Tax Audit & Enforcement |
Related Topics: | Tax Adv | NewsFlash | Income Tax | Sales Tax | Service Tax | RPG Tax | Tax Admin | Tax Planning |Penalty & Offences| Custom Duty | |
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Starting from year 2000, IRB has made substantial
changes in the tax administration systems. The
IRB officers are no longer required to assess how much tax are payable by companies.
Instead, they are spending more time to carry out field audits with the objective of
ensuring companies are up to-date with their tax knowledge, discovering of irregularities
in reporting, investigations and deterring companies from non-compliance of tax
requirements. |
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Who is most likely to be audited? I have just received a notice of audit. What am I supposed to do? When should I engage a tax expert? What is the statue of limitations for taxes? How long should accounting records be kept for tax purposes? |
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