IRB recovers RM4.47bil from 1.8 million audited cases in 2014

Long queues are formed at the Inland Revenue Board in Kuching yesterday as city dwellers rushed to declare their income. The deadline for individuals to submit their tax returns is April 30 while businesses have until June 30 to do so. The public is encouraged to declare their income through e-filing at the IRB's customer service counters or through the Internet at home. - ZULAZHAR SHEBLEE / THE STAR

KUALA LUMPUR: The Inland Revenue Board (IRB) has recovered RM4.47bil in taxes and penalties from 1.8 million of audited cases for 2014.

Deputy chief executive officer (taxation operations) Datuk Sabin Samitah said for 2013 and 2012, it had managed to regain RM5.05bil of 1.7 million cases and RM3.30bil from 1.9 million cases, respectively.

“If we found irregularities in information that have been declared by tax payers, either companies or individuals, we would audit them to ensure that the amount they have paid was what they owed us,” he told reporters after launching the national-level Kunjungan Mesra Hasil programme in Kuala Lumpur on Wednesday.

Sabin said overall, IRB was satisfied with the tax-compliant level among tax payers, which was on the increase.

On 2016’s target, he said, IRB’s collection would be affected if the global oil price continued its downtrend.

“We hope to get RM124bil in gross tax collection for 2016,” said Sabin.

On the four-day programme that ends on Thursday, Sabin said IRB was doing a door-to-door visit to 108 companies in the Klang Valley which were being nvestigated for tax evasion.

“They have failed to submit their income tax returns for 2012, 2013 and 2014,” he said.

Based on IRB’s records, there were between 25% and 30% of companies in the country which had failed to submit their income tax returns from 2012 to 2015, Sabin added. - Bernama