Ernst & Young Tax Consultants Sdn. Bhd. (EY), in collaboration with the Lembaga Hasil Dalam Negeri Malaysia (LHDNM), is pleased to announce the launch of the EY Young Tax Professional of the Year (YTPY) 2021 Malaysia competition. The ninth edition of the Malaysia program was launched today at a virtual event, attended by undergraduates, management and academic representatives from institutions of higher learning, members of the media as well as EY leaders and LHDNM officials. The event included a sharing session by previous EY YTPY Malaysia participants.
In view of the on-going COVID-19 pandemic, this year’s YTPY competition will be held virtually for the second 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”.
Last year, national winner Ashley Lim Siew Fern flew the Malaysian flag high at the international final and was named the 2020 EY Young Tax Professional of the Year. Ashley, who was pursuing her Bachelor of Commerce (Professional Accounting) degree in Tunku Abdul Rahman University College, was selected from 32 finalists from around the world.
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 Friday, 30 July 2021. 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, on 18 August 2021. The top three winners of the EY YTPY 2021 Malaysia competition will then be announced shortly after.
Building tax professionals and leaders of the future
Amarjeet Singh, EY Asean Tax Leader and Malaysia Tax Leader, Ernst & Young Tax Consultants Sdn. Bhd. said, “At EY, a key focus of our purpose of building a better working world is building talent, particularly our future generations. We are committed to creating positive and meaningful opportunities for them to grow, develop and take their place as future professionals and leaders.”
“As the tax function continues to evolve at an unprecedented speed, we see exciting new challenges and opportunities in the industry and profession. There has never been a better time to pursue a rewarding career in Tax and we look forward to seeing more students explore Tax as a potential future career,” he added.
Farah Rosley, Partner and Malaysia Tax Markets Leader, Ernst & Young Tax Consultants Sdn Bhd echoed, “Through the EY YTPY program, participants have the opportunity to learn first-hand about local and international business, tax rules and systems, while at the same time, build their professional and leadership skills. We believe this competition will encourage participants to step out of their comfort zones, challenge them to think creatively and strategically when formulating solutions to business challenges and help them hone their inter-personal skills and confidence. At the same time, the competition will enable them to build their network and connections with tax professionals and business leaders around the world.”
Building and sustaining the nation’s economic resilience and growth
Datuk Mohd Nizom Sairi, Deputy CEO, Tax Operations Department, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) said, “LHDNM is proud to be a supporter of the EY YTPY Malaysia program for the ninth consecutive year. The role of Tax has grown in strategic impact from a macro perspective. Tax has been and will remain a key economic policy instrument that helps businesses and markets enhance their competitiveness; it helps nations drive growth, development and prosperity. Tax is also seen as a tool for equality and inclusive growth amidst the increasingly complex global socio-economic landscape.”
“In this context, developing a strong pipeline and pool of tax talent, professionals and leaders with the right skill sets and tax knowledge is crucial in building and sustaining the resilience and growth of our economy well into the future. We strongly believe that the EY YTPY program is one such platform available to help us engage our youth positively as well as to nurture the growth of the Tax profession and industry in Malaysia,” he added.
An amazing opportunity and an exceptional experience
Hisham Halim, Partner, Ernst & Young Tax Consultants Sdn. Bhd. and Program Director of the EY YTPY Malaysia program elaborated, “The EY YTPY program is the next quest for undergraduates seeking to stretch themselves and build their knowledge and skills outside of campus walls. The competition is specifically designed to challenge participants to think critically by applying different lenses when analyzing real issues affecting global businesses today. At both the national and international levels, they will need to draw on their strong commercial awareness and analytical and creative thinking skills to derive innovative solutions to help companies navigate real and 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 this 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 2021 Malaysia competition at ey.com/my/careers/ytpy.
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young Tax Consultants Sdn Bhd, a member of the global EY organization.