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Monday, October 21, 2019

Tag: income tax

Oct 24 fixed for case management of suit against Najib’s son...

The Inland Revenue Board is seeking RM37.6 million in unpaid taxes from 2011 to 2017.

Why is money from my hubby taxable, asks Najib’s daughter

Nooryana Najwa accuses the government of blatantly abusing the law by targeting her family members.

Taxman sues Najib’s daughter for RM10.3mil arrears

Inland Revenue Board claims that she did not file her tax returns between 2011 and 2017.

Taxman to hunt down evaders after Sept 30

Finance Minister Lim Guan Eng says the voluntary disclosure programme is not likely to be extended, and Inland Revenue Board chief says 'big data' will be used to go after tax evaders.

Najib may lose MP seat over tax arrears case, says lawyer

Najib Razak has been told by the Inland Revenue Board to settle the tax arrears before challenging it in court.

John McAfee: Cryptocurrency is next Cuban revolution

John McAfee believes he is one of the few people who can help Cuba launch a cryptocurrency that can assist in circumventing the US trade embargo.

Come and see us, taxman tells actress Diana Danielle

Inland Revenue responds to artiste's outburst about being blacklisted despite being owed RM100,000 in refunds.

RM7.9 billion in tax refunds paid out, says Guan Eng

The finance minister says the amount paid comes from the one-off special dividend given by Petronas.

Jangan bimbang, kami percaya, LHDN beritahu pembayar cukai pengakuan sukarela

CEO Lembaga Hasil Dalam Negeri berkata pembayar cukai perlu percaya pada sistem cukai dan menerima tawaran Program Khas Pengakuan Sukarela (PKPS).

We believe you, LHDN boss tells taxpayers taking up disclosure programme

Internal Revenue Board CEO says taxpayers need to put their trust in the tax system and take up the offer under the Special Voluntary Disclosure Programme.

Government to pay RM37 billion in GST, income tax refunds

But Finance Minister Lim Guan Eng says the refunds will not be made in one go.

Sort out PTPTN mess, urges PH backbencher

Pasir Gudang MP Hassan Abdul Karim says he does not want to be part of a government that lies to the people.

Pakatan MP questions need to use Petronas reserves for special dividend

Wong Chen warns that using RM54 billion from Petronas’ reserves can leave country with no financial ammunition when the crisis stemming from the US-China trade war hits Malaysia.

No, rich with small-capacity cars won’t get fuel subsidy, says Guan...

Finance minister says the fuel subsidy mechanism, originally targeted at B40 low-income earners, may also be extended to help the M40 group.

Don’t impose full tax on those who work past retirement age,...

The Malaysian Employers Federation says a 'preferential tax' should be imposed instead, following the government's economic outlook report which estimates 2.4 million people above 65 by 2020.

Lawyer: Shafee could be scrutinised by tax people over RM9.5 million

S Saravana Kumar questions whether Muhammad Shafee Abdullah submitted the money as part of his income tax, and whether the submission was made in the correct year of assessment.

Lim: Cops took my statement on RM16 bil income tax refund...

This follows police report on the matter.

IRB: RM2.6 bil received by Najib now subject to further examination

It says this is in light of new disclosures by MACC chief Shukri Abdull and ongoing investigations pertaining to all issues related to 1MDB.

Income tax dept told to go after Jho Low

Finance minister wants the Inland Revenue Board to investigate Jho Low and his family in relation to any returns or anything received in the 1MDB scandal.

Mahathir: Certain businessmen, individuals forced to pay extra tax

He says this was done by the previous government and he would try to retrieve the money but needed more information from victims.

Vida ordered to settle RM4.6 mil tax dues before May 21

Counsel for the cosmetics millionaire says the amount will be paid within the stipulated period.

Fewer people paying tax than ever before, says tax consultant

She says in the last 10 years, among the 11 tax bands, there has been a reduction of 1-5% in every single band.

Johari: IRB doesn’t tax based on ‘perceived wealth’

Second finance minister says there are no records that Jho Low and Reza Aziz have income derived from Malaysia in recent years.

Johari: Jho Low, Riza Aziz never declared income in Malaysia

Second Finance Minister Johari Abdul Ghani says the names of the financier and the prime minister’s stepson are not on any income tax files.