Frequently Asked Qquestions about Special Program for Voluntary Disclosure (4) Audit / Investigation


1. Am I subject to audit after making voluntary disclosure under this Special Program for Voluntary Disclosure?


IRBM will accept in good faith all voluntary disclosures made during the Special Program for Voluntary Disclosure period. Further review will not be made on the reported information and the audit action will not be taken on the year of assessment where voluntary disclosure has been made.


2. If I have made voluntary disclosure on certain issues, will I be audited on those issues?


(1)  If audit has commenced, audit examination may be carried out on the taxpayer if the voluntary disclosed information is not in line with the issues under audit.


(2)  If audit has yet to commence, voluntary disclosure will be accepted in good faith.


3. I have received an Audit Commencement Letter from the IRBM and wish to make voluntary disclosure.

Will the IRBM continue its audit examination on my business?


An audit examination may be carried out on the taxpayer if the voluntary disclosed information is not in line with the audit issue.


4. I have made voluntary disclosure to the IRBM. If the IRBM subsequently receives information from third parties or complaints, will there be an audit?


IRBM will accept in good faith all voluntary disclosures made during the Special Program for Voluntary Disclosure period. Further review will not be made on the reported information and audit action will not be taken onthe year of assessment where voluntary disclosure has been made.

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