Deloitte TaxMax – The 45th series

Rebuilding the Economy for our Future

Opening address by the Chief Executive Officer of IRBM

Wednesday, 6 November 2019 7.30 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 45th TaxMax series, themed ‘Rebuilding the

Economy for our Future’ will showcase strategies,

challenges and expert views that can help you steer your

business landscape in the right direction, as our country

strives in an ecosystem that continues to be impacted by

digitalisation. This full-day seminar will cover an extensive

range of topics, as well as an in-depth analysis of the 2020

National Budget announcement scheduled for Friday, 11

October 2019.

Highlights

Special opening address by YBhg.

Dato’ Sri Dr Sabin Samitah, Chief Executive Officer of

Inland Revenue Board of Malaysia (IRBM)

Budget 2020

Forum Talkpoint: #ReadyMalaysia2020: Will the bull or bear

rule the year?

When special voluntary disclosure ends, what’s next?

Taxation of Digital Economy

Anti-Base Erosion and Profit Shifting (BEPS) measures

Who should attend

CEOs, CFOs, finance professionals and any discerning

individuals who wish to gain insights into the Budget, and

capitalise opportunities on a refreshed business landscape.

Programme

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Time Event Speaker(s)

7.30 a.m. Deloitte café and registration

• Power breakfast with interaction

8.20 a.m. Be seated

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

Officer, Inland Revenue Board of Malaysia (IRBM)

8.30 a.m. Opening address • YBhg Dato’ Sri Dr Sabin Samitah, CEO of IRBM

9.00 a.m. 2020 Budget:

• Personal income tax

• Corporate and other taxes, incentives

• Customs and indirect taxes

• Ang Weina and Chee Ying Cheng

• Mark Chan and Chia Swee How

• Tan Eng Yew

11.00 a.m. Coffee break

11.30 a.m. Forum Talkpoint:

• #ReadyMalaysia2020: Will the bull or bear rule the year?

Moderator: Sim Kwang Gek

• Encik Mohd Nakhafi bin Hassan, Head of Direct Tax

Section, Tax Division, Ministry of Finance

• Mr. Hew Wee Choong, Vice President, Investment &

Industry Development, Malaysia Digital Economy

Corporation (MDEC)

• Encik Wan Suhaimie bin Wan Mohd Saidie, Head of

Economic Research, Kenanga Investment Bank

• Mr. Pragalathen Krishnan, Country Controller &

Director, NXP Semiconductors Malaysia

12.45 a.m. Lunch

2.15 p.m. When special voluntary disclosure ends, what’s next?

• Impact of audit and investigation on companies

• Impact of AEOI on individuals

• Transfer pricing audits

Moderator: Stefanie Low

• Encik Syarein Abu Samah, Director, Non Resident

Branch, Inland Revenue Board of Malaysia

• Encik Jafni bin Hashim, Director, Tax Audit Policy and

Supervision Division, Tax Compliance Department,

Inland Revenue Board of Malaysia

• Chow Kuo Seng

• Theresa Goh

3.30 p.m. Taxation of Digital Economy

Present vs Future

Direct tax vs Indirect tax

Practical issues

Larry James Sta Maria

Thin Siew Chi

4.00 p.m. Tea break

4.15 p.m. Anti-Base Erosion and Profit Shifting (BEPS) measures

Action 6 – The end of treaty shopping and international tax

planning?

Action 7 – Permanent establishment – myth or reality?

Mr. K. Sandra Segaran, General Manager, Group Tax,

Petronas

Toh Hong Peir

5.30 p.m. Closing remarks and end of seminar

Encik Mohd Nakhafi bin Hassan

Head of Direct Tax Section, Tax Division, Ministry of Finance

Mohd Nakhafi bin Hassan is currently the Head of Direct Tax Section, Tax Division, Ministry of Finance, in

charge of formulating and reviewing corporate and individual tax policies. Prior to joining the Tax Division,

he was working in the area of Government Procurement.

He joined the Malaysia civil service in 2003 and has worked with a leading accounting firm as well as a

subsidiary of a state development corporation. He holds a degree in Accounting and Financial

Management from the UK and a post degree in Islamic Finance from INCEIF, KL in 2017.

