Are you prepared?
Throughout the years, the Inland Revenue Board of Malaysia (“IRBM”) has intensified enforcement activities. It is expected that more tax audits and investigations are to be carried out by IRBM in the near future to assess the compliance level of taxpayers in Malaysia.
You can be selected for an audit or investigation at any time.
Incorrect return can be imposed up to 100% of the tax undercharged. As such, it is crucial to manage tax audit and investigation risks proactively. Failure to do so, could give rise to adverse tax implications, including significant tax liabilities.
How we can assist
Identifying potential challenges early and ensuring compliance with regulations imposed by the IRBM are critical in managing non-compliance risks effectively.
We have a dedicated and experienced professional team in RKT Group to assist you with the following:
- •Pre-tax audit / investigation
- •During the course of tax audit / investigation
- •Post tax audit / investigation
During tax audit / investigation, we can act as the bridge between you and the IRBM:
- Providing guidance and assistance throughout the process.
- Meeting with you / your team to explain the procedure, practices and relevant tax laws and regulations.
- Advising on the audit findings / issues.
- Assisting you / your team with the queries raised by the IRBM.
- Attending meetings and discussions with the IRBM in pursuit of an amicable settlement / resolution.
- Assisting with any other relevant tax services.
Our services:
Tax Audit and Investigation
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Review and submission of documents / information to IRBM.
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Field audit support:
- •Pre
- •During (on-site support)
- •Post
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Appeal against IRBM’s tax audit findings and adjustments until tax audit closure.
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Application for tax instalment payments for settlement of additional tax payable and penalty (where applicable).
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Special Commissioners of Income Tax (“SCIT”) matters.
Capital Statement (Net Worth Analysis)
Tax Health Check / Risk Assessment Review
