KUALA LUMPUR: The Inland Revenue Board (IRB) has raised RM4.4 billion in additional tax assessments as of June 30, said its chief executive officer Datuk Dr Abu Tariq Jamaluddin.
He said this reflects IRB's commitment to protecting the country's revenue and strengthening the integrity of the taxation system.
"The IRB focuses on implementing strategic risk-based audit and compliance activities to detect and address significant cases of non-compliance, including tax evasion and aggressive tax planning.
"This approach is important to ensure that the fairness of the tax system is maintained and every taxpayer fulfils his responsibilities fairly," he said at the 26th National Taxation Conference’s opening ceremony here today.
He also said that the use of artificial intelligence (AI) has empowered the IRB's decision-making process and strengthened risk management through more sophisticated data analysis.
"AI has empowered the IRB's data analytics capabilities by enabling the processing, scrutiny and analysis of more than 1.6 billion e-Invoices received to date.
"This capability allows transaction patterns to be identified quickly and accurately, thus increasing the effectiveness of compliance risk detection, strengthening the integrity of tax data and supporting a more data-based decision-making process," he said.
Finance Minister II Datuk Seri Amir Hamzah Azizan officiated at the event. - Bernama
