(Tax Update) Understanding IRB Tax Audits in Malaysia

Understanding IRB Tax Audits in Malaysia

Here are the top five common questions taxpayers in Malaysia often raise concerning the Inland Revenue Board (IRB) tax audits:

Why I kena tax audit?
What are the consequences of discrepancies found during an audit?
What documents should I prepare for a tax audit?
What is the hot issues IRB normally focus in a tax audit?
Can I appeal an audit decision?

Tax Audit

Join us as we talk seriously the crucial aspects of tax audits conducted by the Inland Revenue Board of Malaysia (IRBM).

Our experts together with Mr Koh Teck Peng (the Group Principal) and Miss Lim Nguan Lian (the Client Relationship Manager) cover everything you need to know to navigate IRB desk and tax audit with confidence.

Key Topics Discussed:

Introduction to Tax Audits - What exactly is a tax audit, and why is it important?
Objectives of Tax Audits - Discover the main goals of conducting a tax audit.
Audit Period - Learn about the coverage period for which your finances may be audited.
Audit Triggers - Identify what factors might trigger a tax audit.
Conduct of Tax Audits - Understand the audit process and what taxpayers should expect.
Preparation for Audits - Find out which documents and records are essential to prepare for an audit.
Roles and Responsibilities - Clarify the rights and duties of IRB officers, taxpayers, and tax agents during the audit.
Audit Outcomes - Explore potential outcomes and consequences of a tax audit.
Handling Penalties - Procedures for the payment of additional taxes and penalties resulting from an audit.
Dispute Resolution - Options available for taxpayers who are dissatisfied with their assessment notices.

Don’t miss out on expert insights to help you prepare for and respond to IRBM tax audits effectively.

YouTube Video

Watch the 60 minutes webinar on IRB Tax Audit in our YouTube https://youtu.be/muZ_1APeMmU

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