“In addition, the incidence of hidden, informal and hard-to-tax sectors creates an unfair advantage to those compliant taxpayers. Here, it is crucial to include the tax evaders strategically into the tax relief,” the Tax Reform Committee said.
KUALA LUMPUR: The Tax Reform Committee believes the government should enhance its efforts to strengthen further the revenue stream, cast the net wider to nab tax evaders.
“Measures to improve the existing tax system, including reviewing tax incentives, streamlining tax administration and exploring sustainable revenue sources are some of the possible options for the government, ” it said in the Fiscal Outlook 2020.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
