Annie Thomas, Indirect Tax Director, urged businesses to seek guidance from tax authorities or advisors regarding the widened scope of the SST to effectively navigate the intricacies of the tax regime.
PwC's Global Automotive Leader Harald Wimmer and ASEAN Automotive Leader Patrick Ziechmann dived into the major trends reshaping the automotive industry today. They discussed how companies are adapting through reinvention, with traditional and emerging players collaborating across sectors like software and telecommunications to create new ecosystems and value pools.
On the expanded sales and service tax (SST), Tax Leader Steve Chia urges the public to view the changes in a broader fiscal context, emphasising the importance of ensuring a sustainable revenue contribution for the country.
Fresh from the AI Leadership Conference, Sundara Raj, Chief Digital Officer, and Joe Atkinson, Global Chief AI Officer for PwC, discussed fostering AI fluency across organisations and stressed the importance of ethical AI development as a means to build trust and accountability in its deployment.
Sharing about the automotive sector in Malaysia, Patrick Ziechmann, PwC's ASEAN Automotive Leader, remains optimistic about the outlook for the remainder of the year, fuelled by the country's economic resilience.
At the PwC Automotive ASEAN Conference, PwC Malaysia exchanged a Memorandum of Understanding with MARii, formalising a knowledge partnership aimed at advancing the automotive sector both locally and within the broader ASEAN region.
During PwC's AI Leadership Conference, Sundara Raj, Chief Digital Officer, highlighted the need for a transformative approach to integrating AI in the workforce, calling for business leaders to take charge of AI deployment.
In light of the postponed expansion of SST, Indirect Tax Leader Raja Kumaran suggested that a grace period of one to two months to be implemented to allow stakeholders time to gain a better understanding of the guidelines, and offer feedback regarding any potential challenges that may arise.
With the EU's carbon tariff approaching, Beatrice Ch'ng, Senior Manager, Economics and Policy - Sustainability & Climate Change, sees the carbon tax set for 2026 as a bridge for Malaysian companies to respond to the EU's measures and aids in enhancing their understanding of emissions and related disclosures.
Consumer Markets Leader Rakesh Mani observed that while the dominance of 'super apps' poses significant challenges for new entrants in the e-hailing market, opportunities remain for those who can carve out niche segments, highlighting that consumers are drawn to platforms offering competitive fares or innovative pricing models.
The next generation workforce are increasingly drawn to companies committed to ESG principles. Malar Odayappan, Social Impact, Sustainability and Climate Change Director, discusses strategies for businesses to effectively attract and retain talent in ESG roles.
PwC Malaysia recently hosted the second Hack A Day competition, themed 'Securing Identity,' to highlight the importance of protecting personal and digital identities in an interconnected world. Managing Partner Soo Hoo Khoon Yean emphasised the need to invest in the next generation of cybersecurity professionals who are technically sound with strong business acumen.
With the anticipated unveiling of incentives for Forest City's plans for family offices next year, Fung Mei Lin, Tax Partner and Entrepreneurial & Private Business Leader, notes its promise as an alternative destination for family offices in the region, poised for growth.
Zaim Zulkifli, Tax Senior Manager, projects that e-Invoice adoption will continue to grow, driven by regulatory changes. He also highlights the government's support through various validation and reporting options, which help ease the transition for businesses of all sizes.
Head of Digital, Tax Technology Partner Yap Sau Shiung unpacks Budget 2025's digital proposals, suggesting that businesses begin with small-scale digital changes and capitalise on available financial support to reap the benefits of digital transformation.
Tax Leader Steve Chia breaks down the Dividend Tax announced in Budget 2025, exploring the broader economic impacts, including potential shifts in investment behaviour and the need for clarity on deductions and compliance burdens.
Annie Thomas and Gan Chen Ni, Director and Senior Associate at PwC Taxation Services Malaysia, contributed an article exploring the potential challenges and addressing the common misconceptions associated with the low-value goods tax (LVG tax).
Perpetua George, Asia Pacific Sustainability, Biodiversity Director, was interviewed on The Star on the outlook for ESG's in 2024. She emphasised the importance of understanding the nature-climate nexus to manage business risks effectively.
