Latest news with #LHDN
Malay Mail
2 days ago
- Malay Mail
MACC seizes RM332m in assets from scrap metal and e-waste smuggling syndicate
PETALING JAYA, July 21 — The Malaysian Anti-Corruption Commission (MACC) has frozen and confiscated assets valued at over RM332 million in an ongoing probe into a scrap metal and e-waste smuggling syndicate. As reported by The Star, the syndicate is accused of bribing enforcement officers, causing a loss of more than RM950 million in export tax revenue over the last six years. 'MACC has frozen 324 bank accounts, comprising 142 corporate accounts and 182 individual accounts, totalling nearly RM150mil. Assets seized so far amount to about RM183mil,' an MACC source told The Star. The source also revealed that 27 witnesses have been questioned, including a key suspect, whose statement was recorded today. No arrests have been made, and investigations are ongoing. According to the daily, Datuk Mohamad Zamri Zainul Abidin, senior director of the MACC's Special Operations Division, confirmed that the commission is actively working to identify those involved in the smuggling syndicate. The investigation is being conducted under Sections 16 and 18 of the MACC Act 2009, which cover bribery and false claims, as well as possible violations of anti-money laundering laws. Additionally, agencies like the Inland Revenue Board (LHDN), Customs Department, and Bank Negara are investigating related offences under the Income Tax Act 1967 and the Customs Act 1967. On July 14, Bernama reported that the first raid was conducted at a three-storey luxury bungalow in Batu Maung, Penang at around 6am Monday. The bungalow is believed to belong to a businessman who owns a scrap metal company. Officers conducted a search after a domestic helper opened the door to the residence, though the company owner, reportedly a foreign national, was away on business.
The Star
3 days ago
- Business
- The Star
Sarawak to kick off reforms to make business registrations quicker, easier, Dr Sim announces
SIBU: The Sarawak government will launch a pilot project aiming to reform the business registration process in the state, beginning August 1, 2025, and until the end of February 2026. The initiative to make business registrations faster and easier will be trialled in the Sibu and Kanowit districts over a six-month period, Deputy Premier Datuk Amar Dr Sim Kui Hian announced. Speaking at a press conference on Monday (July 21), Dr Sim, who is also state Public Health, Housing and Local Government Minister, said the time required to register a business would be reduced from over 60 working days to between 14 and 30 working days. He emphasised that this reform is essential for boosting business activity in Sarawak and positioning the state as a more attractive and investor-friendly destination. The pilot project is intended to help Sarawak maintain its competitiveness as an investment hub, offering administrative efficiency, predictability in processes, and robust government support for the business community. Currently, registering a business in Sarawak involves multiple government departments and agencies — including the Inland Revenue Board (LHDN), district offices, divisional treasury departments, and local authorities — resulting in an often inefficient and time-consuming process, he explained. Under the new initiative, all business registrations — including Business Name Registration, Trade Licence, and Operating Licence applications — will be handled by a single agency: the local authorities in Sibu and Kanowit, through a one-stop facilitation centre. "Applicants will only need to complete a single form that captures all required information for Business Name Registration, Trade Licence, and Operating Licence applications," Dr Sim said. The pilot project targets a processing time of 14 working days — from application to licence collection — for low-risk businesses. 'For businesses requiring only a business name and trade licence, the licence can be collected within five working days,' he added. This timeline, however, applies only to applications that include all the necessary supporting documents and meet the required checklist criteria. Dr Sim also stressed that applications for high-risk businesses — such as those involving the sale of gas, entertainment centres, care centres for the elderly or children, and reflexology centres — will be processed within 30 working days, as these require input from multiple government agencies.
The Sun
14-07-2025
- Business
- The Sun
LHDN e-TT system temporary closure from July 17 to 21
PUTRAJAYA: The Inland Revenue Board (LHDN) has announced a temporary shutdown of its electronic telegraphic transfer (e-TT) system from July 17 to 21 for system enhancements. Two major upgrades will be implemented during this period. The first is a new feature allowing taxpayers to generate a virtual account (VA) number using their bill number. The second is an automated receipt system that will send payment confirmations directly to taxpayers' email addresses once transactions are processed by LHDN's agent bank. For Income Tax and Real Property Gains Tax payments, receipts can still be accessed through the e-Lejar app or the Withholding Tax Payment Statement by logging into the MyTax portal at using identification documents. LHDN stated, 'Once the e-TT system reopens on July 22, taxpayers will be required to generate a new VA number to proceed with payment.' During the downtime, taxpayers are encouraged to use alternative payment methods such as PFX on LHDN's official portal, appointed agent banks, or Pos Malaysia. Payments can be made via over-the-counter transactions, internet banking, ATMs, or at the Kuala Lumpur Revenue Collection Management Centre. Further details on payment options are available on LHDN's official portal under the quick access menu: Service > Individual > *Individual Life Cycle > Payment > Mode of Payment. - Bernama
The Star
14-07-2025
- Business
- The Star
LHDN's electronic telegraphic transfer system to be temporarily closed from July 17 to 21
PUTRAJAYA: The Inland Revenue Board's (LHDN) electronic telegraphic transfer system (e-TT) will be temporarily closed from July 17 to 21 to facilitate system enhancements. It said in a statement on Monday (July 14) that two key improvements will be introduced: a new feature to generate a virtual account (VA) number using the bill number, and a mechanism to automatically send payment receipts directly to taxpayers' email addresses once payment is received by LHDN's agent bank.
Barnama
14-07-2025
- Business
- Barnama
LHDN's e-TT System To Be Temporarily Closed From July 17 To 21
PUTRAJAYA, July 14 (Bernama) -- The Inland Revenue Board's (LHDN) electronic telegraphic transfer system (e-TT) will be temporarily closed from July 17 to 21 to facilitate system enhancements. It said in a statement today that two key improvements will be introduced: a new feature to generate a virtual account (VA) number using the bill number, and a mechanism to automatically send payment receipts directly to taxpayers' email addresses once payment is received by LHDN's agent bank. LHDN said copies of receipts, limited to Income Tax and Real Property Gains Tax, can also be accessed via the e-Lejar application or the Withholding Tax Payment Statement by logging in with identification documents via the MyTax portal at
