[Online 2-Day] IRBM Tax Audit: Addressing Issues And Appeal Procedures
Course Information
  • 08-Sep-2020
  • Online
  • Dr Yee Hun Leek
  • English
  • RM 490 RM 440
    Until 18 Aug 2020
  • 9.00am - 1.00pm
[A] INTRODUCTION
The revised Tax Audit Framework 2019, effective from 15 December 2019, has been issued by the Inland Revenue Board of Malaysia (IRBM) to ensure that tax audit is being carried out in a fair, transparent and impartial manner. This framework aims to assist audit officers to perform their duties more efficiently and effectively; and assist tax payers to fulfill their responsibilities. As tax audit involves the examination of business records, supporting documents and financial affairs of taxpayers, records have be properly kept and correct corporate tax has to be paid accordingly. After the conclusion of tax audit, the taxpayers could follow the appeal procedures if there is ground to appeal against the additional assessments raised and penalties imposed by IRB. In view of the recent changes related to tax legislations and the on-going enforcement on tax audit, the management and Directors have to be sufficiently prepared for tax audit, minimize the errors and omissions; and mitigate the risks of non-compliance.

[B] METHODOLOGY
This workshop will be interactive using power-point presentation with practical examples, case studies and research studies in Malaysia.

[C] WHO SHOULD ATTEND
• Accounts Executive
• Accountant and accounting professionals
• Finance Manager
• Finance Director / Financial Controller / CFO
• General Manager
• CEO / COO
• Director
• Business Owner

[D] DATE, TIME, FEE

Date : 8-9 September 2020 (Tue - Wed)
Time : 9.00am - 1.00pm
Mode: Online/ Interactive

[HRDF Claimable | Additional RM100 Internet Fee]

FEE:
- Early Bird Offer (before 4 Aug 2020) - RM 390
- Special Offer (before 18 Aug 2020) - RM 440
- Normal Fee - RM 490

Fee includes Course Notes, Certificate of Completion & 6% Service Tax

*DISCOUNT* - SST2u Learner Card members entitled to 15% overriding discount

[E] COURSE OUTLINE

Day 1: Tax Audit and Issues Arising

• Understanding Tax Audit Framework 2019
• Legal provisions under the Income Tax Act 1967 (ITA) which are applicable to tax audit
• Desk audit versus field audit
• Objective of a tax audit
• Years of assessment covered
• Selection of tax audit cases
• Tax audit implementation
- Initial audit action
- Audit visit
- Duration of field audit visit
- Records review / examination (IRBM Public Rulings on keeping sufficient records)
- Audit settlement
- Voluntary disclosure
• Rights and responsibilities of IRBM and taxpayer
• Confidentiality of information
• Offences and penalties under ITA
• Complaints and payment procedures
• Research studies on
- finalized tax audit cases by IRBM
- tax evasion amongst SMEs in Malaysia
- factors affecting tax evasion in Malaysia

Day 2: Tax audit and Issues Arising (continued)

• Tax audit case studies

Module 2: Appeal procedures
• Public ruling 12/2017: Appeal against an Assessment and Application of Relief
• Right to appeal and time for appeal
• Appeal procedure using Form Q
• Late appeal procedure using Form N
• Review of assessment and disposal of appeal at IRBM level
• Review of assessment through application for relief
• Application of relief procedure
• Comparison between an appeal and an application for relief

[F] SPEAKER

Dr Yee Hun Leek
Certified HRDF Trainer
BSc (Econ) Hons (London), MSc (UoG), PhD (Curtin), CA (M),
FCCA (U.K), ACPA, CTP, CP (Consulting) AIMUK, PHF

Dr. Yee is an Adjunct Associate Professor, Faculty of Business, Economics & Accounting of a private university in Malaysia. Dr. Yee is an approved auditor and tax agent licensed by the Ministry of Finance; and a SSM Certified Trainer for MBRS. He has over 25 years of experience, including at KPMG Malaysia, in audit, tax, accounting, company secretarial and consultancy services. He has conducted GST / SST, auditing standards, accounting and tax related trainings for the Malaysian Institute of Accountants (MIA), the Malaysian Institute of Chartered Secretaries and Administrators (MAICSA), CCH / Wolters Kwuler (Malaysia), CPA Australia, universities and other training providers.
Dr. Yee is a Technical Consultant of a leading Cloud Accounting Software Provider which incorporated the application of Robotic Process Automation (RPA), Machine Learning (ML) and Artificial Intelligence (AI) in finance. He is currently involved in a project with a software developer utilizing RPA, ML and AI for MBRS conversion.
Dr. Yee holds a Bachelor of Science in Economics, majoring in Management Studies from the University of London; a Master of Science in Accounting & Finance from the University of Gloucestershire (U.K.); and a PhD in Accounting & Finance from Curtin University, Australia. He is a fellow member of The Association of Chartered Certified Accountants (U.K.), an ASEAN Chartered Professional Accountant, a Chartered Accountant of the Malaysian Institute of Accountant, and an associate member of the Chartered Tax Institute of Malaysia.

[G] REGISTRATION & ENQUIRY

Email: SSTcourse@gmail.com
Enquiry:
General (03 - 5888 7357)
Teo (011 - 3178 9203)
Logesh (012 - 503 0346)
Siti (012 - 383 8603)
Han (019 - 323 0507)