YBhg Dato’ Sri Dr Sabin Samitah

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

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

Malaysia in December 2016. He is 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 Dr Sabin Samitah was elected as

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

Deloitte TaxMax – The 45th series

Deloitte TaxMax – The 45th series

Guest speakers

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Mr. Hew Wee Choong

Vice President, Investment & Industry Development, Malaysia Digital Economy

Corporation (MDEC)

Hew Wee Choong was appointed as the Vice President, Investment & Industry Development (IID) of

Malaysia Digital Economy Corporation (MDEC) in October 2016.

Hew oversees the business operations in the areas of investment from strategic planning, investment

attraction, to key client management. Supporting the local companies to go global is also a key mandate

that Hew oversees within division. Additionally, Hew looks into matters relating to the industry critical

enablers or eco-systems to ensure the continued development of the industry.

Hew has more than 22 years’ working experience. He graduated from La Trobe University, Australia in

1992 with a Bachelor of Science (Computing & Economics) and a Graduate Diploma in Economics. He

has extensive experience in private sector consulting as well as B2B (business to business) Sales and

Business Development. He started his investment attraction and facilitation role in another investment

promotion agency as a pioneer member in 2011. He led the Investor Relations team in attracting large

Fortune 500 or Forbes 2000 multi-national companies before moving into his current role in MDEC.

Deloitte TaxMax – The 45th series

5

Encik Syarein Abu Samah

Director, Non-Resident Branch, Kuala Lumpur, Inland Revenue Board of Malaysia (IRBM)

Syarein is currently the Director of Non-Resident Branch, Kuala Lumpur, Inland Revenue Board of

Malaysia, specialising in financial intelligence and investigation in both predicate and money laundering

investigation involving tax offences. He has almost 20 years of competitive and comprehensive

experience, in the areas of financial accounting and domestic taxation including assessment, audit,

investigation, executive leadership and planning duties.

Encik Wan Suhaimie bin Wan Mohd Saidie

Head, Economic Research, Kenanga Investment Bank Berhad

Wan Suhaimie bin Wan Mohd Sadie is the Head of Economic Research under the Investment Research

Department of Kenanga Investment Bank. He has 27 years of working experience, 22 of which was as an

economist. He began his investment research career with PB Worldsec Securities (a Hong Kong-based

brokerage and a subsidiary of Mitsubishi Tokyo Bank) in 1996. He started 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 a bank-backed brokerage before joining Kenanga Investment Bank

in 2006 as Head of Economic Research.

After pursuing a degree in economics from the International Islamic University Malaysia in 1991, he

joined The Star daily newspaper as a reporter and later as a financial journalist at AFX Asia (A joint

venture between Agence France Presse and Financial Times). His other main area of interest includes

behavioral economics, finance and history. He speaks at numerous economic and financial related

events both locally and abroad. In 2018, he received an invitation from the Japanese Centre of Economic

Research to speak at a conference on ASEAN Economy in Tokyo, Japan.

Mr. Pragalathen Krishnan

Country Controller & Director, NXP Semiconductors Malaysia

Praga is the Country Controller & Director for NXP Semiconductors Malaysia. He is responsible for the

overall financial, tax position and tax planning of the company in Malaysia. Prior to NXP Semiconductors,

his work experience spans 20 years. It include stints with a Big 4 accounting firm and US Multi-National

Companies, overseeing the companies’ financial position as well as strategy planning, investment and

compliance. He holds a Master in Business Administration (UK), and is a Chartered Accountant, a Fellow

of MIA, a Fellow of the Association Chartered Certified Accountants (FCCA) and ASEAN Chartered

Professional Accountants (ACPA). Praga also speaks at various tax forums and seminars.

Encik Jafni bin Hashim

Director, Tax Audit Policy and Supervision Division, Tax Compliance Department, Inland

Revenue Board of Malaysia

Jafni is currently the Director of Tax Audit Policy and Supervision Division, Tax Compliance Department,

Inland Revenue Board of Malaysia. He has 20 years of experience in the area of tax assessment, tax

audit, tax investigation (including anti-money laundering investigation), Enterprise Risk Management

(ERM) and tax collection.

