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First You Must Understand
What is Tax Audit? And... What is Tax Investigation?

First You Must Understand
What is Tax Audit? And... What is Tax Investigation?

Tax Audit is a review of a taxpayer's tax records to ensure that the income and taxes declared by the taxpayer to the Inland Revenue Board are true, accurate and in compliance with tax laws.
Selecting a taxpayer for tax audit does not mean that he/she has made a mistake.

However,

Tax investigation is when the Inland Revenue Board has accurate and certain evidence to prove that the taxpayer has avoided paying tax or violated the law before launching a special investigation.
Once a taxpayer is found to be negligent or deceitful, the Inland Revenue Board will have the power to claim back the relevant tax losses at any time and indefinitely.

How many years does the Inland Revenue Board have the power to check you? 

How many years does the Inland Revenue Board have the power to check you? 

According to the Inland Revenue Board, the authorities will only launch special investigations if they have accurate and certain evidence that the taxpayer concerned has avoided paying taxes or violated the law.

However, once the taxpayer is found to be negligent or deceitful, the Inland Revenue Board will have the power to claim the relevant tax losses at any time and indefinitely.

Even if it exceeds the statutory 5 or 7 years, as long as the tax bureau has evidence to prove that the taxpayer has violated the tax law, even if it is a case of more than 10 or 20 years, the authorities have the right to pursue tax indefinitely!

Penalty?!

Penalty?!

If it is found during the tax audit that you have omitted to declare tax, a penalty as high as 100% could be levied,
Or as confirmed by the Director General of Inland Revenue Malaysia (DGIR): first-time violation taxpayers will be fined 15%.

Prevention is better than cure. No panic when Inland Revenue Board investigates you!

Prevention is better than cure. No panic when Inland Revenue Board investigates you!

As long as you are prepared, you should not be afraid of being investigated by Inland Revenue Board
We have assisted countless clients in successfully navigating IRB investigations.

But what you need to know is that tax planning is not something that can be done in a day, so you must have a clear understanding of how tax works.

Come and learn with us now, the opportunity is rare!

Join [Top 11 Landmines That Make Tax Authorities Target Your Business]
You will learn:

Join [Top 11 Landmines That Make Tax Authorities Target Your Business]
You will learn:

  • Why Tax is a concern for bosses?
  • ​5 major criteria that triggers the Inland Revenue Board to target you
  • ​How many years does the Inland Revenue Board have the rights to check you?
  • ​Top 11 Landmines that make Tax Authorities Target You

Who should attend [Top 11 Landmines That Make Tax Authorities Target Your Business]?

Who should attend [Top 11 Landmines That Make Tax Authorities Target Your Business]?

  • Business Owner/Entrepreneur (including Sole Proprietorship/Partnership)
  • ​Accounting/Finance Staff
  • ​​You who are troubled with tax issues!

Speaker Profile

Datin Yap Shin Siang
YYC Group CEO & Finance Expert

- CEO of YYC Group, an Asian-grown accounting and business advisory group with a 48-year history of empowering entrepreneurial success. 
- Over 20 years of professional experience in public accounting, tax, and business advisory. 
- Rich expertise in finance, marketing strategy, sales strategy, and legal matters.
- Under her leadership, YYC today is ranked among the top 10 accountancy firms by size and can rival the Big Four locally.
- Being the second generation in the family business, she has grown a team of 50 staff to an 800-strong team which is trusted by 10,000 entrepreneurs.
- She has also tripled the business revenue since 2016 and won the attention of OCBC Bank in 2019 to invest and become a strategic partner of YYC.
- She is also a frequent speaker for seminars organised by China Press, Nanyang Siang Pau, Malaysian Institute of Accountants (MIA) and various trade associations such as Malaysia Retail Chain Association (MRCA), Master Builders Association Malaysia (MBAM), The Timber Exporter’s Association of Malaysia (TEAM) and many more.
[Top 11 Landmines That Make Tax Authorities Target Your Business]
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