Vincent Lui to represent Malaysia at the international finals of the EY Young Tax Professional of the Year 2022 competition

Vincent Lui Kok Leong (吕国梁) of Tunku Abdul Rahman University College (TARUC) was announced today as the winner of the EY Young Tax Professional of the Year (YTPY) 2022 Malaysia at an event graced by Datuk Mohd Nizom Sairi, Chief Executive Officer of Lembaga Hasil Dalam Negeri Malaysia (LHDNM).

Vincent Lui, 21, who is pursuing his Bachelor of Commerce (Honours) in TARUC will represent Malaysia at the EY Young Tax Professional of the Year international finals, where he will compete against winners from other countries for the title of “EY Young Tax Professional of the Year 2022”. As the winner of the EY YTPY 2022 Malaysia competition, Vincent Lui 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 in tax services with Ernst & Young Tax Consultants Sdn Bhd.

The first runner-up is Tan Wei-Hoong (陈崴鸿), 21, who is also pursuing his Bachelor of Commerce (Honours) in TARUC. Wei-Hoong will receive a cash prize of RM 6,000 and a paid internship of no less than eight weeks or a conditional offer of employment as well in Tax services.

Nur Amirul Harith bin Hishamuddin, 21, who is pursuing his Association of Chartered Certified Accountants (ACCA) professional qualification in Sunway TES CAE  was named second runner-up. He will receive a cash prize of RM 3,000 and also a paid internship or a conditional offer of employment with Ernst & Young Tax Consultants Sdn Bhd.

In his address, Datuk Mohd Nizom Sairi said, “HASiL (LHDNM) has been actively supporting the EY YTPY programme since its inception. Over the last decade, we have had many opportunities and touch points to promote tax awareness, understanding and knowledge; engage with our youth; and expose them to rewarding career opportunities in tax. More importantly, the EY YTPY program helps us achieve our shared objectives of cultivating and building future-focused tax competencies among our young talent. We need to continue the momentum of building and enhancing the talent and capabilities of our national workforce to support the nation’s recovery and growth, and remain competitive and resilient.

“HASiL is committed to continuosly support our undergraduates through this program and help them expand their skills to the next level. The exposure and key takeaways from the EY YTPY program are very much in line with the globalized nature and pace of business today. We are pleased to see the positive outcomes of this experience for our Malaysian undergraduates, in terms of broadening their mindsets, honing their skills and building their confidence to compete and collaborate with their global peers in the international arena.”

Farah Rosley, Malaysia Tax Managing Partner, Ernst & Young Tax Consultants Sdn. Bhd. said, “At EY, we are passionate about opening doors for our younger generation to help them explore Tax as a career choice and discover their potential in this profession. The EY Young Tax Professional of the Year competition, or better known as EY YTPY, sets itself apart from many other undergraduate programs as an enabler for young talents to explore, discover, thrive and achieve beyond the confines of their campus walls. It provides them a glimpse into the real working world across borders and cultures. This type of exposure is particularly vital given the intense changes we see in the global business landscape today.

The tax profession has evolved significantly over the years and continues to do so in line with regulatory developments, technological advancement and innovation. With disruptions such as those arising from climate change and the COVID-19 pandemic impacting our day-to-day lives and economies around the world, governments and businesses look to Tax professionals as trusted advisors. We are helping organizations and businesses transform and build future-focused tax and finance functions, embedding leading practices and agility in their long-term strategic road maps. By leveraging our experience, knowledge and insights, we are also uniquely positioned to help provide strategic, viable solutions to facilitate business and commerce as well as sustainable progress and development.

“This is what the EY YTPY program is committed to developing. The success of the program over the past ten years is testament to the close collaboration between EY, LHDNM and institutions of higher learning in our aligned objectives to foster growth, development and excellence for talents, the tax profession and industry in Malaysia” added Farah.

Hisham Halim, Partner, Ernst & Young Tax Consultants Sdn Bhd and Program Director of EY Young Tax Professional of the Year Malaysia, shared, “The EY YTPY program is a platform for our young talents to apply their skills to real issues affecting multinational corporations today. The program is designed to encourage the participants to consider and apply various perspectives when dealing with issues that impact businesses. It allows them to showcase their ability to interpret, analyze, innovate and adapt under rigorous conditions to deliver creative and outstanding tax solutions.”

“Our panel of judges, comprising representatives from LHDNM and EY are impressed by the depth of response to the case study and the high standard of presentations by all the 15 semi-finalists. We have no doubt that Vincent Lui will do Malaysia proud at the international competition.”

The international EY YTPY 2022 competition will take place late January 2023. It will entail learning, team-building and networking sessions. Judging will take place in February 2023 and the top three winners of the EY Young Tax Professional of the Year 2022 will be announced at an award ceremony in March 2023.

For more information about the EY Young Tax Professional of the Year, visit ey.com/my/careers/ytpy

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Summary

Vincent Lui of Tunku Abdul Rahman University College (TARUC) emerges as winner of Malaysia’s EY Young Tax Professional of the Year 2022 competition