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EY - Young Tax Professional of the Year 2018

Young Tax Professional of the Year

EY - Young Tax Professional of the Year 2019
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Raise your game

Ready to discover new opportunities and your true potential?

Do you want to see the business world in global terms? Learn to work with people from around the world and learn how business is done in different cultures? And at the same time, learn new skills that are expected of tomorrow’s leaders?

Then sign up for the EY Young Tax Professional of the Year (YTPY) 2019 Malaysia competition!

The EY Young Tax Professional of the Year is an international tax competition which allows students from all over the world to test and demonstrate their business acumen, commercial awareness and tax technical skills.

It is also an opportunity to take one’s career further, faster…

If you have any queries about this competition, please email eyytpy@my.ey.com.

Eligibility criteria

The competition is open to:

  • Malaysian undergraduate and post graduate students, studying in local or foreign universities or colleges
  • Full-time students pursuing professional qualifications as at 27 November 2019
  • Undergraduates/students who may have graduated or completed their professional exams in 2019 but have not commenced full-time employment as at 27 November 2019

N.B. 27 November 2019 is the day the international final ends.

The competition works in two stages:

Preliminary stage

At this stage, you’ll need to submit a response to a case study (see below) via a PowerPoint presentation and a video presentation.

EY YTPY 2019 Malaysia case study and instructions

Deadline for submission of presentations: 5:00 p.m. on Friday, 16 August 2019

Based on the presentations, a panel of judges will determine 10 finalists.

Judging will be based on (but not limited to) the following criteria:

  • Content
  • Depth of issues presented
  • Research analysis adopted
  • Critical thinking
  • Creativity
  • Commercial awareness
  • Overall presentation

Final stage

The 10 finalists will be assigned a case study to prepare individually.

Thereafter, they will be invited to a half-day event at the EY office in Kuala Lumpur in October, where they will have to present their response to the case study to a panel of independent judges.

The top three winners of the EY YTPY 2019 Malaysia will be announced at an awards ceremony on the same day.

The first prize winner of the EY YTPY 2019 Malaysia award will go on to represent the country at the EY YTPY International Competition that will take place in the Netherlands from 23 - 27 November 2019.

If you have any queries about this competition, please email eyytpy@my.ey.com.

National prizes

1st prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • Represent Malaysia in the international competition
  • RM 8,000.00 cash prize

2nd prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • Stand-by participation in the international competition
  • RM 6,000.00 cash prize

3rd prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • RM 3,000.00 cash prize

If you have any queries about this competition, please email eyytpy@my.ey.com.

The first prize winner of the EY YTPY 2019 Malaysia award will represent the country at the EY YTPY international competition that will take place in the Netherlands from 23 - 27 November 2019.

During the international final, the EY YTPY national winners will be challenged with case studies to prepare and present before a panel of international judges. They will work closely with people from other cultures and backgrounds.

After a final review of their performance throughout the competition, the participants will be invited to a prestigious awards ceremony where the top three winners of the EY Young Tax Professional of the Year award will be announced.

International prizes

1st prize:

  • A 30-day round-the-world business trip built around 10-day working visits to key EY Area Tax Centers in London, New York and Hong Kong

2nd prize:

  • A 10-day visit to one of the EY Area Tax Centers

3rd prize:

  • An invitation to take part in one of the exceptional EY international client conferences, where you will rub shoulders with some of the finest EY member firms’ partners and most valued clients

Please visit www.ey.com/ytpy for more information about the international final.

EY - YTPY

Carlos Wong Fook Chin, Tunku Abdul Rahman (TAR) University College student was named first runner-up at the EY Young Tax Professional of the Year (YTPY) 2018 international final, held in Amsterdam in November last year.

The international competition saw representatives from 21 countries convene to participate in technical workshops, case studies and interviews before a judging panel, which included EY leaders, academics and Tax directors from major multinational companies.

EY professionals caught up with Carlos upon his return from Amsterdam.

Share your feelings about this recognition.
Being named the first runner-up at the international final was one of my best achievements in life. I am so thankful and I feel fortunate to have all my efforts paid off. This recognition has made me believe that with hard work, there will be success as long as you believe in yourself.

What was it like participating in the EY Young Tax Professional of the Year 2018 international finals?
It was surreal! As a student, I could not imagine a place that would enable me to have fun with great people from 21 different countries across the globe. To me it was more than just a competition. The first few days of the program really added value to us – we met global tax leaders and we mingled around and built up unforgettable friendships.

What were some memorable experiences from the competition?
My entire experience with the other finalists in Amsterdam was memorable. Coming from different backgrounds and cultures, it was nice to be able to exchange stories about our countries. I was also intrigued by what they shared, their notions and their attitudes.
One of the most memorable moments would be how I broke out of being shaky and uptight when I was with the other finalists. Although my friends gave me some positive feedback like I was confident and friendly from day one, truth be told I was very nervous on the inside.

Because of our accents, I felt uneasy when my friends couldn’t understand what I was saying. I also felt sorry when I couldn’t understand what they were trying to say! Thankfully all these things got better after the first day and I really started to relax and enjoy all the moments with them.

