‘Nothing is certain except death and taxes’, and while paying taxes may be a certainty, how much can be a very different story as we’ve seen just this week with the Court of Appeal ordering LHDN to refund a Penang-based manufacturer RM286 million for additional taxes and penalties imposed back in 2008.
Renganathan, executive director of TraTax, helps BFM unpack these issues and provide insights into achieving greater tax certainty, as well as provide taxpayers some guidance on how to better address all this, including the key obligations that businesses must manage, navigating the grey areas proactively, the appeals and dispute process, and tax certainty strategies and best practices.