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DATE
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Saturday, 3 April 2021
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| Title | Protect your TAX interest |
| Webinar Details | Malaysia’s 2021 income tax filing season is now in motion.
With the expected rise in Malaysia’s 2021 tax target collection forecasted by the administration, the Inland Revenue Board (“IRB”) has become increasingly active in conducting tax audit and investigation activity, focusing on High-Net-Worth Individuals and Companies.
High-Net-Worth individuals have been directed by the IRB to prepare Net-Worth-Analysis while Companies are generally required to furnish additional financial documents to the IRB. Any mishandling in dealing with the IRB may have dire financial consequences to an individual or a Company.
Interested to find out how you can protect your tax interest? Come join us and
KPMG Tax Specialist in the live webinar to discover: · What is the IRB’s Net-Worth-Analysis? · Area of focus by the IRB on Companies tax audit and investigation exercise · Tips on how to manage an individual tax audit and investigation exercise |
| Moderator | Danny Chang
Standard Chartered Bank Malaysia |
| Speaker(s) | Soh Lian Seng
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| Key Takeaways | The Inland Revenue Board (IRB) has increased its focus on auditing/investigating high-net worth individual to verify whether the taxpayer’s has rightfully declared his or her income. Here are how we can be more prepared for possible review:
1. Mindset: Taxpayer must have the right mindset when submitting tax return or when prepare for any tax matter. This mean one should declare the right amount of income, claim the right amount of expenses and pay the right amount of tax.
You can watch the webinar playback below and discover the written responses from KPMG Tax Services for the popular questions posted during the event HERE. |