Tax authorities planning to prevent fraud by charitable organisations

Deloitte is one of the big four international accounting companies. The firm acted as auditor for the units, Bandar Malaysia and 1MDB Real Estate, for the financial years 2015 and 2016.

KUALA LUMPUR: Malaysia’s tax authorities are looking at ways to ensure that the issuance of tax-exempt receipts by charitable organisations is not abused.

Deloitte Malaysia head of financial services, Chee Pei Pei, said this was because some organisations which do not have the necessary approvals have been found to be issuing false tax-exempt receipts to its donors.