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Adeline Wong

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Adeline Wong heads the Tax, Trade and Wealth Management Practice Group of Wong & Partners and the Tax and Trade Practice Group of Baker McKenzie member firms in the Joint Asian Offices. She has over 30 years of experience in the area of corporate tax planning, advisory, audit and investigation work. Adeline won the Euromoney Asia Women in Business Law Awards for the Tax category in 2013, 2018 and 2020. Her practice was named the Tax and Trusts Law Firm of the Year by the Asian Legal Business Malaysia Law Awards in both 2020 and 2021. She is ranked as a Band 1 practitioner by Chambers Asia Pacific for Tax and by the Chambers High Net Worth Guide for Private Wealth Law. Clients commend her as "a leading tax lawyer" and a "standout name in the private wealth market in Malaysia" in the Chambers guides. She is also listed as a Leading Individual by Legal 500 Asia Pacific and as an Elite Practitioner by Asialaw Profiles for Tax. The International Tax Review also ranks Adeline as a Highly Regarded practitioner among its Tax Controversy, Indirect Tax and Women in Tax Leaders Guides. She has presented in both domestic and international tax conferences, including conferences organised by the Tax Executive Institute in the US, Society of Trust and Estate Practitioners in Singapore and Bloomberg BNA's Global Transfer Pricing Conference in Shanghai. She is also a regular contributor to established publications on tax-related legislation and developments in Malaysia, such as Bloomberg BNA and the International Bureau of Fiscal Documentation.
In Trade and Foreign Investment

Malaysia: Reintroduction of the Voluntary Disclosure Programme for Direct and Indirect Taxes

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Following the re-tabling of the Malaysian Budget 2023 on 24 February 2023, the Malaysian Inland Revenue Board and Royal Malaysian Customs Department have reintroduced the Special Voluntary Disclosure Programme 2.0 and the Voluntary Disclosure Programme which apply to direct taxes and indirect taxes respectively. A similar programme was previously implemented in 2022 for indirect taxes and in 2019 for direct taxes, although there are some key differences in respect of the scope and incentives.

In Trade and Foreign Investment

Malaysia’s Ratification of the RCEP and CPTPP

by , and 2 Mins Read

The ratification of two of the world’s mega-regional free trade agreements, namely the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marks a significant milestone for Malaysia in its pursuit of bolstering foreign investments and expanding its trade horizons.

In Tax

Malaysia: Malaysian Budget 2023 – Tax Highlights

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On 24 February 2023, the Prime Minister and Minister of Finance, YAB Dato’ Seri Anwar Ibrahim re-tabled the Malaysian Budget 2023 themed “Building Malaysia Madani.” The MADANI Budget is focused on addressing the current economic challenges, inspiring confidence with institutional and governance reforms and facilitating social justice by reducing inequality.

In Tax

Malaysia: Budget 2023 – Updated Tax Highlights

by , and 2 Mins Read

On 24 February 2023, Malaysia’s Prime Minister and Minister of Finance, Dato’ Seri Anwar Ibrahim unveiled the Malaysian Budget 2023, themed “Building Malaysia Madani.” This is the first budget introduced by the new Unity Government, and at RM388.1 billion, it is the largest expansionary budget in the country’s history. The MADANI budget is a testament to the Government’s commitment to a reform agenda that aims to drive economic recovery, boost tax revenue, promote good governance, and provide care for the people.

In Corporate Compliance

Malaysia: Enhanced transparency in Labuan

by , and 8 Mins Read

Following the developments to the Labuan tax regime through the introduction of economic substance requirements in 2019, the Labuan Companies (Amendment) Act 2022 recently came into effect on 10 June 2022 to amend the Labuan Companies Act 1990. These further developments to the Labuan corporate and regulatory regime clearly highlight Malaysia’s commitment towards adhering to international legal standards of corporate governance and transparency.