Tax audits and investigations require not only the application of accounting and taxation knowledge of different business environments but also extensive use of interviewing and negotiating techniques.

CCH Executive Events presents a one-day workshop that will highlight the strategies and appropriate measures to be taken during and after a tax audit and investigation. In addition, the salient features of advance ruling and the public ruling on entertainment expenses introduced by IRB will also be discussed.

Programme Outline

Tax Audit Framework

The objectives of tax audit

Types of tax audit

Desk audit

Field audit

IRB’s tax audit protocol

Provision of Reasonable Facilities - PR 7/200

Tax audit trigger points

Keeping of records – PR 4-6/2000

How long do you keep your records?

Preparing for tax audit

Defending your position in a tax audit

Your rights and responsibilities as a taxpayer

Negotiation – approaches and defenses

Settlement

To appeal or not to appeal

Powers of the DGIR

Rights of the taxpayer

Penalty rates

Are you ready for a tax audit?

Tax Investigation Framework

Tax investigation – the concept

Risk factors in investigations

Tax investigation triggers points

The IRB information sources

Investigation focus areas in accounts

Negotiation

To appeal or not to appeal

Powers of the DGIR

Right of the taxpayer

Penalty rates

Getting prepared for an investigation

Public Ruling 3/2008 (Entertainment Expense)

100% deductible entertainment expense

50% deductible entertainment expense

Non-deductible entertainment expense

Special allowable entertainment expense

Advance Tax Ruling

Application process

Who can apply?

When can we apply?

Application fee payable

Scope of advance ruling

Benefits of Attending

Clarify uncertainties and best practices of the IRB

Get insight into practical implications of IRB rulings and framework

Learn to deal with a tax audit and investigation

Discuss the advance ruling and public ruling on entertainment expenses

Who Should Attend

CFOs / Financial Controllers / Finance Directors

Regional Tax Managers / Consultants

Finance Managers / Executives

Accountants

Auditors

Compliance Officers

Business Advisers

Workshop Leader

CHOW CHEE YEN

Executive Director, Advent Tax Consultant Sdn Bhd

Chee Yen is a Fellow Member of The Association of Chartered Certified Accountants (FCCA), a Member of CPA Australia, a Fellow Member of the Malaysian Institute of Taxation (FTII) and a Chartered Accountant of the Malaysian Institute of Accountants (CA). He is also a graduate of the Malaysian Institute of Certified Public Accountants (MICPA) Examinations and successfully completed the Certified Financial Planner (CFP) conversion programme. He is currently the Executive Director of Advent Tax Consultants Sdn Bhd and was an Associate Director of an international firm. In addition, he was also attached with PricewaterhouseCoopers and Arthur Andersen Kuala Lumpur, specialising in corporate taxation. He has more than 18 years of tax experience and was involved in tax engagements concerning cross border transactions, tax due diligence review, restructuring schemes, corporate tax planning, group tax review and inbound investments. Chee Yen’s expertise is in high demand and he is a prolific trainer/facilitator for tax workshops and seminars organized by MIA, CTIM, ACCA, CPA Australia, MICPA and the STAR newspaper and in-house training for both professional firms and corporations. He is also a regular speaker in conferences organised in Hong Kong and Singapore.