PETALING JAYA: The Inland Revenue Board (LHDN) will no longer have to inform taxpayers when requesting their bank account details from banks for review or investigation, according to proposed amendments to Section 106A of the Income Tax Act.
Tax expert Koong Lin Loong told Sin Chew Daily that previously, taxpayers had to sign a consent form before banks could furnish bank account information to authorities.
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!
