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Special Dialogue with Karen Koh, Director of Large Taxpayer Branch, Inland Revenue Board (IRB)

Dear client and business associates,

On 21 August 2018, we had the utmost pleasure to invite Ms Karen Koh, the Director of Large Taxpayer Branch, IRB for a panel dialogue with Mr Soh Lian Seng, KPMG Executive Director of Tax Risk Management at the recent KPMG Tax seminar on the topic “Tax Audit and Tax Investigation: Future Direction?”. 

During the lively dialogue, Ms Koh shared that the incumbent Malaysian Government needs taxpayers to duly pay their taxes in order for the Government to have sufficient contributions to carry out country growth and development agenda with reference to what Mr Lim Guan Eng, Minister of Finance, has told the press.

Ms Koh commented that IRB adopts the self-assessment system with the belief that taxpayers are able to self-comply with statutory tax obligations. However, the number of taxpayers paying taxes are worryingly low with only 16.27% of CCM-registered companies and 15.24% of registered individuals under the self-assessment system. The growth of the country is hindered by tax dodgers. In an effort to close the gap, tax audits and tax investigations are carried out diligently by the IRB.

With IRB’s technology today, IRB is able to garner influx of information about taxpayers. Therefore, taxpayers are urged to be transparent and come forward voluntarily to IRB when discovered to be non-compliant in the process of self-assessment.

Ms Koh added that the IRB would use soft approaches, i.e. discussions, to resolve any disputes with taxpayers. Where the taxpayers are found non-compliant, radical approaches and comprehensive audits will be taken.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.