PUTRAJAYA: The Inland Revenue Board has identified 14,858 Malaysian tax residents with a combined total of over RM10bil in undisclosed offshore financial accounts, who have not filed tax returns via the Income Tax Return Form (BNCP).
In a statement on Monday (Feb 2), the Revenue Board informed that the identification was made through the international exchange of financial account information, with the cooperation of over 100 countries, to strengthen tax compliance and tackle cross-border tax evasion.
