IRB Tax Audit Framework 2013_Tax Audit, Petroleum Tax Audit ...

More documents

Recommendations

Info

TRANSFER PRICING INLAND REVENUE BOARD AUDIT FRAMEWORK MALAYSIA Effective Date: 01 April 2013 ___________________________________________________________________ will be issued to inform that the audit has been finalized without any adjustment. 7.1.5.8 Audit cases that have been settled will be monitored through compliance reviews to ensure continued compliance with the arm's length principle. If there are new issues to be pursued or failure to comply with the arm’s length principle, the case will again be selected for audit. 7.2 Transfer Pricing Desk Audit 7.2.1 Commencement of an Audit A desk audit commences when a letter requesting for documents is issued to the taxpayer. Documents include Transfer Pricing Documentation as explained in the Transfer Pricing Guidelines 2012. 7.2.2 Generally, a desk audit involves checking information on controlled transactions, comprising of: 7.2.2.1 Reviewing the accounts and financial statement; 7.2.2.2 Analysing and reviewing the Transfer Pricing Documentation; 7.2.2.3 Analysing and reviewing non-transfer pricing issues; and 7.2.2.4 Reviewing settled audit cases to ensure compliance with audit findings, for subsequent years. 7.2.3 In certain circumstances, audit visits may be performed for verification purposes. 8 RIGHTS AND RESPONSIBILITIES 8.1 IRBM The rights and responsibilities of a transfer pricing audit officer are as listed in paragraph 8.1 of the Tax Audit Framework. 8
TRANSFER PRICING INLAND REVENUE BOARD AUDIT FRAMEWORK MALAYSIA Effective Date: 01 April 2013 ___________________________________________________________________ 8.2 Taxpayer 8.2.1 Responsibilities of a taxpayer: 8.2.1.1 Be co-operative, polite, fair, honest and with integrity, and is encouraged to be actively involved in all stages of the audit process up to settlement; 8.2.1.2 Provide reasonable facilities and assistance to enable the audit officer to carry out his duties as outlined in Public Ruling No. 7/2000 which includes the following: i. Giving access to the audit officer to the business premises, providing information and making accessible any documents and records required for examination; ii. Allowing the audit officer to interview key personnel; iii. Giving explanations regarding the business, accounting and information systems; iv. Giving permission to examine and make copies of records, documents and books of accounts whether in the physical and/or electronic medium; v. Assisting in providing access to records, documents and books of accounts in the physical and/or electronic medium; and . vi. Allowing the use of copiers, telephone, internet or other communication equipment, lighting and power, office space, furniture and providing facilities for copying of electronic records into thumb drive and external hard drive. 8.2.1.3 To co-operate in providing complete responses to all queries: i. If questions posed are ambiguous, taxpayer may seek clarification from the audit officer; ii. Taxpayer is requested to bring an interpreter during an interview or discussion if the taxpayer is not fluent 9
Page 1 and 2: 2013 TAX AUDIT FRAMEWORK INLAND REV
Page 3 and 4: TAX AUDIT FRAMEWORK INLAND REVENUE
Page 21 and 22: PETROLEUM TAX AUDIT FRAMEWORK INLAN
Page 39 and 40: TRANSFER PRICING INLAND REVENUE BOA
Page 47: TRANSFER PRICING INLAND REVENUE BOA

IRB Tax Audit Framework 2013_Tax Audit, Petroleum Tax Audit ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?