Business News

Published: Tuesday June 25, 2013 MYT 12:00:00 AM
Updated: Tuesday June 25, 2013 MYT 9:49:24 AM

IRB on track to collect RM130bil

KUALA LUMPUR: The Inland Revenue Board (IRB) is on track to achieve its target of RM130bil in tax collection this year due to the country’s political stability and robust domestic growth.

IRB chief executive officer Tan Sri Dr Mohd Shukor Mahfar attributed the growth to initiatives under the Economic Transformation Programme as well 1Malaysia People’s Aid (BR1M), which has given people extra purchasing power.

“Last year’s strong GDP (gross domestic product) growth has a positive effect to the country’s economy, as reflected in the current good business environment,” he said after the National Tax Conference 2013.

In 2010, the IRB collected RM86.47bil in taxes, RM109.68bil in 2011 and RM124.87bil last year.

Mohd Shukor said its effort to rebrand the Taxpayer Service Month to HASiL4U, where taxpayers are served throughout the year instead of the previous practice from March to June, had also helped in the efforts to achieve the targeted RM130bil.

Tags / Keywords: Business, Business News

advertisement

  1. Property transactions dip, but house prices continue to rise
  2. 1MDB's annual land assessments set a precedent
  3. 1MDB and US firm in solar tie-up
  4. Liew's 2.76% stake in S P Setia traded off-market at RM3.95 per share
  5. Bulk of 1MDB loans guaranteed by Govt
  6. Daya Materials, Italy's Cimolai in mobile straddle transporter
  7. M'sian property market falls 10.9% in volume, rises 6.7% in value
  8. Auditors highlight several critical areas in 1MDB's books
  9. Malaysian billionaire Quek to take slice of Alam Maritim?
  10. Saving in fixed deposits is so safe that it’s risky!

advertisement

advertisement