IRB offering instalment payments for income tax arrears, real property gain tax

PUTRAJAYA: Taxpayers can now submit requests to make instalment payments for income tax arrears and real property gain tax for previous years without being having increased tax imposed, the Inland Revenue Board (IRB) said. IRB said in a statement applications can be made throughout the duration of the Special Voluntary Disclosure Programme (SVDP) 2.0, from […]

Putrajaya yet to settle promised tax refunds

KUCHING: The federal government still owes Sarawak, among others, the five percent oil and gas royalty payment along with the 38 per cent tax collected under the Petroleum (Income Tax) Act 1967 (PITA). Deputy Premier Datuk Seri Dr Sim Kui Hian said Putrajaya had also yet to repay the state the 26 per cent tax […]

Submit tax returns via e-Filing by May 15  

KUALA LUMPUR: Non-business taxpayers are reminded to submit their income tax return forms for the Assessment Year 2021 by May 15 through e-Filing. The Inland Revenue Board (IRB) in a statement today said this was to avoid any penalty for late submission of forms. The IRB informed that the deadline to submit the Tax Return […]

Najib’s son served with bankruptcy notice over RM37.6 mln unpaid income tax

KUALA LUMPUR: Former prime minister Datuk Seri Najib Tun Razak’s son, Datuk Mohd Nazifuddin has been served a bankruptcy notice failing to pay income tax amounting to RM37.6 million as ruled by the High Court in July last year. His lawyer, Wee Yeong Kang, when contacted, said the notice was served to his client on […]