Latest news with #HASiL
The Star
3 days ago
- Business
- The Star
TAR UMT student to take on global tax challenge
One for the album: (From left) Hisham, Ernst & Young Tax Consultants Sdn Bhd tax leader (Asia East) Yeo Eng Ping, Farah, Ooi and Shaharrudy. Tunku Abdul Rahman University of Management and Technology (TAR UMT) student Ooi Wei Xuen will represent Malaysia at the EY Young Tax Professional of the Year (YTPY) global finals, where he will compete against national level winners from other nations early next year. The 22-year-old, who is pursuing his Bachelor of Business (Honours) Accounting and Finance at the varsity, was announced national champion of the YTPY 2025 competition on July 3, paving the way for him to make the country proud in the international round of the competition. For his effort, Ooi took home a cash prize of RM8,000 and the opportunity for a paid internship or a conditional offer of employment in Tax Services with Ernst & Young Tax Consultants Sdn Bhd. Commenting on his win, Ooi said it was an 'incredible' feeling. 'Competing against top university talents and presenting in front of HASiL directors and EY tax partners was a true honour. 'This recognition motivates me to keep growing and to aim even higher,' he said in a press release. The first and second runners-up were Erdina Mysarah and Idris Fadli Ambok Dalek, respectively. Both are aged 23, and pursuing their Bachelor of Accounting (Honours) at International Islamic University Malaysia. Erdina received a cash prize of RM6,000 while Idris Fadli took home RM3,000. They also received offers for either a paid internship or a conditional employment position at the company. In his address, Lembaga Hasil Dalam Negeri Malaysia (HASiL) deputy chief executive officer (Tax Operation) Shaharrudy Othman said the programme aligns with HASiL's vision as a leading tax administrator by enhancing its commitment to providing excellent tax services through an integrated and transparent taxation system. 'As we work to build a competent workforce and nurture talent through various initiatives, the EY YTPY programme not only reinforces this mission but also encourages participants to explore the rewarding career opportunities available in the field of tax.' Ernst & Young Tax Consultants Sdn Bhd (Malaysia) tax managing partner Farah Rosley said unlike conventional undergraduate programmes, the YTPY competition is a global initiative that inspires young talents to break free from the limitations of their academic environment, engage with real-world challenges and grow their network with business leaders and industry champions. 'This competition provides a unique platform for undergraduates to tackle genuine business issues while collaborating with industry leaders to address problems that span across borders and cultures. 'Such invaluable exposure equips our future workforce with the skills and insights needed to stand out in the competitive job market,' she said. Ernst & Young Tax Consultants Sdn Bhd partner and YTPY (Malaysia) programme director Hisham Halim said the challenge offers students a unique platform to explore the pivotal role of taxation in shaping today's global economies, and to discover how they can create meaningful impact as future tax professionals. 'This prestigious competition encourages diverse perspectives and challenges participants to creatively analyse complex issues facing global businesses. 'With an international panel of judges assessing both innovation and practical skills, participants are required to integrate critical thinking, business acumen and technical tax knowledge to solve real-world challenges. 'We are confident that this year, Ooi will rise to the occasion and shine on the global stage,' he said.
The Star
17-06-2025
- Business
- The Star
LHDN launches Op Metro 3.0 to boost tax compliance in Klang Valley
PUTRAJAYA: The Inland Revenue Board (LHDN) has launched Op Metro 3.0 to strengthen the culture of tax compliance among taxpayers through a more strategic and focused approach. The operation, which runs until June 20, is being conducted simultaneously around the Klang Valley with the involvement of various departments under LHDN. This includes the Tax Compliance Sector, Investigation Sector, Revenue Collection Department, Intelligence and Profiling Department, Digital Department, and Strategic Compliance Branch. 'Op Metro 3.0 is a continuation of Op Metro 2.0 held in February. 'This time, we are mobilising 590 officers and have identified 682 cases for action,' said LHDN chief executive officer Datuk Dr Abu Tariq Jamaluddin ( pic ) in a statement yesterday, Bernama reported. He said the operation was also joined by the Companies Commission of Malaysia (SSM) to monitor corporate compliance, making it SSM's second involvement after Op Rejang was carried out in Sarawak in April. Targeted sectors for Op Metro 3.0 include construction, manufacturing, services, consultancy and wholesale trade. The operation focuses on four key activities, namely, audit, collection, taxpayer verification and strategic compliance. 'Our focus is clear: firm against those who deliberately violate the law, tolerance and guidance for unintentional errors, and appreciation for compliant taxpayers,' said Abu Tariq. He stressed that LHDN's main mission is to make tax compliance a culture rather than a burden, adding that appropriate action will be taken against defaulters. Also present at the launch of Op Metro 3.0 were SSM CEO Datuk Nor Azimah Abdul Aziz and deputy CEO (Regulation and Enforcement) Amir Ahmad, as well as senior management of both agencies. LHDN is optimistic that strategic cooperation between enforcement agencies will continue to be strengthened in ensuring that tax policies are implemented well. 'Through the integration of expertise and resources, we are confident that tax policy implementation will be more efficient, extensive and structured,' Abu Tariq said. Any enquiries can be directed to the Hasil Contact Centre at 03-8911 1000, via HASiL Live Chat, or through the feedback form on HASiL's official portal at
The Sun
16-06-2025
- Business
- The Sun
IRB launches OP Metro 3.0 to strengthen tax compliance in Klang Valley
