Ashley Lim Siew Fern of Tunku Abdul Rahman University College was announced today as the winner of the EY Young Tax Professional of the Year (YTPY) 2020 Malaysia at a virtual event graced by En. Hishamudin Mohamed, Director of Corporate Services Department, Lembaga Hasil Dalam Negeri Malaysia (LHDNM).
Ashley, 21, who is pursuing her Bachelor of Commerce (Professional Accounting) degree in Tunku Abdul Rahman University College will represent Malaysia at the EY Young Tax Professional of the Year international final, where she will compete against winners from over 30 countries for the title of “EY Young Tax Professional of the Year 2020”. As the winner of the EY YTPY 2020 Malaysia, Ashley also takes home a cash prize of RM 8,000 and secures a paid internship of no less than eight weeks or a conditional offer of employment with the EY member firm in Malaysia.
“I’m absolutely mindblown! Winning this was just a dream up until the winners announcement today. I'm truly grateful to the people who have supported me - my mentors at home, university and internship - and made me a better person. I wouldn't have been able to do it without them. I would say that this win is also in part due to my participation last year. Apart from the technical skills that I've learned, this competition has also tested my maturity and creativity in coming up with business solutions. It's a priceless experience!” shared Ashley.
To fellow students who are considering participating in the EY YTPY programme next year, Ashley added, “Whatever it is that you’ve set your sights on, go for it! You’ll never know what you're capable of until you push your boundaries. Once upon a time, I was just a shy girl whose vision tunnelled and legs shook when having to answer teachers' questions or read aloud text. Just keep in mind that there are always people who believe you can do it, and you will!”
The first runner-up is Charis Chan Wei Yenn, 25, an ACCA student in Elite International College who will receive a cash prize of RM 6,000 and a paid internship or conditional offer of employment as well.
Chia Jing Ying, 22, who is pursuing her Bachelor in Accounting degree in Universiti Utara Malaysia was named second runner-up. She will receive a cash prize of RM 3,000 and also a paid internship or conditional offer of employment with the EY member firm in Malaysia.
In his address, En. Hishamudin Mohamed said, “Today, we see many forces shaping our business landscape. For the tax industry in particular, technology and interconnectivity in the global marketplace have tremendously upended different facets of business, and along with that, the roles and functions of tax administrators, professionals and advisors. In response, we need to continue to build and enhance our national workforce talent and capabilities to remain competitive and resilient well into the future, as a nation and as an economy.
“At LHDNM, we believe the EY Young Tax Professional of the Year programme is a key channel at the heart of our objectives of strategically cultivating and building tax knowledge and competencies among Malaysians, especially the younger generation, who will take their place as our nation’s future workforce and business leaders.”
Amarjeet Singh, EY Asean Tax Leader and Malaysia Tax Leader, Ernst & Young Tax Consultants Sdn. Bhd said, “The tax profession has evolved significantly and continues to do so in line with technological advancement and innovation globally. In recent months, we have seen the global knock-on effects of the COVID-19 pandemic not only on our day-to-day lives but also the economy at large. Governments and businesses continue to look towards Tax professionals as trusted advisors for strategic, viable solutions. This is what the EY Young Tax Professional of the Year programme is commited to develop. This programme is designed to nurture and mould our top Tax talent and professionals of the future to be able to tackle complex business challenges and find better answers and solutions to help businesses grow and economies thrive. We are committed to our passion of helping build better opportunities for our younger generation to explore and discover their potential in this profession.”
Hisham Halim, Partner, Ernst & Young Tax Consultants Sdn Bhd and Programme Director of the EY Young Tax Professional of the Year Malaysia, shared, “This year, we were heartened by the number and quality of submissions that reflected the high enthusiasm and caliber of our participants.
“Our Malaysian panel of judges, comprising a representative from LHDNM and two partners from Ernst & Young Tax Consultants Sdn Bhd, were impressed by the depth of response to the case study and the high standard of presentations by all the Malaysian finalists during the final round which had to be carried out virtually for the first time this year due to the COVID-19 pandemic. We have no doubt that Ashley will do Malaysia proud at the international competition.
“Indeed, the international competition will take the challenge a notch higher as the country winners from over 30 countries will be competing for the title. These winners will be challenged with case studies and interviews before expert judges, who will be looking for evidence of creative and analytical strengths, as well as practical skills,” added Hisham.
The international EY YTPY 2020 competition will take place virtually for the first time in November 2020. It will kick off on 10 November 2020, followed by learning, team-building and networking sessions on 19 and 20 November 2020. Judging will take place virtually from 23 to 25 November 2020 and the top three winners of the EY Young Tax Professional of the Year 2020 will be announced at an award ceremony to be held virtually on 2 December 2020.
For more information about the EY Young Tax Professional of the Year, visit ey.com/my/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.