MACC arrest audit firm

Two senior staffs of an audit firm have been arrested for allegedly falsifying a company’s finances in a bid to cheat the taxman.

They were arrested at the Malaysian Anti-Corruption Commission (MACC) headquarters.

They were remanded to assist in the investigation under Section 16 (b)(A) of the MACC Act.

Full story in the link https://bit.ly/3fusChF.

Do you know they can be remanded under 113(1)(b) of Income Tax Act - Give any incorrect information in matters affecting the tax liability of a taxpayer or any other person?

Do you know they can be remanded under 114(1) of Income Tax Act - Wilfully and with intent to evade or assist any other person to evade tax?

Do you know they can be remanded under 114(1A) of Income Tax Act - Assist or advise (without reasonable care) others to under declare their income?

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