LHDN to have access to taxpayers’ bank details under new amendment

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.