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Thursday, October 17, 2019

Tag: Inland Revenue Board

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.

Inland Revenue Board: ‘Dana 7 Amanah LHDN’ has nothing to do...

It says tax exemption has not been given to Yayasan Amal Maaruf Malaysia.

MCA tells Guan Eng: Don’t take credit for higher tax collection

The party's president, Wee Ka Siong says the tax payable in 2018 is from the previous year's income when Barisan Nasional was in power.

Guan Eng says more tax collected last year due to PH...

The finance minister attributes this to effective tax-related strategies by Putrajaya.

Show off and we’ll show up, says taxman

The Inland Revenue Board warns taxpayers that it is keeping tabs on display of unexplained wealth on social media.

LHDN eager to identify timber firms involved in illegal logging

Its head, Sabin Samitah, says the board is monitoring news reports closely to achieve its RM4.3 billion target for revenue collection from the state for 2018.

Irwan Serigar resigns as LHDN chairman

The post will be assumed by the new Treasury secretary- general in accordance with the Malaysia Act 1995.

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.

Tax dept slaps RM96m bill, including fines, on Aeon Credit

Aeon Credit files report with Bursa Malaysia on notices from IRB, saying it will challenge the demand for unpaid tax and penalties for the past 7 years.

Not true, says Inland Revenue Board of Mahathir’s claim

Inland Revenue Board chief denies raiding businesses of opposition supporters to put the squeeze on opposition funding, and explains that its assessments can be challenged in court.

Eric rejects Rafizi’s challenge to a debate on tax collections

BN strategic communications deputy director Eric See-To says debate is an attempt by the PKR vice-president to divert attention from his party's squabbles.

Customs, IRB sign SOP for joint audit programme

The programme is intended to allow the agencies to more effectively address issues of tax compliance.

Those in food business next target of taxman in ‘Op Saji’

Inland Revenue Board to conduct visits, audits and investigations on 7,829 tax payers from Aug 14 to 25.

Mansor: PKR stands with Penang govt, will not punish Norlela

Penang PKR chief says issues she had brought up on an illegal factory that led to the arrest of DAP man Phee Boon Poh were in her capacity as Penanti state assembly representative..

IRB probe on Mahathir’s family not political, says Johari

Second Finance Minister Johari Abdul Ghani also challenges those who accuse the Inland Revenue Board of selective investigation, to prove their allegations.

Subject Najib and his family to raids too, says Mahathir

Former prime minister says the anti-graft agency should also raid the office of Defence Minister Hishammuddin Hussein.

IRB apologises to ‘deceased’ taxpayer

Apology is issued after IRB sends letter to demand arrears from a taxpayer who is listed as deceased, but who is still alive.

IRB collects overs RM56 billion in taxes as of early July

RM127.7 billion target set by government achievable says Treasury secretary-general Mohd Irwan Siregar Abdullah.

Mahathir slams authorities for going after Lee Kim Yew

He says businessman Lee’s willingness to pay the company’s tax had been rejected, and that the ‘harassment’ is to prevent opposition parties from getting funding for the general election.

Arrest warrants against 2 directors for not paying employees’ taxes

The duo, who had failed to turn up in court, face the possibility of a jail term of up to six months or a maximum fine of RM20,000 if convicted.

Tycoon accuses IRB of bullying tactics

Lee Kim Yew says he has settled RM20 million in taxes since he took over as Country Heights Holdings executive chairman.

Tax authorities target tycoons and corporate leaders

At least 13 millionaires have recently been ordered to settle tax arrears, and large corporations are feeling the heat, as the Inland Revenue Board flexes its muscles.

Subra: Review income tax payment system for doctors

Health minister says LHDN and the Malaysian Medical Association must find the best solution to accusations of tax evasion.