A 12-page report on the Awards, including stories and highlights on the winners, and PwC's Building Trust programme.
In an interview, Tanvinder Singh, Director of Cyber Security and Privacy at PwC South East Asia Consulting, discussed the major enterprise security challenges confronting Malaysian organisations, as well as the risks and opportunities associated with cloud adoption.
Nurul A'in Abdul Latif, Executive Chair, addressed the pressing issue of education inequity, where she advocated for empowering educators, prioritising student well-being and creating opportunities for private sector involvement in curriculum development.
Raja Kumaran, Indirect Tax Leader, shared his views on the ripple effects of the Sales and Service Tax (SST), highlighting the government's responsibility to address and eliminate SST leakages.
Nurul A'in Abdul Latif, Executive Chair, shared her experiences since taking on her new role earlier this year. She also reflects on the talent crunch issue and emphasises the importance of continuous skill development.
Sundara Raj, Chief Digital Officer, outlined five steps business leaders can prepare themselves for the integration of generative AI in business. He emphasised the role of strong leadership in ensuring the efficient and ethical adoption of AI.
Glenda Eng, Sustainability and Climate Change Director and Sarah Yuzaidi, Sustainability and Climate Change Manager of PwC Malaysia contributed an article to The Edge discussing on how FIs can pursue a just transition, while engaging their various stakeholders in continuous dialogue to ensure that they are not left...
PwC Asia-Pacific climate change lead, Low Lit Ping, was quoted in The Edge on how the recent COP27 impacts Malaysia, and how Malaysia can benefit from it.
Pauline Lum, PwC Malaysia Tax Director, wrote an article for The Edge on the TCGF and how this aligns with sustainability reporting requirements that organisations may have already adopted.
PwC's Acceleration Centers Leader, Hari Kumar, was quoted on the newly launched ACKL, and its part to build a skilled workforce in Malaysia, especially in the area of STEM.
Jagdev Singh, Tax Leader at PwC Malaysia wrote an article for The Edge highlighting ESG initiatives that were proposed in the Budget 2023 announcement.
Jagdev Singh, PwC Malaysia Tax Leader, media statement on the Budget 2023 that was tabled on 7 October 2022 was quoted.
Keegan Ong, Tax Executive Director, PwC Malaysia highlighted that the Budget benefits almost all sectors and groups in society.
Patrick Tay, PwC Malaysia's deals partner for economics and policy, was quoted in The Straits Times for his views on the Budget 2023 announcement. He highlighted that the Budget has a political impact as well as long-term benefits for the socio-economic development of the country.
An interview with leaders of the Building Trust Awards 2021 winning companies, Malayan Banking Berhad and Sime Darby Property Berhad, and PwC Malaysia Managing Partner Soo Hoo Khoon Yean
MFRS 17 is expected to impact many functions within an organisation. Chan Suet Lye, Assurance Partner, and Tan Tien Yee, Tax Director, discuss how insurers should take the opportunity to retool their data and systems strategy ahead of the go live.
An 8-page report on the Awards, including stories and highlights on the winners, and PwC's Building Trust programme.
Pauline Ho, Net Zero lead partner and Tay Choon Ling, Assurance Director, discuss opportunities in applying the Integrated Reporting Framework as a starting point towards ESG reporting.
PwC Malaysia Tax Leader, Jagdev Singh, sheds light on the proposed blanket removal of the foreign source income exemption for those with income from outside Malaysia.
Pauline Lum, Tax Director, PwC Malaysia discusses the role of tax metrics in ESG strategies for more resilient business models.
Jagdev Singh, Tax Leader, responds to the Budget 2022 announcements
Jagdev Singh, Tax Leader, responds to the Budget 2022 announcements.
Dato’ Mohammad Faiz Azmi, Chairman, PwC Malaysia says real change in environment, social and governance (ESG) disclosures will only happen when there is national and corporate commitment.
Interest in obtaining digital banking licenses has been picking up since the Recovery Movement Control Order, says Kelvin Lee, Financial Services Assurance Partner, PwC Malaysia
“A business that has not at least considered and figured out how to mitigate ESG risks is arguably riskier to invest in,” says Dato’ Mohammad Faiz Azmi, Executive Chairman, PwC Malaysia
“We expect a tapering-down of these different guidelines just to make it easier for practitioners to respond,” says Andrew Chan, Sustainability and Climate Change Leader, PwC Malaysia
Companies need to proactively communicate how they do business responsibly as a competitive advantage, says Andrew Chan, PwC Malaysia’s Sustainability & Climate Change Leader.
