Tax Audit & Investigation

Under the self-assessment regime, the IRBM will conduct tax audits / investigations to ascertain the compliance level of the taxpayers.  

A taxpayer can be selected for an audit at any time. However, it does not necessarily mean that a taxpayer who is selected for an audit has committed an offence. Any non-compliance will potentially attract penalties of up to 300% of the tax under-charged. It is crucial to manage tax audit and investigation risks proactively. Failure to do so, could result in unexpected and significant tax liabilities.
 

How we can assist you

We have a dedicated and experienced professional team in RSM to assist you with the following:

1. Pre-tax audit / investigation
2. During the course of tax audit / investigation
3. Post tax audit / investigation 
    

Our services include:

• Risk assessment review
• Acting as the bridge between you and the IRBM
  • Providing guidance and assistance throughout the process
  • Meeting with clients to explain the procedure, practices and relevant tax laws and regulations
  • Advising clients on the audit findings / issues 
  • Assisting clients with the queries raised by the IRBM 
  • Attending meetings and discussions with the IRBM in pursuit of an amicable settlement / resolution 
• Preparing and reviewing Capital Statements
   

Contact us

Complete this form and an RSM representative will be in touch.