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Second-guessing the taxman is bad

There is a distinct difference between tax evasion and tax avoidance. Tax evasion is a crime, while tax avoidance is legally right as long as it is in accordance with the law.

Sabah IRB aims to collect RM400mil

KOTA KINABALU: The Sabah Inland Revenue Board (IRB) targets to collect RM400mil in taxes under the special voluntary disclosure programme.

Director Datuk Hajam Lajah Alam said as of Feb 8, some 600 taxpayers have come forward, with the collection exceeding RM50mil.

Slower earnings growth seen for F&N on sugar tax

PETALING JAYA: The market is bracing for a potential slowdown in earnings growth at Fraser & Neave Holdings Bhd (F&N) with the implementation of the sugar tax effective April 1.

Kenanga Research said the implementation of the sugar tax would not be “overly” detrimental to demand and that the new product range could work favourably as a means to improve market share

What is real property gains tax?

REAL property gains tax (RPGT) is a tax charged on gains arising from the disposal or sale of real property or shares in a real property company (RPC).

Contact IRB for clarification on voluntary disclosure, taxpayers told

PUTRAJAYA: Tax payers who receive letters or email from the Inland Revenue Board of Malaysia (IRB) in relation to the Special Voluntary Disclosure Programme need not worry but instead contact the revenue collection department to seek further clarification.