Tax Audit and Audit Exemption in Malaysia

In Malaysia, private companies can be exempt from audits if they meet specific criteria related to their annual revenue, total assets, and number of employees.

These criteria, revised in 2024, require companies to fulfil certain conditions to qualify for audit exemption. Additionally, dormant companies and those meeting certain threshold criteria can also be exempt.

After completing this course, participants will be able to understand and know the following:
• To provide you with a comprehensive understanding of the Malaysia’s corporate tax audit and its implications for corporate and taxpayer’s responsibilities.
• Understand the different types of tax audit
• Understand the process of audit submission, penalty and appeal
• Understand the latest audit exemption criteria, submission and responsibilities