Tax

Are You Prepared?

Throughout the years, the Malaysian Inland Revenue Board (“MIRB”) has intensified enforcement activities. It is expected that more tax audits and investigations are to be carried out by MIRB 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 you

Identifying potential challenges early and ensuring compliance with regulations imposed by the MIRB are critical in managing non-compliance risks effectively.

We have a dedicated and experienced professional team in RSM to assist you with the following:

Pre-tax audit / investigation.

During the course of tax audit / investigation.

Post tax audit / investigation.

During the tax audit and investigation, we will be acting as the bridge between you and the MIRB:

Providing guidance and assistance throughout the process.
Meeting with clients to explain the procedure, practices and relevant tax laws and regulations.
Advising clients on the audit findings / issues.
Assisting clients with the queries raised by the MIRB.
Attending meetings and discussions with the MIRB in pursuit of an amicable settlement / resolution.
Assisting with any other relevant tax services.

Our services include:

Tax Audit and Investigation

Review and submission of documents / information to MIRB.
Field audit support:
1. Pre.
2. During (on-site support).
3. Post.
Appeal against MIRB’s tax audit findings and adjustments until tax audit closure.
Application for tax instalment payments for settlement of additional tax payable and penalty (where applicable).
Special Commissioners of Income Tax (“SCIT”) matters.

Capital Statement (Net Worth Analysis)

Tax Health Check / Risk Assessment Review