How did you like Amsterdam? Was it anything like you imagined?
It’s my first time in Europe, so everything in Amsterdam was new to me. I had made arrangements to arrive earlier so that I had some time to explore the city. I took a long walk – a few hours around the city and it was breathtaking.
It was also my first time experiencing winter. Although it was very cold, I enjoyed it more than the hot weather we have in Malaysia. And I was surprised when I couldn’t find any water dispenser at the airport. Turns out the tap water in the Netherlands is safe to drink.

Tell us a bit about yourself. What kind of person is Carlos Wong?
I’m the kind of person who enjoys progressing myself. I’m not an extrovert but I like socializing because it allows me to meet new people who inspire me to be a better person.
Some people may think I’m a workaholic but that’s not entirely true. I enjoy spending time with my loved ones and playing various sports such as mixed martial arts, basketball, swimming and working out.

What is next for you?
For now, my priority is to complete my degree and ACCA. And as the first runner-up of EY YTPY, I look forward to another Europe trip before I start working.

  1. What is the EY Young Tax Professional of the Year (YTPY) Award?
    The EY YTPY Award was created to reward and encourage the next generation of tax professionals. In 2019, students and young graduates representing over 30 countries will compete for the EY YTPY title in the Netherlands from 23 - 27 November 2019.

  2. What is the difference between the local and international competitions?
    Participants in each country compete for the country’s national EY YTPY Award. Each country winner is then eligible to join other country winners at the international final in the Netherlands to compete for the international EY YTPY 2019 Award.

  3. When did the program start?
    The EY YTPY program started in 2011 and involved nine countries. It has since grown to involve over 30 countries. The program was launched in Malaysia in 2013.

  4. How many countries are involved?
    The EY YTPY competition will be held in over 30 countries this year.

  5. Why was YTPY program established?
    The answer, quite simply, is that young talents matter: they are the next generation of tax professionals, a profession that is growing in strategic importance.

    The EY YTPY is an innovative program that seeks to reward and encourage the next generation of tax professionals.

    The award honors the contributions of promising students and graduates, and serves to:
    • Reaffirm the growing importance of tax knowledge in the world of business and finance among university students and graduates
    • Promote the emergence of young talented professionals in the field of tax, thus fostering interest for the tax profession and a future career in this field
    • Demonstrate to business leaders, the tax profession and tax administrations globally that investment in future tax talent is essential

  6. How does a participant get to the international level of the EY YTPY Award?
    The process begins with a national competition in most countries. All country winners are then eligible for the international EY YTPY Award. There is no separate nomination process for the international EY YTPY Award since all the candidates qualify on the basis of being the current EY YTPY country winners.

  7. Will there be awards given for different categories at the international level of the EY YTPY Award? What will the prizes be?
    There are no specific award categories, but there will be a special recognition for the candidate who demonstrates the most "inclusive leadership" style and skills.

    The three successful winners will be rewarded as follows:

    • First prize: A 30-day “round-the-world” business trip built around a 10-day working visit to key EY Area Tax Centers in London, New York and Hong Kong
    • Second prize: A 10-day visit to one of the EY Area Tax Centers
    • Third prize: An invitation to participate in an EY international client conference, at which the winner will have the opportunity to meet EY leaders and key clients

    There is also an additional prize:

    • Patrick Dibout Inclusive Leadership prize: Bearing the name of a founding member of the competition, this prize is awarded to the candidate who demonstrates the most inclusive leadership behavior, as well as a particular interest and a high capacity to leverage diverse perspectives and ideas. The winner is selected by his/her peers, based on his/her openness to listening and learning about other cultures.

  8. How are the winners selected?
    All the participants competing for this year's international EY YTPY Award have won the title of EY YTPY 2019 in their respective countries.

    During the final testing days preceding the international EY YTPY award, each participant will have the opportunity to work closely with a diverse range of tax professionals who will assist in preparing the candidates to meet with the final judging panel.

    The finalists will be challenged with international taxation case studies and interviews before expert judges who will be looking for evidence of creative and analytical strengths, as well as practical skills, inclusive leadership behavior and personality. The panel will then confirm the three winners of the EY Young Tax Professional of the Year Award 2019.

  9. What kind of guidance are the participants given to prepare for the competition?
    Each country winner will have an EY tax professional to act as a local coach, providing insight on tax technical and approaches to case analysis and presentation. At the international event, EY senior tax professionals will be present to provide individualized guidance and feedback.

  10. Who is on the judging panel? How do you ensure the judging process is unbiased?
    The judging panel will include not only partners of the EY Tax services, but also influential members of the tax community from government, academia and corporations. Judges are rotated from year to year, to ensure fresh thinking and enthusiasm in the judging process.

  11. How can students and graduates coming from vastly different academic and professional backgrounds be judged against each other?
    The award is given on the basis of six criteria, allowing all country winners an equal opportunity to compete: entrepreneurial spirit, financial “flair”, strategic direction, innovation, technical knowledge and executive presence.

  12. Winners of the international EY YTPY 2018 Award:
    • First prize: Samantha Schwarz, Australia
    • Second prize: Carlos Wong Fook Chin, Malaysia
    • Third prize: Daniel Lewis, South Africa