clients from various industries including financial services, manufacturing, trading sectors, property development and construction, hospitality, healthcare, and education, etc. She is well versed in the practical aspects of taxation practice in Malaysia and has good knowledge of international taxation principles. She is experienced in advising on cross-border transactions and has also assisted clients in liaising with regulatory authorities to apply for tax incentives, tax exemptions and reliefs. She has been involved in conducting trainings for both internal and external participants and has authored several articles on taxation matters.
Cheah Wai Ling (Director – Indirect Tax, KPMG Tax Services)
Wai Ling has over 10 years of working experience in tax practice on both Corporate Tax and Indirect Tax. She advises on Malaysian tax issues and has assisted numerous leading overseas and locally headquartered multinationals.
Her clients come from a diverse range of industries, including manufacturing, retail, insurance, trading, services, and plantation. For Indirect Tax, Wai Ling has been involved in both Goods and Services Tax (GST) and Sales Tax and Service Tax (SST) engagements with experience assisting clients with their GST and SST implementation projects, compliance services, advisory services, and health check exercise. She was also involved in liaising with the Royal Malaysian Customs Department and Ministry of Finance to seek clarification on GST and SST issues on behalf of clients.
This event is for MDBC members only. Non – members can contact us to register for a fee of RM 50 per person. Please register online via the form below.
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Fill in all mandatory fields, scroll down to ensure you have completed all fields, click submit, and you should receive an immediate automated acknowledgement after you register for this event.
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Please register no later than Friday, 20 November (12:00 hrs).
All registered guests will receive a confirmation latest by Monday, 23 November with further details on how to log in for this webinar; Please contact us if you do not receive this acknowledgement or confirmation.
We look forward to your attendance!
With best regards,