Tax Audit and Investigation

(Pre-audit action)

Being prepared is key. Before a case is selected for tax audit, we conduct a company or individual tax health check by ascertaining potential material tax issues, assessing the extent of tax risks, identifying remedial actions and defence approaches, seeking technical clarification from the tax policy department and engaging with the IRBM for reduced penalty under the voluntary disclosure avenue.

We take your team through a personalised session to understand the steps in maintaining proper documentation, and the do’s and don’ts of tax audit and investigation. For individual tax audits, we carry out a professional evaluation to analyse the client’s strengths and weaknesses of personal capital and expenditure statement and subsequently, identify the necessary remedial actions.

(Tax audit and tax investigation management)

Being responsive is key. Once a case is selected for tax audit or tax investigation, we can assist to prepare and guide you through the tax audit or tax investigation process, review and assess the IRBM’s findings, evaluate the strength of your positions and explore your options, formulate an appropriate response to the IRBM and engage an appropriate response to the IRBM.

(Appeal)

Being proactive is key. Deloitte has a dedicated tax dispute resolution team, ready to assist you and to journey with you. Our team is comprised of experienced tax consultants with legal backgrounds, ensuring you have the best of both worlds! Even if a resolution cannot be agreed upon at the tax audit or tax investigation stage, a decision was made to escalate the case to the next level, where we can assist to prepare the Form Q, formulate the next resolution approach and to manage the case with a view to reach an amicable resolution before hearing.

(Post audit / investigation)

Being attentive is key. Though the tax audit and investigation has been completed, it does not end here. We will proceed with carrying out a post-mortem to gather and evaluate critical feedback from the investigation. We will also start to plan for the way forward, analysing every aspect of the investigation to formulate appropriate, corrective actions for you.