KUALA LUMPUR: The High Court has fixed Oct 31 to deliver its decision in an attempt by Toh Puan Na'imah Abdul Khalid to intervene in an application by the public prosecutor involving offshore assets in the British Crown dependency of Jersey. Justice Muhammad Jamil Hussin fixed the date for the hearing as well as to deliver...
KUALA LUMPUR: The Inland Revenue Board (LHDN) has launched a 10-day tax compliance operation codenamed "Ops Titan" to strengthen enforcement against tax non-compliance. In a statement on Monday (Aug 11), LHDN said Ops Titan was launched following the emergence of certain parties using aggressive tax planning to evade taxes in terms of transactions between related groups...
KUALA LUMPUR: There are no plans to implement a single tax agency by corporatising and merging the Royal Malaysian Customs Department and the Inland Revenue Board (LHDN), says Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also Finance Minister, said the government remains committed to improving governance in the national taxation system to be more...
PETALING JAYA: The requirement for all employment contracts to be stamped by the Inland Revenue Board (LHDN) could impose significant financial and administrative burden, especially on small and medium enterprises (SMEs), say industry players. They said companies with high staff turnover would also be affected. Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai said...
With technology at our fingertips, not every message is as innocent as it seems. Imagine receiving a text message that claims you owe back taxes and are going to be black listed! Could these alarming messages really be a new tactic used by scammers to prey on unsuspecting people? Verdict: TRUE The Inland Revenue Board of Malaysia (LHDN) has alerted...
PETALING JAYA: Individual taxpayers need to submit their income tax returns via e-filing beginning from the assessment year 2024, says the Inland Revenue Board of Malaysia (IRB). It said this also applies to those in the categories of partnerships, Hindu joint families, associations and deceased persons' estates. "Consequently, IRB will no longer accept submissions manually or via...
IN TODAY'S digital world, receiving unexpected messages from high-profile individuals may seem intriguing, but caution is advised. Recently, messages have surfaced on WhatsApp, allegedly from the Chief Executive Officer of the Inland Revenue Board (LHDN). Is it true that someone is impersonating the LHDN's CEO to spread misinformation? Verdict: TRUE LHDN has clarified that it has never issued any statement...
PETALING JAYA: A total of 60 audits have been conducted on Global Ikhwan Services and Business Holdings (GISB) as well as related entities in previous assessment years, says the Inland Revenue Board (LHDN). It added in a statement on Monday (Sept 30) that it has issued fines to GISB for failing to pay taxes. "The compound and...
KUALA LUMPUR: The Government, through the Inland Revenue Board (LHDN), prioritises safeguarding the security of data within the MyInvois System while ensuring that implementation objectives are met comprehensively, says Datuk Seri Amir Hamzah Azizan. The Finance Minister II said the security of MyInvois is maintained through compliance with the LHDN's information and communication technology (ICT) security...
CYBERJAYA: Tax evaders wishing to wipe the slate clean with the Inland Revenue Board (LHDN) have until the end of this month to do so, says Datuk Abu Tariq Jamaluddin. This is because the deadline for those seeking a fresh start under the Special Voluntary Disclosure Programme 2.0 (SVDP) ends this May 31, after which they...
