LHDNMLembaga Hasil Dalam Negeri Malaysia
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He said LHDNM might want to have early discussions with taxpayers and tax practitioners on certain issues so that any dispute could be resolved in a timely manner without resorting to lengthy and cumbersome paper correspondences.
He said LHDNM must also adopt and adapt to new business transformations.
Lim also said LHDNM needs to work closely with international bodies in order to address international tax issues, including the digital economy, the sharing economy, newer transaction modes involving virtual currencies as well as the storing of business records and financial data in virtual data rooms.