What should the government look into to ensure the effective implementation of the 10% sales tax on low value goods (LVG) imported into Malaysia? Geeta shares that the focus of the implementation should be on encouraging major underlying sellers and online marketplaces to register for sales tax as this will contribute towards revenue growth while keeping administrative costs low. 3 key considerations for a smooth implementation are: • clarity on who should register for the sales tax on LVG regime • having simplified filing and payment systems for overseas registrants • testing the customs clearance system to avoid issues like double taxation Be in the front row for #Budget2023 insights — register for PwC Malaysia's Budget seminar happening on 9 March at: https://pwc.to/3lBdlT7 #Budget2023 #Bajet2023 #Belanjawan2023
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A massive thank you to C-suite executives and marketing leaders from Malaysia's top FMCG and retail brands who joined us for the Growth Hacks Series: "CX as a Verb," co-hosted by Insider. and PwC Malaysia! Exploring the latest trends in transforming customer experience (CX) for the digital age, industry leaders from L'Oréal and 6IXTY8IGHT shared insights on leveraging data and AI for personalised customer journeys and brand loyalty, as well as utilising marketing automation and innovative messaging channels for optimised customer engagement. We enjoyed the interactive roundtable discussions that followed, and look forward to continued collaborations with the industry in shaping the future of customer experience. Rakesh Mani | Khai Chiat Ong #GrowthHacksSeries #DigitalTransformation #Data
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"There is no climate resilience without water resilience." Exploring the complex landscape of water management in Southeast Asia, Jasmine and Perpetua discussed the region's water equity concerns, infrastructure deficiencies and the need for innovative approaches for a more sustainable future. Full story on The Star: https://pwc.to/3UFsnWE #WaterSecurity #Infrastructure
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🚘 KL ➡️ Perak ➡️ Melaka #TeamPwC made multiple campus pit stops in April to connect with future talents on career paths with #MYPwCExperience! Whether you'd like to kick-start your career in assurance, tax, accounting, digital, or cybersecurity, there's a place for everyone at PwC in Malaysia. Where should we head to next? 👀 Explore our opportunities at https://pwc.to/3wtnWBn
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Ready to drive growth in your finance team and broader organisation through upskilling? Join us for a day filled with new ideas, learning and networking at PwC's Academy Open Day this 9 May at the Penang Skills Development Centre (PSDC)! From future-proofing the finance function and GenAI to ESG, we'll uncover the skills you need for tomorrow's world. Take the first step in shaping your workforce's future today – RSVP by 3 May at https://bit.ly/3w2TL7K #Upskilling #FutureOfWork
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“The thrill of new experiences has always driven my career choices. While I’ve worked long hours and experienced some pretty fast-paced growth, I've come to learn about the value of adding instead of subtracting: fulfilment comes not from escaping the grind, but enriching life's joys alongside it. I started my journey at PwC as an audit associate, where six years in audit – including two in financial statement review – fuelled a constant question: “What's next?” That then led me to PwC Acceleration Center Kuala Lumpur (AC KL) in 2022. The work was still audit, yet the allure of something entirely new and undefined was irresistible. So I took the leap. My transition to asset and wealth management audit at AC KL was challenging as it demanded me to learn quickly about a new industry and navigate the operations of a different region. Collaborating with diverse teams across AC Manila and AC Kolkata further underscored the importance of understanding cultural differences which has helped me become a better manager – leading with empathy, being mindful of people's backgrounds and experiences. As one of the pioneer joiners of AC KL, I had the opportunity of being seconded to AC Manila and helping leaders navigate the intricacies of AC during its early growth stages. I also became a My+ Activator, serving as a change champion in bringing PwC's reimagined people experience strategies to life in a centre that has expanded to 300+ employees today. Right now, I’m all about finding time for small joys alongside personal endeavours and professional pursuits – whether it's meeting up with friends, exercising, or just taking things slow. I dove straight into the middle of a busy season after graduating, and for a while, I never snapped out of it. Having experienced immense professional growth in my 20s, I’m excited to embrace a more mindful approach, wherever my next chapter takes me. The next decade is full of exciting possibilities, and I'm open to exploring new experiences, opportunities and passions. The key to a fulfilling life, I've learnt, is to make room for balance. My perspective and intentional choices will shape my own path, and I will not hold back.” - Nursyahida Kamaruddin (Manager, Assurance, AC Kuala Lumpur) #MYPwCExperience
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Suruhanjaya Syarikat Malaysia (SSM) has implemented a revised Beneficial Ownership (BO) Guideline, expanding its scope to cover all entities registered under their purview. This revision clarifies the identification of BOs and broadens the responsibilities of both entities and BOs themselves. With the added obligations for the maintenance and reporting of such information to the regulator, our Corporate Services team unpacks these changes and their impact on business owners and directors. Explore our perspective: https://pwc.to/3UcXWWw #Compliance #CorporateServices
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A Raya celebration filled with fun and tradition! #TeamPwC learnt to anyam ketupat, battled it out in Batu Seremban and Congkak, and feasted on delightful Raya treats 😋 The festive spirit lives on... Raya kan sebulan?😝 Thanks for joining us at the #LepakWithAStranger Open House! #MYPwCExperience
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As the clock ticks for phase 1 of e-Invoicing implementation in Malaysia, Haizam (Tax Director) discussed operational best practices for businesses, along with insights into potential challenges they should look out for. Listen to his interview on BFM: https://bit.ly/3Upst4O #eInvoicing #DigitalTransformation
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Is non-financial data the new bottom line? The rise of ISSA 5000 highlights the need for verifiable sustainability reporting, but Tan Eng Hong (Assurance Partner at PwC Malaysia) raises concerns about data measurement challenges. Read the full story on The Edge: https://pwc.to/440DVXO #SustainabilityReporting #ESG
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