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2016 Malaysian Budget - Tax & GST Update & Planning Seminar

Date : 3rd November 2015
Time : 9:00 am To 5:00 pm
Venue : Armada Hotel, Petaling Jaya

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In May 2015, the Government unveiled the 11th Malaysia Plan covering the period of 2016 to 2020. The 11th Malaysia Plan is said to be the "final leap or round before entering the arena to achieve the status of the high income nation come 2020". It has 2 very distinctive thrust ie. bring pro-growth & pro-people government. Hence Budget 2016 will act as the trigger to the final 5 years of Malaysia's progress to a higher income advanced economy by 2020.
Budget 2016 is expected to demonstrate how these 2 broad strategic thrust can be translated into various fiscal measures in the form of direct taxes (income and RPGT) as well as the Goods & Services Tax (GST) treatment and rulings. This Budget is also the 1st Budget where the Royal Malaysian Customs will get to share the lime-light with their more conspicuous partner ie. The Inland Revenue Board on the stage.
We have lined ip a panel of distinguished speakers with their respective expertise to present their critical analysis of the Budget announcement as well as a review of some of the latest developments with tips and suggestions (where relevant) for you to plan for the coming 2016 and to face a potentially tough economic conditions ahead.

Session 1 : 2016 Economic Market Outlook. (Speaker : Lee Heng Guie)

  • The 2016 Malaysian Budget from the economic perspective.
  • Performance of the Malaysian economy & the economic outlook for 2016.

Session 2 : 2016 Malaysian Budget - Tax Proposals. (Speaker : Sivaram Nagappan)

  • An in-depth analysis of the tax proposals in the 2016 budget.
  • The impact to the corporates, businesses & individuals.
  • Tax planning opportunities.

Session 3 : Recent Tax Development. (Sivaram Nagappan)

Review of recent public rulings and case laws including :

  • Public Ruling on entertainment expenses.
  • Public Ruling on capital allowances.
  • Tax audit framework 2015.
  • Taxation on GST input tax.
  • Guidelines on foreign exchange gain or loss.

Session 4 : GST Update & Issues. (Speaker : Goh Kean Hoe)

  • Latest update on GST law & rules.
  • Common errors & practical issues
  • Appeal to GST Tribunal (Latest).

Lee Heng Guie had 30 years of professional experience as an economist, with almost 12 years in Bank Negara Malaysia and 18 years in financial services. Since 2002, he was the Head of Economics Research with CIMB Investment Bank Berhad before retiring in May 2014. He supervised a team of five economists covering global and regional economists, with particular emphasis on Malaysia, Indonesia, Singapore and Thailand.

Mr. Lee served in the Economics Department of Bank Negara Malaysia (BNM) from 1984-1996. His responsibilities as Senior Economist and Assistant Manager included policy formulation in areas related to the balance of payments, manufacturing, construction and investment sectors. He also participated actively in BNM's research policy work and co-authored the publication of discussion papers and BNM's Annual Report articles.

Mr. Lee then worked as an economist with M&A Research from 1996-1998 before moving on to be Chief Economist with HLG Securities until February 2002. He was Head of Economic Services Unit in Hong Leong Bank before joining CIMB Securities (Research) as the Head of Economics in October 2002.

Mr. Lee is the recipient of many awards: He was voted "Best Economist" in The Edge Polls twice and ranked top 3 four times from 2000-2008; "Best Economist" by the Asset Magazine Hong Kong- Local Currency Bond Market of Malaysia in 2007. He also led CIMB Macroeconomic research to be ranked among top 3 for nine consecutive years (2005-13) in the Asiamoney Polls.

Mr. Lee hold a BA (Hons) majoring in Economics from University of Malaya, Malaysia and a Master's Degree in Development Economics from Williams College, USA.

Sivaram Nagappan currently heads the tax department of one of the recently privatised public companies in Malaysia and is a Chartered Accountant of the Malaysian Institute of Accountants (MIA), an Associate Member of the Chartered Tax Institute of Malaysia (CTIM) and a Fellow Member of the Association of Chartered Certified Accountants (FCCA).

He has more than 20 years of tax experience and prior to leaving the tax practice, he served with PricewaterhouseCoopers, Arthur Anderson and Ernst & Young where he gained extensive experience from serving clients which included large local corporations and multinationals in a wide spectrum of industries covering manufacturing, transportation, services, construction, telecommunication and trading. His involvement in tax engagements with local and foreign companies encompassed various aspects of tax planning strategies / schemes, restructuring of investment incentives, remuneration packages, tax audit and tax investigation

He has presented in seminars, workshops and trainings for regulatory bodies and organizations both locally and overseas. His passion for knowledge sharing also extends to conducting lectures in taxation papers for professional examinations in various colleges, institutes and local universities.

Goh Kean Hoe is an approved company auditor and a licensed tax agent with past and present clients that include PLCs, MNCs, SMEs, and entrepreneurs. Previously an audit manager with a Big Four Accounting Firm and a company financial controller, he has wide exposure in many fields over the past 20 years including the property sector and international assignments. His biggest strength is his technical knowledge and analytical skill. He has published articles on deferred taxation and property development accounting in the national journal and newspapers.

Kean Hoe holds a Bachelor of Accounting from the University of Malaya. He is a member of MIA, MICPA and CTIM. He currently sits on the Tax Practice Committee and GST Working Group of the MICPA. He was the Honorary Treasurer of Malaysia Economic Association (MEA) and a trustee for its foundation for 6 years. He has conducted numerous seminars and workshops on financial and accounting related subjects.

In preparing for GST implementation in Malaysia, Kean Hoe has been working closely with GST Academy Singapore since 2010 to develop GST training programmes for Malaysia and to provide GST consulting services. He has successfully completed the 10 day course conducted by the Royal Customs of Malaysia for GST consultants and agents and is an approved GST tax agent licensed by MOF. He was involved in a number of GST implementation projects in 2014/2015 and is currently a GST consultant to a few companies.

  • Directors and Management Team
  • Business Owners and Managers
  • Accountants and Finance Managers
  • Accounts Personnel and Executives
  • Office Administrators and Secretaries
  • Auditors and Tax Agents and their staffs
  • Individual tax payers and Investors

At the conclusion of this 1 day seminar, participants will be able to :-

  • Get an update on the various new legislation being proposed for 2016 in the form of income tax and RPGT that will directly impact businesses and individuals.
  • Get an update of the various new rulings on GST as well as understanding of the possible tax planning be it on income tax, RPGT and the GST.
  • Identify areas for possible tax planning be it on income tax, RPGT and the GST.
  • Understand the implication on businesses as you are updated with the latest macro economic trends & impending fiscal policies implementation.

We hereby cordially invite your esteemed organization to participate in this major year end event to update partinent and time information for your business planning for Year 2016.

Seminar Particular

Organisation Particular

Are you a Globalacc Corporate Member or Globalacc Practitioner Member ?

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Payment Particular

Note :

  • All payment shall be made to Globalacc Research & Training Sdn Bhd.
  • Advanced payment is required to secure the seats.

You may bank-in the cheque or transfer to our bank account as follows:

Banker : Public Bank Berhad

Account No. : 313 968 4822

Please email the bank-in slip / transaction slip to globalaccrt@gmail.com for our record and reference in order for us to issue an official receipt.



Notes :

  • Registration will be accepted subject to availability of seats on first come first served basis and receipt of payment in advance.
  • Confirmation of registration and Tax Invoice will be issued in due course.
  • The organizer reserves the right to cancel the event and any payment made shall be refunded in full if the event is subsequently cancelled.
  • Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies.
  • Application to HRDF for claims is subject to approval by the relevant authority.