Experts: IRB can earn more revenue through big data


The Inland Revenue Board of Malaysia's (IRB) newly-launched Monitoring Deliberate Tax Defaulters (MDTD) programme will track taxpayers identified as non-compliant.

PETALING JAYA: Big data is key to weeding out tax evasion in Malaysia, estimated at a mind-blowing RM47bil between 2015 and 2016.

Tax experts said that the Inland Revenue Board’s (IRB) adoption of big data technology was expected to improve tax compliance and generate higher tax revenue for the country.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , IRB

   

Next In Nation

Sanusi apologises to Anwar for making any inappropriate remarks
Don't make comparisons to previous govt, says Dr Wee on country's press freedom ranking
Two more cops nabbed over RM1.25mil extortion case
Number of Kota Tinggi flood victims up to 300
Issue warning, not RM250,000 fine for first-time 'no palm oil' label offences, urges Mydin boss
Anwar attends development meeting in Kedah
Pejuang to make its presence felt in Sabah polls, says Mukhriz
Perak govt mulls postponing upgrade of Teluk Intan's leaning tower to next year
Foreign media reports on fuel price hike not true, Cabinet yet to discuss, says Fahmi
More racial interaction needed to stamp out extremist views, says Umno VP

Others Also Read