Tax Audits & Investigations: An Advance-Level Practical Approach
Course Information
  • 11-May-2020
  • Concorde Hotel, Shah Alam
  • Vincent Josef
  • English
  • RM 650 RM 550
    Until 11 Apr 2020
  • 9:00am - 5:30pm
(A) INTRODUCTION
When companies, professionals, or other businesses fall under income tax audits or investigations, many are unprepared for the intense scrutiny they would be subject to. This intense seminar covers the practical steps to be taken from the start of business, and the records and documents that need to be maintained.

The seminar also examines how information furnished in Return Forms is utilised by the Inland Revenue Board. Simple data and details may not be that innocent after all. The completion of Capital Statements required of directors and other individuals is explained in detail together with the determination of possible income decits.

The Seminar Programme will be presented through reference to the law, denitions, practical examples, case studies, and computations.

(B) OBJECTIVES
• To offer an intense understanding of the Tax Audits and Investigation activity that the Inland Revenue Board carries out
• To examine this topic from the Practical Perspective in respect of properly responding to the requirements of the taxation authorities
• To learn how to prepare and complete the various forms and other documents demanded by Inland Revenue
• To explain the correct approach in presenting Income Determination, Assets and Liabilities, and Estimate of Living Expenses
• To learn the importance of maintaining proper records, accounts, and documentation for utilisation against challenges by the tax authorities

(C) WHO SHOULD ATTEND
• Businessmen and Corporate Officials
• Doctors, Lawyers, and other Professionals
• Partners, Directors, and LLP Partners
• Finance Directors, Accountants & Auditors
• Tax Practitioners

(D) DATE & VENUE
Date: 11 May 2020 (Mon)
Time: 9AM - 5PM
Venue: Concorde Hotel, Shah Alam

(E) FEE
Early Bird Offer (before 11 Apr 2020) RM 550
Special Offer (before 17 May 2020) - RM 600
Normal Fee - RM 650

- Fee includes course Notes, Lunch, Refreshments/ Tea Breaks, Certificate of Attendance & 6% Government Service Tax, 8 hours CPD

** DISCOUNT **

- 20% overriding discount for SST2u Loyalty Card members

(F) COURSE CONTENTS
1. Preparation of Accounts
i. Day-to-day records and documentation
ii. Bank Statements and Full Reconciliation with accounts
iii. Profit & Loss Account, Balance Sheet, Supporting Notes
iv. Evidence of Income & Expenses – Receipts, Bills, Vouchers, Agreements

2. Trigger Factors From Return Forms
i. Analysis of Financial and Accounting Position
ii. Data Relationships, Income Tax Computations
iii. Related Party Transactions
iv. Partners, Directors, Shareholders; Current Accounts & Shareholdings

3. Audit/Investigation Action by Inland Revenue
i. Basis of Income Recognition; Performance and Benchmark Ratios
ii. Declaration Verification - From records, bank statements, etc
iii. Examination of Expenses – Nature, Quantum, Relevance
iv. Documentary Evidence to support Expenditure
v. Computation of Income-Shortfall, Additional Assessments and Penalties
vi. Making an Effective Appeal

4. Capital Statements, Net Worth Analysis and Estimate of Living Expenses
i. How to identify and report Assets and Liabilities
ii. Relevant supporting documents
iii. Cost or Market Value; Acquisitions and Disposals of Assets
iii. Estimating Living Expenses
iv. How Revenue would compute income discrepancy or surplus

Q&As


(G) SPEAKER PROFILE

VINCENT JOSEF
Tax Consultant, Former IRB Asssitant Director General

Vincent Josef began his career with the Inland Revenue Board in 1968 and over the next 35 years he served in various Tax Branches. Prior to his retirement, he was with the Operations Division of the Board Headquarters where he held the position of Assistant Director General. In addition, He has wide experience in lecturing at IRB events and Malaysian professional institutions including
Chartered Tax Institute of Malaysia, Malaysian Institute of Accountants, CPA Australia, MAICSA and Commerce Clearing House (CCH) Malaysia.

With his 50 years’ experience in the field of taxation, He also manages his own practice providing taxation consultancy services focusing on Tax Audits and Investigations. He has written a book “Tax Audit and Investigation Guide Malaysia” published by CCH Malaysia and served as their Consultant Editor in respect of the Malaysian Master Tax Guide.

(H) REGISTRATION & ENQUIRY

Email: SSTcourse@gmail.com
Enquiry:
General (03 - 8082 3357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)