MOF also reviewing if amount is sufficient, increases to be made as needed, says PM

Company failed to declare up to RM70m in actual income from sales transactions

Anwar touts efforts as the most effective, successful in nation's history

Companies can now revise tax estimates in 11th month instead of doing so on 6th, 9th or both months, says Lim

Measures to reduce deficit, new borrowings, lower nation's dependence on debt will continue, says deputy minister

High Court agrees with subsidiary company that LHDN had no legal basis to issue notices

KUALA LUMPUR, July 24 — Prime Minister Datuk Seri Anwar Ibrahim and the government have succeeded in removing their names from a judicial review application filed by Datuk Seri Mukhriz Mahathir.

PUTRAJAYA, July 2 — The Federal Court today allowed the Inland Revenue Board of Malaysia’s (LHDN) appeal concerning the notice of additional tax assessment issued to Tenaga Nasional Berhad (TNB) for the year of assessment 2018.

PUTRAJAYA, June 30 — The Inland Revenue Board (LHDN) will no longer accept the two per cent tax deduction involving deceased agents, dealers, or distributors (Resident Individuals) (EPP), effective August 1.

KUALA LUMPUR, June 19 — Authorities have raided 57 illegal e-waste processing premises across the country under the integrated Op Hazard 2.0, conducted from June 16 until 2pm today, with total seizures estimated at RM500 million.

GEORGE TOWN, June 8 — The government has postponed the implementation of the e-invoice system after weighing the concerns of business owners, particularly the micro, small, and medium enterprises (MSMEs), said Deputy Finance Minister Lim Hui Ying.

GEORGE TOWN, May 23 — Approximately 293 million e-invoices have been successfully issued as of this month since the system was launched in August 2024, said Deputy Finance Minister Lim Hui Ying.

KUALA LUMPUR, May 19 — The Public Accounts Committee (PAC) will conduct four follow-up proceedings starting tomorrow, including on the management of the Multi-Lane Fast Flow (MLFF) system project under the Works Ministry (KKR) and Malaysian Highway Authority (LLM), said its chairman Datuk Mas Ermieyati Samsudin.

PUTRAJAYA, May 14 — The Inland Revenue Board (LHDN) of Malaysia reminded resident individuals not carrying on a business that the e-filing deadline for the Year of Assessment 2024 (YA 2024) is tomorrow.

By Suhaila Shahrul Annuar SHAH ALAM, March 20 — State subsidiary KDEB Waste Management (KDEBWM) allocates approximately RM1 million annually for its corporate social responsibility (CSR) programmes. [caption id="attachment_394152" align="alignleft" width="411"] KDEB Waste Management senior...

CYBERJAYA, March 10 — Prime Minister Datuk Seri Anwar Ibrahim has expressed optimism over the Inland Revenue Board’s (LHDN) performance, commending its achievements and the implementation of new systems that have boosted efficiency.

PUTRAJAYA, Nov 4 — The Inland Revenue Board (LHDN) has reiterated that it has never sent links to taxpayers concerning refund statuses through the MyTax portal.

PUTRAJAYA, Oct 18 — The Inland Revenue Board of Malaysia (IRB) has designated October as TaxEdu Month, starting this year, with various tax awareness and education programmes nationwide.

MELAKA, Aug 10 — Deputy Finance Minister Lim Hui Ying has urged the 1,500 companies that have not yet submitted any invoices through the Inland Revenue Board’s (IRB) MyInvois e-invoicing system to do so promptly before the full implementation begins in January next year.

KUALA LUMPUR, March 20 — The Inland Revenue Board (LHDN) has approved a total of 72,534 cases of voluntary tax declarations with assessments worth RM652.5 million reported, of which RM284 million had been successfully collected as of February 29, 2024.