Capital Statements: Your First Line of Defence Against LHDN

Capital Statements: Your First Line of Defence Against LHDN HRD Corp Claimable (SBL-Khas) Why Wealth Must Match Income Objective This course helps participants understand why the IRB increasingly relies on Capital Statements to detect under-declared income and how taxpayers can use a properly prepared Capital Statement to protect themselves during audits, investigations, and disputes. Participants will learn how to ensure their wealth, lifestyle, and declared income tell a consistent and defensible story. Pre-Requisites • Stable Internet Connection • Webcam and Earphones Course Content Topic 1: What is Capital Statement and Why IRB Demands It • The “Financial X-Ray” behind Lifestyle and Net-Worth Checks Topic 2: Is It Mandatory? The Legal Reality • IRB’s powers under the Income Tax Act and Practical Consequences of Non-Compliance Topic 3: How IRB uses Capital Statements in Audits & Investigations • Detecting unexplained wealth, hidden income and lifestyle mismatches Topic 4: Common Mistakes that Trigger Adjustments & Penalties • Poor records, missing loans, undocumented gifts, timing errors Topic 5: How to prepare & Use a Capital Statement Strategically • Turning it into a defensive tool for audits, negotiations and appeals When & Where 10 July 2026 (Friday) 9.00 am to 5.00 pm Remote Online Training - Zoom Who Should Attend Entrepreneurs, Business Owners, Directors, High- Net-Worth Individuals, Professionals and Self- Employed, and anyone concerned about tax audits and investigations Training Investment RM 800 per participant (inclusive of Service Tax, Online Course Materials, E- Certificate of Attendance) Group Promo: Save 15% Register min. 3 pax for RM 680 per pax (Normal Rate: RM 800) HRD Corp Claimable (SBL-Khas) Trainer's Profile Yong Mei Sim Yong Mei Sim has served over 35 years in the Inland Revenue Board of Malaysia (“IRB”) and held the last position as the Principal Assistant Director of the Penang branch, before retiring in 2016. She obtained a Bachelor of Science Degree majoring in Economics with a Second Class Upper from the University Science of Malaysia in Penang. She was later awarded the prestigious JPA scholarship to pursue and successfully completed her Master’s of Science in Taxation from the Golden Gate University in San Francisco, USA. During her tenure in office, she has been, inter alia, an audit manager in charge of the Payroll Taxes Unit, Field Audit, and Desk Audit Unit. She had actively assisted the Federal Councils of the IRB in handling tax litigation cases. Among the landmark tax litigation cases in which she was directly involved are ICTSB vs DGIR, PSSB vs DGIR, and Marigold (M) Sdn Bhd vs DGIR. With her vast knowledge and experience in the field of Malaysian taxation, she has been invited by the IRB and other professional bodies to speak extensively around the country and to share her valuable experience and expertise on income tax updates and all other relevant taxation matters. Testimonials “In short, the overall training programme is outstanding & excellent. It really helps me a lot in carry out my tasks related to tax comp/tax file. I hope I can participate in similar training again.” Mr. Lai, HR Executive Register HERE Other Programmes HERE Contact Us Carriera Academy Sdn Bhd www.carrieraacademy.com Tel: 017-3188539 (Steph) Email: trainings@carriera.com.my Carriera Academy Sdn Bhd