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Mr. K. Sandra Segaran

General Manager, Group Tax, Petronas

Prior to joining Petronas, K Sandra Segaran was an Executive Director in a Big 4 accounting firm in

Malaysia where he served 8 years, including a stint of 3 years as the head of the International Tax team.

He started his career in Taxation at the Inland Revenue Board of Malaysia, where he served for 22 years.

He is a former council member of the Chartered Tax Institute of Malaysia from 2011 to June 2019 and

served as head of the Editorial Committee and editor of Tax Guardian for 3 years, before being

appointed as the current head of the Examinations & Education Committee. Segaran is also a trustee of

the Malaysian Tax Research Foundation, and a regular speaker in CTIM and in public seminars on various

tax topics.

Deloitte TaxMax – The 45th series

Ang Weina

Global Employer Services Leader

Weina has 29 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 Executive Director

Ying Cheng has over 21 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 21 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.

Chia Swee How

Real Estate Tax Leader

Swee How has more than 20 years of corporate tax experiences in Malaysia and Singapore. In Malaysia, he

has advised multinational/ group companies and business individuals on various land/ property

development/ construction projects, cross-border business transactions, transfer pricing exercises, supply

chain planning, mergers and acquisitions, setting up of complex private equity fund structures and goods

and services tax matters. Swee How’s sector coverage predominantly consisted of property developers,

construction companies, manufacturers and services companies.

Deloitte speakers

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Mark Chan

Financial Services Industry Executive Director

Mark brings with him over 15 years of experience in the public accounting practice and commercial sector

in corporate and GST compliance and advisory. As a tax consultant, Mark has served insurance clients in

all corporate tax related matters including tax compliance, dispute resolution, tax advisory, mergers and

acquisitions and tax due diligence. As a former in-house tax advisor to a local banking group and a

Malaysian headquartered global conglomerate, Mark also oversaw the income tax compliance, tax review

for new products and GST risk management for insurance entities in the respective groups which

included entities in life insurance, general insurance, family takaful and general takaful. Mark also served

as a member of the GST technical committee of the Chartered Tax Institute of Malaysia as a private sector

representative and represented life and general insurance companies at industry association

deliberations.

Tan Eng Yew

Indirect Tax Leader

Eng Yew has over 21 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 45th series

Theresa Goh

Transfer Pricing Leader

Theresa Goh is the National Transfer Pricing Leader of Deloitte Malaysia and carries more than 32 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 optimisation 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.

Chow Kuo Seng

Audit & Investigation Tax Leader

Kuo Seng has more than 31 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.

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Stefanie Low

Audit & Investigation Tax Executive Director

Stefanie was formerly an advocate and solicitor and has more than 19 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.

Deloitte TaxMax – The 45th series

Thin Siew Chi

Business Tax Executive Director

Siew Chi has more than 16 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.

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Toh Hong Peir

Malaysia Oil, Gas & Chemicals Sector Executive Director

Hong Peir is Deloitte Malaysia's Oil, Gas & Chemicals Sector Leader. He has more than 20 years of

experience in professional practice, commercial group and upstream oil and gas industry. Prior to joining

Deloitte, Hong Peir was a tax planning specialist of a US based independent energy company, covering Asia

Pacific upstream oil and gas taxation matters. He was also the Head of Tax of a Malaysian conglomerate,

covering banking & financial services, manufacturing, property development & investment industries and a

Senior Business Planner of an Oil & Gas super major.

Larry James Sta Maria

Indirect Tax Director

Larry has more than 20 years of tax experience behind him in both the tax consulting and corporate world.

Prior to joining Deloitte, he held the position of Vice President in a Group Tax function of a Malaysian multi-

national group of companies. His technical focus is on Sales Tax, Service Tax, Goods and Services Tax,

Customs and excise duties. His key client and industry focus is in property and construction, services and

manufacturing.

Deloitte TaxMax – The 45th series

Registration

When and where

Date: Wednesday, 6 November 2019

Time: 7.30 a.m. – 5.30 p.m.

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

Payment details

Company name:

Bank name:

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Deloitte Tax Services Sdn Bhd

Standard Chartered Bank Malaysia Berhad

18-22, Jalan SS21/39,

Damansara Utama, 47400 Petaling Jaya,

Selangor Darul Ehsan, Malaysia

SCBLMYKXXXX

620-194-720-320

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10

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