Tag: tax refunds
The finance minister says the amount paid comes from the one-off special dividend given by Petronas.
But Finance Minister Lim Guan Eng says the refunds will not be made in one go.
The non-refund of more than RM35 billion to taxpayers is an assault on the integrity of Malaysia's financial system and needs to be strictly addressed.
A briefing on SST heard about the plight of a businessman who is still waiting for RM3.5 million in GST refunds.
The former Treasury secretary-general says officers in the Cash Flow Committee under the finance ministry should also be consulted on the matter.
Inland Revenue Board CEO Sabin Samitah says refunds for other categories of taxpayers cannot be made due to lack of funds.
Bukit Aman CCID chief Amar Singh says everyone linked to the failure to refund RM16 billion worth of taxpayers' money will be called in for questioning.
The finance minister says some of the 1,653,786 cases due to a shortage of transfers from the direct tax revenue collected to the Tax Refunds Trust Fund date as far back as six years.
DAP representative asks if the federal government is broke and, therefore, cannot refund the GST tax to the 12 local councils in Selangor.