gms-dec17-new-requirements-for-tax-audits-of-individual | KPMG | ID

New Requirements for Tax Audits of Individuals as the Tax Office Gears Up Pressure on Tax Compliance

New Requirements for Tax Audits of Individuals

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Our December 2017 Bulletin contains a summary of tax regulations in relation to:

  1. The supervision of all taxpayers’ compliance after Tax Amnesty; and
  1. The imposition of income tax on the value of unreported assets.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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