(100% HRDC claimable) YYC Tax Summit 2023

Published: Tue, 10/31/23

Budget 2024 was taken place on Oct 13, is the second budget announced by the unity government. It can be seen as a window of opportunity for the unity government to undertake reforms in view of the fiscal constraints and challenging global environment.

However, for many SMEs, Budget 2024 has been met with mixed sentiments, as they perceive it may bring challenges and obstacles. In this climate of change and adaptation, let's dive into the heart of the matter and explore the key impacts this budget holds for SMEs. What opportunities can we uncover within these changes? How can SMEs thrive amidst the evolving fiscal landscape?

The Key Impacts of Budget 2024 for SMEs:

Implementation of e-invoicing for all businesses starting from 1 July 2025
The increase in Service Tax Rate and expansion of scope
Introduction of Capital Gains Tax (CGT) for unlisted shares

Introduction of Capital Gains Tax is the concern of SMEs

Malaysia's fiscal landscape is undergoing a remarkable transformation with the much-anticipated Budget 2024, with substantial updates to the Capital Gains Tax regime whereby tax will be on the disposal of shares of domestic companies based on their net profit at a rate of 10% . These changes being effective from 1^st of March 2024, hold critical implications for businesses, investors, and entrepreneurs alike.

Revised Capital Gains Tax rates affects the taxation of gains from the sale of capital assets, such as real estate, shares, and other investments. It is imperative for individuals and businesses involved in such transactions to be well-versed in the new rates to ensure compliance and make informed financial decisions.

The Capital Gains Tax holds substantial importance for SMEs

As a business owner, mastering CGT considerations is not just a financial necessity; it's the key to preserving your hard-earned assets and ensuring a seamless transition of ownership. CGT isn't just a tax—it's your strategic advantage, influencing your financial decisions and setting the stage for your SME's growth and prosperity.

Unlock the Secrets to Financial Success: Join Us at the Tax Summit

In today's rapidly changing fiscal landscape, staying ahead is not just an advantage – it's a necessity. To thrive in the face of these transformations, individuals and businesses must not only adapt but also proactively embrace change. Engaging with tax professionals, understanding the nuances of the new tax regime, and implementing strategic tax planning are the cornerstones of financial prosperity.

At our upcoming Tax Summit, hosted by YYC, we're offering you the chance to delve into the heart of the matter. Discover the essential insights and market trends that will keep you one step ahead. We'll decode the key highlights of the recent Budget 2024, equipping you with the knowledge and strategies to navigate the complexities of taxation in our ever-evolving financial landscape. Don't miss this exclusive opportunity to unlock the secrets to your financial success!

Event details:

Date: 15 November 2023 (Wednesday)

Time: 9.00am – 7.00pm

Language: English

Location: Wyndham Grand Bangsar KL (formerly known as Pullman Bangsar)

Ticket Price:

Early Bird Price: RM698
Special Price for TaxPOD Subscribers and YYC Accounting, Audit & Tax Clients: RM298

* Breakfast and lunch will be provided during the event.

This event will be conducted 100% physical with 7 CPE credits and 100% HRDC claimable.

Topics covered:

Budget 2024 Highlights by Zen Chow, YYC Tax Practice Leader (with Q&A sessions)
Market Outlook 2024 by Economist from OCBC of Greater China (with panel session)
Tax Incentives & Grants for SMEs by representative from MATRADE (with panel session)
Sharing insights on e-invoicing by representative from LHDN (with panel session)
Tax Audit and Investigation by Datin Shin Yap, YYC Group CEO

【EXCLUSIVE】FREE CONSULTATION ON-THE-SPOT

Attendees are encouraged to bring the company’s annual reports and tax computations to receive complimentary consultation and advice from our professional consultants during the event. Plus, all attendees will receive exclusive tax kits packed with valuable resources to help you stay tax-savvy in the coming year!

Consultation booths available:

Tax and Audit Health Check
Transfer Pricing, e-invoicing, CP204, Tax Refund, Capital Gains Tax, RPGT
Accounting, Human Resource and Cloud solutions
and many more!

At YYC Tax Summit 2023, we empower SMEs with the knowledge, tools, and networks needed to navigate the complex tax landscape, ensuring your business remains on a path to financial success. Don't miss this exceptional opportunity to stay ahead in the world of taxation and finance!

No.32 & 34, Lorong Thambi 2, Jalan Brunei
Kuala Lumpur Wilayah Persekutuan 55100
MALAYSIA

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