As the Inland Revenue Board (IRB) targets a collection goal of RM197 billion, taxpayers must brace themselves for increased audits, investigations, and compliance checks.

This crackdown, discussed in a recent webinar which I attended featuring tax experts from KPMG, Deloitte, PwC, and RDS hosted by Wolters Kluwer, emphasized the key focus areas for IRB.

From high-net-worth individuals and transfer pricing to tax incentives and domestic related party transactions, the IRB is scrutinizing compliance with new levels of intensity.

Now is the time for businesses and individuals to review their tax positions and ensure full compliance to avoid hefty penalties.

Read the full content in our blog
https://www.ktp.com.my/blog/irb-tax-focus-areas-malaysia/18sept2024