PwC Free Tax Seminar on Familiarise yourself with the Risk-Based Audit System

Overview

Recently, the Thai government has implemented new tax audit procedures to increase the efficiency of its tax collecting departments. As part of the tax audit reform, the Revenue Department is introducing the Risk-Based Audit System (RBA), a computerised system that will analyse taxpayers’ tax risks based on predetermined criteria. Taxpayers falling within any one of these criteria will be an audit target for the Revenue Department. By doing this, the Revenue Department hopes it can better focus its resources on the right targets.

The RBA will not only identify audit targets but also allocate audit cases to be undertaken by its tax audit teams based on case priority (e.g. high risk cases) and resource availability.

Given the above revamps, the tax audit environment is expected to be more unrelenting than ever. Taxpayers are thus encouraged to familiarise themselves with these changes and consider how to prepare for the impacts of tax audit reform which will be covered in this session.

This seminar will cover:

• Risk Based Audit System (RBA)
• Latest tax audit trends and interesting tax audit cases
• What does this mean for taxpayers and how should you prepare?