While tax consultants or accountants advises on tax treatments on business transactions, legal insights and reviews based on what the Courts have determined will be crucial in identifying the solutions to your concerns or issues.
The Inland Revenue Board of Malaysia (“IRB”) may issue additional tax assessments and penalties notices from time-to-time. It will be crucial to have a legal assessment on these notices as soon as possible.
When additional tax assessments and penalties are imposed by the IRB, tax payers face the predicament of paying the additional tax and penalties imposed first. Thereafter, an appeal to the Special Commissioners for Income Tax is necessary to determine the validity of such additional tax assessments or penalties.