by chakwei | Jun 12, 2023 | News
IN A recent interview, Inland Revenue Board (IRB) CEO Datuk Mohd Nizom Sairi stated: “We are stating to them (non-compliant taxpayers) that after this, especially for those who have not been paying what is due, we will go out and enforce the full force of the law...
by chakwei | Jun 6, 2023 | News
IT IS now mandatory to have the transfer pricing documentation (TPD) to support the arm’s length pricing of transactions undertaken between associated persons of related parties before the due date of filing of the annual tax return of the affected taxpayer. Any...
by chakwei | May 29, 2023 | News
THE Inland Revenue Board (IRB) has “turned up the heat” on taxpayers who fail to file their annual tax returns. The IRB is no longer willing to wait any more and it is prepared to take such non-compliant taxpayers directly to court and charge the taxpayers, which can...
by chakwei | May 22, 2023 | News
TAXPAYERS submit voluminous information annually and upon request to the Inland Revenue Board (IRB). This is done through the filing of annual tax returns by taxpayers, employer returns (Forms E and EA), information provided at the point of deducting withholding...
by chakwei | May 8, 2023 | News
MALAYSIA practises a self-assessment system for income tax purposes – which effectively means that the taxpayer is responsible for filing tax returns which should comply with the tax laws and regulations. Generally, a taxpayer who understands the law and regulations...
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