Navigating the complex landscape of tax compliance can be daunting. At Humanology, we take the burden off your shoulders by managing all your tax reporting and payment obligations. Our compliance services include:

• Preparation and submission of tax returns
• Ensuring timely and accurate payment of taxes
• Maintaining thorough and organised tax records
• Regular updates and advice on changes in tax legislation

Our goal is to ensure your organisation complies with all regulatory requirements, minimising the risk of penalties and fostering peace of mind.

Facing an audit or investigation by the Inland Revenue Board of Malaysia (LHDN) can be a challenging experience. Humanology’s special and issue-based services are here to support you through these critical situations. Our services include:

• Representation during tax audits and investigations
• Negotiation and settlement with tax authorities
• Preparation of documentation and responses to queries
• Post-audit follow-up and resolution

Our deep-rooted knowledge of the tax system and our team’s firsthand experience within the Inland Revenue Board empower us to defend your interests effectively and efficiently.

Strategic tax planning is essential for optimising your organisation’s financial health. Humanology offers comprehensive advisory services that encompass:

• Tax risk assessment and management
• Transfer pricing documentation and compliance
• Identification and application for tax incentives with MIDA and MIDA
• Strategic tax planning and optimisation including tax refund.

Our advisory services are designed to help you make informed decisions, mitigate risks, and maximise opportunities for tax savings.

Humanology Tax Solution proudly presents Risk Assessment, a cutting-edge tool meticulously designed by preeminent tax professionals to assess and manage the tax risk of an organization. Drawing inspiration from the techniques utilized by tax authorities for audit selection, Risk Assessment provides a robust, theory-based framework that enables businesses to proactively pinpoint potential tax risks across multiple dimensions.

Engineered to enhance organizational compliance with tax laws, Risk Assessment ensures your operations align effectively within the regulatory landscape. By identifying and addressing tax risks, Risk Assessment not only boosts compliance but also strengthens the financial integrity of your enterprise.

Key Risk Categories Identified by Risk Assessment:

• Compliance Risk: Risk Assessment diligently examines your organization for any deviations from tax regulations, helping you steer clear of expensive penalties and legal complications.
• Operational Risk: This tool scrutinizes your internal processes and practices, identifying areas that might lead to tax-related challenges.
• Financial Risk: Risk Assessment carefully reviews financial transactions and obligations that could impact your tax liability and the overall financial health of your organization.
• Strategic Risk: Risk Assessment evaluates your broader business strategies and external influences, aiding in the assessment of risks that could affect long-term tax positions and strategic planning.

Each category is meticulously designed to provide an all-encompassing view of potential vulnerabilities within your organization. These insights are instrumental in developing targeted risk management strategies that are crucial for upholding compliance and ensuring financial stability.

One of the unique features of Risk Assessment is its adoption of the same framework currently used by tax authorities for case selection. This alignment means that Risk Assessment not only prepares you for compliance but also anticipates the focus areas of upcoming audits, giving your business a strategic advantage in navigating the complexities of tax regulation with confidence and foresight.