Tag: income tax
Inland Revenue responds to artiste's outburst about being blacklisted despite being owed RM100,000 in refunds.
The finance minister says the amount paid comes from the one-off special dividend given by Petronas.
CEO Lembaga Hasil Dalam Negeri berkata pembayar cukai perlu percaya pada sistem cukai dan menerima tawaran Program Khas Pengakuan Sukarela (PKPS).
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.
But Finance Minister Lim Guan Eng says the refunds will not be made in one go.
Pasir Gudang MP Hassan Abdul Karim says he does not want to be part of a government that lies to the people.
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.
Finance minister says the fuel subsidy mechanism, originally targeted at B40 low-income earners, may also be extended to help the M40 group.
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.
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.
This follows police report on the matter.
It says this is in light of new disclosures by MACC chief Shukri Abdull and ongoing investigations pertaining to all issues related to 1MDB.
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.
He says this was done by the previous government and he would try to retrieve the money but needed more information from victims.
Counsel for the cosmetics millionaire says the amount will be paid within the stipulated period.
She says in the last 10 years, among the 11 tax bands, there has been a reduction of 1-5% in every single band.
Second finance minister says there are no records that Jho Low and Reza Aziz have income derived from Malaysia in recent years.
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.
Malaysia eager to adapt tax mechanism for such new industries from advanced countries.
He says Chinese community has not only played important roles in terms of economic and business development, but has also contributed to country's struggle to obtain independence.
IRB deputy chief says recent move by government will help single individuals who earn below RM3,100 per month.
Pro-GST moves in Asia are in line with OECD prescriptions as consumption taxes are stronger in dealing with tax avoidance, the South China Morning Post reports.
The PPBM chairman says Pakatan Harapan has a Plan B and a Plan C with which to defeat the Barisan Nasional.
The Barisan Nasional strategic communications unit's deputy says making populist and selective statements is easy but the reality is much more complicated.