E-invoicing to help revenue collection if GST reintroduced
KUALA LUMPUR, Oct 26 — The electronic invoicing system (e-invoicing) implementation will bode well should the government opt to reinstate the Goods and Services Tax...
KBS, IRB talks on tax incentives for sports positive
KUALA LUMPUR, Sept 27 — The Youth and Sports Ministry (KBS) has reported positive developments in its discussions with the Inland Revenue Board (IRB) regarding...
IRB to adopt e-invoicing in 2024
KUALA LUMPUR, Aug 1 — The Inland Revenue Board (IRB) said it will start using e-invoices in the first half of 2024, in line with...
IRB to issue e-invoicing guidelines to companies in July
GEORGE TOWN, June 9 — The Inland Revenue Board (IRB) will issue guidelines in July in relation to e-invoicing to companies with a revenue of...
No amendment to Act, kin must pay arrears of deceased taxpayers — Deputy minister
PONTIAN, May 19 — The government does not want to amend the Income Tax Act which stipulates that the administrator or next-of-kin of a deceased...
Daily tax collection records 20 pct increase compared with last year — LHDN
CYBERJAYA, May 10 — The tax collection showed a positive trend with daily collection recording a 20 per cent increase this year compared with last...
Govt conducting engagement sessions to review taxes
PETALING JAYA, March 15 — The government is engaging all stakeholders actively and extensively in reviewing several taxes, including the excise duty on premixed beverages...
Malaysia expects to implement two-pillar taxation approach in 2024 — Minister
KUALA LUMPUR, Oct 18 — Malaysia has agreed to implement the “two-pillar approach” in taxation to create a competitive environment for both foreign and domestic...
IRB confident RM139 bln tax collection target can be achieved this year
KUALA LUMPUR, March 2 — The tax revenue collection target of RM139 billion this year can be achieved by ensuring that all services provided by...
RM139.3 bln revenue projection from 2022 direct taxes achievable, says IRB
KUALA LUMPUR, Nov 23 — The projected revenue from direct taxes of approximately RM139.3 billion in 2022 is a realistic, reasonable, as well as an...
IRB revises downwards 2020 tax collection target
PUTRAJAYA, Sept 30 — The Inland Revenue Board (IRB) is revising downwards its tax collection target for 2020 from the RM154 billion projected in January,...