KUALA LUMPUR: Taxes collected by the Inland Revenue Board (IRB) will not be used for investments as claimed by certain groups under a proposed law amendment, said the Finance Ministry.
The ministry said the proposed legislation, the Inland Revenue Board of Malaysia (Amendment) Bill 2014, would not change the main function of IRB as an agent that collected direct tax.
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!