Tuesday, May 18

Only one million Malaysians eligible to pay tax – Ahmad

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Datuk Ahmad Maslan

CYBERJAYA: Only one million Malaysians are eligible to pay tax compared to the 4 million people with files in the Inland Revenue Board (IRB).

Similarly, of the 450,000 companies that have files in the IRB, only 75,000 companies are classified as eligible taxpayers.

Deputy Finance Minister Datuk Ahmad Maslan said as such, the IRB scope to increase revenue collection from the people and companies is wide.

“The number is small if compared to the population and companies. There are many areas that we can increase revenue,” he told a press conference after visiting Menara LHDN here yesterday.

Based on the current economy, IRB which has 11,000 employees could achieve the target of RM130 billion tax collection set by the government this year.

Ahmad said the amount was 61 per cent of national revenue, compared to 57 the per cent or RM124.99 billion collected last year.

“As of May 31, a total of 2,376,720 income tax return forms (BNCP) were received by IRB via e-Filing.

“I am confident that the 2.7 million target of acceptance of e-filing forms will be achieved.”

Ahmad advised individual taxpayers with income from business to send BNCP 2012 (Form B) no later than June 30.

However, those who choose to use e-Filing are given flexibility to submit Form B not later than July 15.

“My advice is use e-filing as it is easy, tax calculation is more accurate, and delivery of tax information is safer,” he added. —Bernama