Managing Taxpayers & LHDN Expectations in Tax Audits – A Guide for Tax Practitioners

INTRODUCTION

The Inland Revenue Board of Malaysia (IRBM) in its recent tax audit framework, expressed its expectation for tax agents to be professional, honest, cooperative and highly knowledgeable of the law as well as best practices, in order to handle the tax audit process effectively and efficiently. Tax audits and investigations, as essential elements of the self-assessment system are carried out with the objective of increasing the rate of voluntary compliance. During the audit process, IRBM employs numerous techniques and tools to examine the taxpayer’s records, financial affairs, documentation, substance of documentation and business practice. It is in the taxpayer’s interest for an audit to be completed cooperatively and efficiently. This programme empowers you with the necessary knowledge and skills to handle the various stages of a comprehensive tax audit and investigation, including special action units, special task force enforcement actions, money laundering and the penalty mechanism.

COURSE OUTLINE

This programme aims to help participants:

• Be empowered with the knowledge and practical skills to handle the various types of tax audits and investigations
• Understand the rights and responsibilities of various parties involved in the tax audit and investigation process
• Comprehend the voluntary disclosure process and its pros and cons, and analysis of penalty waiver mechanism

Methodology

Interactive lectures and discussion.

Who Should attend

• Tax Agents/Consultants
• Accountants in Corporate
• Directors and Business Managers

PROFILE(s)

Renganathan Kannan is a Tax Controversy partner at TraTax, an independent tax advisory firm which is ranked among the top 10 firms in the country for transactional tax & indirect tax firm in Malaysia. A licensed tax agent specialising in tax advisory work. Renganathan regularly advises clients from diverse industries on the tax audit, investigation and appeal matters. He served as an elected council member of the Malaysian Institute of Accountants (MIA) for three consecutive years (2016-2019) and Chairman of Young Professionals Committee of MIA for three consecutive years (2018-2020). He is also a fellow member of various local and international professional bodies and associations for the tax and chartered accountancy sector. A familiar face at various tax forums and seminars, Renganathan regularly speaks about tax matters.