Malaysia: 2018 Tax Investigation Framework

Following its April 2018 release of the 2018 tax audit framework, the Malaysian Inland Revenue Board (IRB) has issued the 2018 tax investigation framework (TIF). The 2018 TIF is effective as of 15 May 2018. It is broadly similar to the 2013 TIF. Unlike the 2013 TIF, the 2018 TIF specifies that IRB o...

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Bibliographic Details
Published inJournal of International Taxation Vol. 29; no. 9; p. 8
Main Authors Chua, Meng Hui, Finnerty, Chris, Parsch, Kazuyo, Yap, Bee-Khun, Singh, Amarjeet, Puri, Anil Kumar
Format Trade Publication Article
LanguageEnglish
Published Boston Thomson Reuters (Tax & Accounting) Inc 01.09.2018
Subjects
Corporate income tax
Fines & penalties
Income taxes
Installment payments
International taxation
Singh, Anil
Tax audits
Taxpayers
Malaysia
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Summary:Following its April 2018 release of the 2018 tax audit framework, the Malaysian Inland Revenue Board (IRB) has issued the 2018 tax investigation framework (TIF). The 2018 TIF is effective as of 15 May 2018. It is broadly similar to the 2013 TIF. Unlike the 2013 TIF, the 2018 TIF specifies that IRB officers can obtain clarification/documents from anyone relevant to the case being investigated to assist with the tax investigation. The 2018 TIF says that an accredited lawyer can be present during the recording of statements from persons relevant to the investigation. This was not stated specifically in the 2013 TIF. After completion of the investigation procedures, the IRB would issue an official settlement or conclusion letter to the taxpayer. If the taxpayer accepts the settlement, the taxpayer will sign either an agreement or a letter of undertaking.
ISSN:1049-6378