- Competition goes virtual in this eighth edition
Ernst & Young Tax Consultants Sdn. Bhd. (EY), in collaboration with the Lembaga Hasil Dalam Negeri Malaysia (LHDNM), launched the EY Young Tax Professional of the Year (YTPY) Malaysia 2020 competition today at a virtual event, attended by over 200 undergraduates, university management and academic representatives, members of the media as well as EY leaders and LHDNM officials. The event included a panel session on the topic “Career in Tax” and a sharing session by previous EY YTPY Malaysia winners.
In view of the COVID-19 pandemic, this year’s YTPY competition will be held virtually for the first time. Malaysian undergraduates or post-graduates, enrolled in local or foreign universities, are invited to vie for the opportunity to represent Malaysia at the international EY YTPY competition to be held at the end of the year. At the international final, the Malaysian representative will compete with other country winners from around the world for the title of “EY Young Tax Professional of the Year”.
Participating in the EY YTPY Malaysia competition
As a first step, interested Malaysian participants are required to submit their response to a case study by Tuesday, 22 September 2020. The response, to be submitted in the form of a PowerPoint presentation and a video presentation, will be assessed for individual evidence of critical thinking and analytical strengths, creativity, commercial awareness and executive presence.
A shortlist of 10 finalists will then be challenged with a case study and be invited to virtually meet and present their findings to the panel of judges, headed by a representative from LHDNM, in October. The top three winners of the EY YTPY 2020 Malaysia competition will be announced on the same day.
Nurturing future tax leaders
Amarjeet Singh, EY Asean Tax Leader and Malaysia Tax Leader, Ernst & Young Tax Consultants Sdn. Bhd. said, “Despite the present challenges brought about by the COVID-19 pandemic, we remain steadfast to our purpose of building a better working world, particularly for our youth. We are determined to continue to develop our young talents by providing them with the right knowledge, skills and meaningful experiences to prepare them for the future.”
He added, “The EY YTPY competition is an ideal platform for us to promote the tax profession and nurture the tax leaders of the future. The pandemic has completely upended the concept of business-as-usual. In these unprecedented times, we believe this competition will challenge and stretch the participants to think beyond theoretical knowledge and to ask better questions as they tackle real business issues presented to them. They will need to be creative and think out-of-the-box in coming up with answers that will bring about positive and sustainable outcomes and potentially help businesses grow and improve in the new norm.”
“It is certainly an exciting and rewarding time for Tax professionals and for undergraduates aspiring to a career in Tax in the future. We look forward to playing our part in helping them discover their potential and build their future,” he added.
Supporting the nation’s economy, growth and competitiveness
Encik Hishamudin Mohamed, Director, Corporate Services Department, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) said, “LHDNM is proud to be a supporter of the EY YTPY Malaysia programme for the eighth consecutive year. We need to continue to drive awareness and understanding of the relevance of tax professionals and their important contribution, particularly in today’s highly complex and volatile business environment. The Tax function is no longer only looking at compliance and jurisdiction issues; it has evolved into bringing creative solutions and cutting-edge methodologies to businesses, markets and economies. As such, talented Tax professionals are a strategic and vital human capital that supports the nation’s economy, growth and competitiveness. We strongly believe that the EY YTPY programme is one of the best platforms to help us engage our youth positively and nurture the growth of the Tax profession and industry in Malaysia.”
An exceptional and enriching experience
Hisham Halim, Partner, Ernst & Young Tax Consultants Sdn. Bhd. and Programme Director of the EY YTPY Malaysia programme elaborated, “The EY YTPY is a game-changing experience for undergraduates looking to raise their game and reimagine their careers. Apart from enhancing their technical and leadership skills, the competition will propel them to think differently and critically as they tackle the complex business issues posed to them. At both the national and international levels, they will need to draw on their commercial awareness and analytical and creative thinking skills to derive innovative solutions to help companies navigate real, complex business issues, and succeed.”
“Participants in this competition also stand a chance to win amazing prizes! I strongly urge our Malaysian students to seize the opportunity and take part in the competition which will prove to be a truly exceptional and enriching experience,” he added.
The prizes for the EY YTPY Malaysia competition include prize money of up to RM 8,000 and internship opportunities or conditional offers of employment with the EY member firm in Malaysia.
Find out more about the EY YTPY 2020 Malaysia competition at ey.com/my/careers/ytpy.
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This news release has been issued by Ernst & Young Tax Consultants Sdn. Bhd. a member of the global EY organization.