Donation reporting threshold to IRB increases to RM10k


PUTRAJAYA (Bernama): Only information on donors who donated RM10,000 and above needs to be submitted to the Inland Revenue Board (IRB) under new guidelines.

The information is for the approval of the IRB director-general and comes under subsection 44(6) of the Income Tax Act 197.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Still lots of potential in Sabah's marine tourism sector, says Bangkuai
Manjung police dispose of seized items worth almost RM3mil
Unfreeze Bersatu's accounts without delay, youth wing tells MACC
Padi grading at Bernas mill follows established standards, Agri Ministry says of viral complaint
KL cops hope to use convenience store chain outlets as 'safety points' for crime prevention
Uphold Sabah's rights, reaffirm spirit of MA63, TYT says in Malaysia Day message
Putrajaya firm on expediting increase of Borneo parliamentary share, says Fahmi
Mechanic claims trial to abducting woman outside police station
Achievements of four late judges celebrated in reference proceedings
SAPP Youth urges Federal commitment for 35% Borneo States' Parliament representation

Others Also Read