Tax

Recognition

 

Our tax group has been recognised as a leader in tax practice by major publications such as Asia Pacific Legal 500, AsiaLaw Profiles (highly recommended in 2014 – 2018), Tax Directors Handbook and Chambers Asia Pacific (well ranked in 2015 – 2018).

 

Services

 

Our tax practice meets the demand for specialist and comprehensive tax advice and representation. We have a dedicated team of tax lawyers who handle both advisory and contentious tax work.

 

Specific areas on which we often advise are:

 

Investigations and Audits

 

In the event of an investigation or tax audit, we hold our client’s hand and ensure that the right steps are taken. Our knowledge of tax law and experience in tax litigation can help resolve disputes or achieve a workable solution thereby avoiding the need to go to court.

 

Tax litigation

 

This is one of the fastest growing areas in our tax practice. The head of the tax practice group, Vijey Mohana Krishnan, appears regularly before the Special Commissioners of Income Tax, the High Court and the Court of Appeal. Our success on issues has prompted legislative changes to the Income Tax Act, 1967. We have tax litigation experience in all forms of taxation law.

 

Pre-Tax Filing opinions

 

With an increasingly aggressive tax administration, the filing of income tax returns can now be a major and complex exercise. Any errors in tax returns can attract penalties that can go up to 300% or even attract criminal prosecution. We regularly support taxpayers in rendering opinions on positions to be taken for tax filing purposes. The courts have held that seeking legal advice before adopting a tax position is a mitigating factor in the imposition of penalties.

 

Goods and Services Tax

 

The introduction of GST in 2015 has made the Malaysian tax compliance landscape more complex. We provide advisory work on GST as well as legal representation to the Goods and Services Tax Appeal Tribunal and the courts on contentious matters.

 

Pre-transaction tax sensitivity analyses and reports

 

In most cases, tax issues need to be identified and resolved early. We are able to render pre-transaction advice to mitigate future tax risks. Where necessary, we will work with other professionals including tax consultants to prepare reports and opinions to facilitate a stand being taken on tax positions.

 

Tax issues in M&A transactions

 

Complex tax issues often arise in M&A transactions. Working with other colleagues in the firm, we help clients deal with them prior to the closing of the transaction.

 

Tax incentives

 

Clients can rely on our knowledge of the labyrinth of available tax incentives. In addition to standard incentives, for larger investments, we have experience in assisting in making applications for tailor-made incentive packages and negotiations with government authorities, having handled such applications for some of the largest investors in Malaysia.

 

Tax issues in corporate finance instruments

 

The tax implications of ever evolving corporate finance instruments are increasingly complex. We can help simplify complicated tax problems and give clients clear solutions.

 

Cross border tax issues

 

With our knowledge of double tax treaties, we work with foreign experts to provide advice on complex cross border issues.

 

Transfer Pricing

 

Together with financial consultants, we review transfer pricing positions and provide advice on positions and steps that need to be taken to ensure that clients are fully prepared for any potential dispute with the tax authorities.

 

Clients

 

We have provided tax advice to clients from a wide range of industries including banking, insurance, manufacturing, trading, shipping, aviation, construction, property development, hospitality, engineering, plantation, brewery, tobacco, oil & gas, ICT, automotive, highway concession and healthcare as well as to high net-worth individuals. From this, we are able to say with confidence that we understand the specific tax issues faced by clients in each industry.

Contact

Partner – Tax

mkvijey@rdl.com.my

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