Is Preparing a Capital Statement Mandatory in Malaysia?

INTRODUCTION

The Capital Statement has become one of the most common investigation methods used by the Inland Revenue Board to detect under-reporting of income or tax evasion. This programme will help you to understand how to correctly prepare a capital statement as well as to improve your tax negotiation skills in resolving tax matters with the IRB.

COURSE OUTLINE

• Consequences of not submitting tax returns

• Using Big Data to Catch Tax Evaders

• Unexplained extraordinary wealth

• Best Judgement Assessment

• Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA)

• How to prepare a capital statement

• Who is targeted for capital statements?

• What is a CP 102 and CP 103?

• Tax management – improving your tax negotiation skills