PUTRAJAYA: The Inland Revenue Board (IRB) today launched OP Metro 3.0 to strengthen the culture of tax compliance among taxpayers through a more strategic and focused approach. The operation, which runs until June 20, is being conducted simultaneously around the Klang Valley with the involvement of various departments under IRB, including the Tax Compliance Sector, Investigation Sector, Revenue Collection Department, Intelligence and Profiling Department, Digital Department and Strategic Compliance Branch. 'OP Metro 3.0 is a continuation of OP Metro 2.0 held in February. This time, we are mobilising 590 officers and have identified 682 cases for action,' said IRB chief executive officer (CEO) Datuk Dr Abu Tariq Jamaluddin in a statement today. He said the operation was also joined by the Companies Commission of Malaysia (SSM) to monitor corporate compliance, making it SSM's second involvement after the OP Rejang carried out in Sarawak in April. Targeted sectors for OP Metro 3.0 include construction, manufacturing, services, consultancy and wholesale trade. The operation focuses on four key activities, namely audit, collection, taxpayer verification and strategic compliance. 'Our focus is clear - firm against those who deliberately violate the law, tolerance and guidance for unintentional errors and appreciation for compliant taxpayers,' said Abu Tariq. He stressed that the IRB's main mission is to make tax compliance a culture rather than a burden, adding that appropriate action will be taken against defaulters. Also present at the launch of OP Metro 3.0 were SSM CEO Datuk Nor Azimah Abdul Aziz and deputy CEO (Regulation and Enforcement) Amir Ahmad, as well as senior management of both agencies. IRB is optimistic that strategic cooperation between enforcement agencies will continue to be strengthened in ensuring that tax policies are implemented well. 'Through the integration of expertise and resources, we are confident that tax policy implementation will be more efficient, extensive and structured,' he said. Any enquiries can be directed to the Hasil Contact Centre (HCC) at 03-8911 1000 (domestic) / +603-8911 1000 (overseas), via HASiL Live Chat or the feedback form on HASiL's official portal at
Borneo Post
06-06-2025
- Business
- Borneo Post
MICSEA welcomes e-invoicing exemption for businesses below RM500,000 annual income
Lai says this would give more time to MSMEs to prepare for the implementation of the mandatory e-invoicing system for businesses. – Stock photo from Pixabay KUCHING (June 7): The Malaysian Industrial, Commercial and Service Employers Association (MICSEA) welcomes the government's decision to exempt businesses with an annual income of RM500,000 and below from the e-invoicing requirements. Its president YK Lai said this would give more time to micro, small and medium enterprises (MSMEs) to prepare for the implementation of the mandatory e-invoicing system for businesses. He was delighted that the Inland Revenue Board of Malaysia (HASiL) understands the difficulties MSMEs face in implementing the e-invoicing system, especially due to limited time and insufficient tools in terms of management. 'This change is expected to bring immediate relief to more than 90,000 additional micro and small enterprises, bringing the total number of exempted businesses to approximately 790,000, representing Malaysia's smallest and most vulnerable traders,' he said in a statement yesterday. Lai said MICSEA regarded this as a major step forward in reducing any management burden on MSMEs who may not have the digital infrastructure or resources to handle complicated invoicing requirements. For businesses with an income of RM500,000 and above, he noted that HASiL continues to show leniency by extending the grace period. According to him, businesses earning RM5 million to RM25 million in annual revenue must implement e-invoicing by July 1 this year. 'Businesses with RM1 million to RM5 million in annual revenue now have until Jan 1 next year, while businesses earning up to RM1 million annually will follow suit by July 1 next year.' Even during the extended grace period, Lai believed that employers benefit from greater flexibility as they can continue using consolidated e-invoices for employee reimbursements, client billing, and vendor payments. He said they are not required to issue individual invoices unless requested by the buyer and no enforcement action will be taken under Section 120 of the Income Tax Act 1967, as long as basic consolidated invoicing rules are followed. 'This is a timely and considerate move by the government, and MICSEA fully supports this decision especially as many employers are still recovering from post pandemic financial strain. 'These updated exemptions and deadlines allow more room for businesses to invest in the right tools to manage implementation of the system without the pressure of sudden compliance obligations,' he added. e-invoicing exempt lead MICSEA
Barnama
05-06-2025
- Business
- Barnama
Tax Digitalisation To Simplify Taxpayers' Affairs, Increase Compliance
GENERAL KUALA LUMPUR, June 5 (Bernama) -- The initiative by the Malaysian Inland Revenue Board (IRB) in driving comprehensive digital transformation will simplify taxpayers' affairs nationwide, thereby increasing compliance levels. Its Chief Officer of Operations, Marsidi Zelika, said that the digital transformation does not only focus on migrating services to online platforms, but also involves changing the work structure, mindset and operational strategy to ensure more efficient and user-friendly tax services. 'It includes systems such as MyTax, ByrHASiL, e-Filing and now e-Invoicing, all created to enable taxpayers to manage their tax affairs quickly, easily and securely without having to go to the counter,' he said. He said this when appearing as a guest on Bernama TV's Ruang Bicara programme, with the title 'Digitalisation of HASiL: Simplifying Taxpayer Affairs', last night. He said that the digital system, such as e-Filing, which is equipped with automatic calculation and final review functions, helps users avoid common mistakes such as incorrect tax calculations and incomplete data. 'The data integration function, automatic verification and the use of a single identity-based system through MyTax ensure that taxpayers' information is consistent and easy to track,' he said, adding that the system is also linked to Monthly Tax Deduction (PCB) information from employers. Touching on the latest initiative, Marsidi said the implementation of e-Invoice, which started in August last year in phases, has received an encouraging response from the public, especially small and medium-sized businesses. 'As of June 4, 2025, more than 313.4 million e-Invoices have been recorded involving 33,391 taxpayers. This clearly shows a very positive reception for this digital initiative,' he said. According to him, the implementation of e-Invoice does not just replace printed invoices, but also opens up opportunities for Micro, Small and Medium Enterprises (MSMEs) to restructure their business accounting systems more systematically and effectively.
