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Thursday April 26, 2012 MYT 12:00:00 AM
Sunday May 26, 2013 MYT 4:31:07 AM
by joseph sipalan
PUTRAJAYA: e-Filing looks to be a definite winner among Malaysians well over half of the country's estimated 2.5 million tax-paying citizens have gone the paperless route.
Inland Revenue Board (IRB) figures showed that as at yesterday, 1,621,647 Malaysians had filed their taxes, with online filings accounting for nearly 75% of the total.
Online transmissions made up a total of 1,215,595 filings under nine different tax categories, compared with just 406,052 filings done manually under 14 categories.
IRB corporate communications director Noor Azirah Mohd Said said e-BE forms transmitted online made up the bulk of the figure, contributing a total of 1,023,890 filings.
Conversely, only 107,712 people filed their BE forms the conventional way by manually filling out and submitting their forms to the nearest IRB office.
Noor Azirah said the Finance Ministry was expecting to collect RM109bil in tax revenue this year, a nearly 20% hike from the 2011 target of RM91bil.
The current number of Malaysians who have already filed their taxes to date, however, is almost 10% below the country's average tax compliance rate, at a little under 65%.
“The average tax compliance rate in Malaysia is about 74%. This is normal in most tax administrations around the world, even in developed nations,” Noor Azirah said.
There is still time for Malaysians to file their taxes, at least online, with the deadline for e-Filing having been extended to May 15 this year.
Those who wish to do manual filing, however, have little time left, with the deadline still set for April 30.
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