Kelvin Lee, Financial Services Assurance Partner, PwC Malaysia believes that digital banks will have a good chance of challenging incumbents in the medium to long term.
Benedict Francis, Southern Region Leader and Tax Partner, PwC Malaysia, believes Budget announcements mentioning Johor should spell growth for Iskandar Malaysia.
Ling Hsern-Wei, Head of PwC’s Academy and Indra Dhanu, Director in PwC Malaysia’s People & Organisation Consulting unit share why upskilling needs to be a priority now.
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Digitising your bank is one thing, but you also need to think about what your customer actually wants rather than just pushing products, says Ong Ching Chuan, PwC Malaysia Financial Services Leader.
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Sridharan Nair, PwC Malaysia Managing Partner congratulated the three startups who completed a six-month mentoring journey with three partners from PwC's Assurance, Deals and Tax practice, as part of the PwC-MDEC Immersion programme.
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MFRS 16 is positive for users of financial statements, such as investors, as well as sophisticated users like business analysts, says PwC Malaysia Assurance Partner Siew Kar Wai.
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Budget 2020 is well-crafted with a clear and targeted approach to driving economic growth in sectors with the greatest potential, including digital and high-technology sectors, says PwC Malaysia Tax Leader Jagdev Singh.
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If Malaysia is to move the needle in achieving shared prosperity for all in the property sector, we need the right strategies with the commitment from developers, homeowners and property players alike to contribute ideas and feedback on the Budget proposals, says PwC Malaysia Tax Partner Steve Chia.
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PwC Malaysia Tax Leader Jagdev Singh shares his views on recent Budget 2020 proposals like the increase in minimum wage in major cities, the targeted fuel subsidy scheme, and incentives to promote the digital and high-tech economy.
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Whilst there is no major shift in economic policies, the budget proposals clearly reflect the government's continued commitment to promote job creation, strengthen the M40 and B40 group, and grow the economy, says Lim Phing Phing, Director, Global Mobility Services, PwC Malaysia.
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PwC Malaysia Tax Partner Fung Mei Lin reflects on the initiatives introduced in the last Budget including measures to meet the various needs of the Rakyat.
Hilda Liow, Partner, Global Mobility Services, PwC Malaysia, says that in order to ensure long-term impact, the reform of Malaysia's tax system should include leveraging on new technology, promoting expedient tax administration, and enforcing compliance to minimise tax leakages.
Investors should look into businesses that are impacted by Industry 4.0, as they would benefit from the financing and support offered by the government, as proposed in Budget 2019, says Tax Partner and Entrepreneurial and Private Business Leader of PwC Malaysia, Fung Mei Lin.
To foster a culture of integrity and trust, a company's leadership should demonstrate the behaviours they want to see, creating an environment where employees feel safe about reporting fraud and corruption, says Alex Tan, Partner and Forensic Services & Risk Consulting Leader, PwC Consulting Associates (M) Sdn Bhd.
The 'punitive' rates under Budget 2019's voluntary disclosure programme should only apply to taxpayers who have intentionally under declared or not declared taxes, says PwC Malaysia Tax Leader Jagdev Singh.
ASEAN as a region is ripe for transformation; companies will need to embrace disruption, making their workforce fit for the future and exploring ways to use data innovatively, says Sundara Raj, Chief Executive Officer of PwC’s South East Asian Consulting services.
Open banking can help the financial industry become more robust, while at the same time benefit consumers, enabling them to compare product information through an app or website before signing up, says Clarence Chan, Associate Director, PwC Risk Services Sdn Bhd.
PwC Malaysia recently won the Best International Organisation award at TalentCorp's Life at Work Awards 2017.
Budget 2018 discussed a number of important building blocks for TN50, which will require certain fundamental mindset changes in areas like human capital, manufacturing, innovation and housing, says PwC Malaysia Tax Leader Jagdev Singh.
