Malaysia Tax Agency Issues Income Tax, Employer Audit Framework

The Malaysian Inland Revenue Board March 15 issued the income tax and employer audit framework. Topics covered include: 1) objectives, activities, and methods of tax audits, along with the procedures for implementing a tax audit; 2) time limits and coverage for different types of audits, and years of assessment for tax audits; 3) criteria and sources of information for selecting audit cases, and methods for case selection; 4) rights and responsibilities of audit officers, taxpayers, and tax agents, including rules for lodging complaints against audit officers; and 5) penalties for omissions or shortfalls in income declarations, and the procedure to ...