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.