Latest news with #RM82
BusinessToday
2 days ago
- Business
- BusinessToday
IRB Identifies 5,800 Non-Compliant Taxpayers, RM484 Million Undeclared Income Detected
The Inland Revenue Board of Malaysia (IRB) has identified 5,800 taxpayers who previously failed to submit their Income Tax Return Forms (BNCP) following checks through the e-Invoicing system, which revealed undeclared income amounting to RM484 million. IRB said the move resulted in additional tax collection of RM82 million after these taxpayers came forward to declare their past assessment years' income. 'As of July 30 2025, approximately 413 million e-Invoices have been issued overall, involving over 83,000 taxpayers. This includes mandatory compliance from phases one to three, as well as voluntary participation from phases four and five,' IRB said in a statement. The agency said e-Invoicing implementation has shown positive acceptance, aligning with efforts to strengthen voluntary and continuous tax compliance. Taxpayers whose grace period has ended are reminded to fully comply with e-Invoicing requirements as per the issued guidelines. Related
Sinar Daily
2 days ago
- Business
- Sinar Daily
LHDN flags 5,800 taxpayers for failure to submit income tax forms
Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. 30 Jul 2025 03:16pm This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. KUALA LUMPUR - A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms (BNCP) through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. In a statement issued today, LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since August 1 of the previous year. The department has been actively monitoring taxpayer data verified in the MyInvois system. This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. "As of today, LHDN has processed approximately 413 million e-Invoices, with over 83,000 taxpayers participating. This includes taxpayers from phases one to three, who are required to implement e-Invoicing, as well as voluntary participants from phases four and five,' the statement read. LHDN expressed satisfaction with the positive response from taxpayers but emphasiaed that those whose grace periods have ended must fully comply with e-Invoicing guidelines. Taxpayers are urged to maintain up-to-date records and ensure full compliance to avoid enforcement actions. For assistance, LHDN offers dedicated advisory services, including a 24-hour helpdesk at 03-8682 8000, MyInvois Live Chat, and email support at myinvois@ Taxpayers can also visit LHDN offices or submit feedback via the MyInvois customer form at - BERNAMA More Like This
Barnama
2 days ago
- Business
- Barnama
LHDN Flags 5,800 Taxpayers For Failure To Submit Income Tax Forms
KUALA LUMPUR, July 30 (Bernama) -- A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms (BNCP) through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. In a statement issued today, LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since August 1 of the previous year. The department has been actively monitoring taxpayer data verified in the MyInvois system.
Barnama
2 days ago
- Barnama
Kemaman Man Duped Of RM82,196 In Fake Tourism Investment
CHUKAI, July 30 (Bernama) -- A civil servant here has lost RM82,196 after falling victim to a tourism investment scam syndicate. Kemaman police chief, Supt Mohd Razi Rosli, said the 41-year-old man became involved in the scheme after being introduced to it by a female acquaintance from Indonesia via WhatsApp. He said the victim, enticed by promises of high returns, made 10 transactions totalling RM82,196 into three different bank accounts between July 10 and 27.
Focus Malaysia
2 days ago
- Business
- Focus Malaysia
Taxman detected 5.8k tax dodgers evading RM484m based on e-invoice submission scrutiny
TAX evasion has certainly been made difficult with the implementation of mandatory e-invoicing that requires all registered businesses to generate e-invoices for B2B, B2G and B2C transactions (businesses below RM500,000 in annual revenue are accorded exemption). Such is the harsh reality as the Inland Revenue Board of Malaysia (HASiL) revealed that a total of 5,800 taxpayers who were previously found to be non-compliant in submitting their Income Tax Return Forms (BNCP) have come forward to submit them. 'They had reported income for the past assessment year amounting to RM484 mil which contributed an additional tax revenue of RM82 mil,' the tax collector pointed out in a media statement. 'HASiL is always actively monitoring taxpayer data that has been verified in the MyInvois system to ensure that tax compliance is implemented voluntarily and continuously in line with the principles of fairness in the national taxation system.' As of July 30, around 413 million e-invoices have been issued in total, entailing the participation of more than 83,000 taxpayers from the first to third phases who implement e-invoicing mandatorily as well as those in the fourth and fifth phases who complied voluntarily. For the record, the first phase of the e-invoicing exercise began on Aug 1 last year for businesses with a turnover exceeding RM100 mil followed by Phase 2 on Jan 1 this year for companies with a turnover surpassing RM25 mil. From July 1, businesses with annual revenue between RM5-RM25 mill have been subject to e-invoicing under Phase 3 while those with revenue between RM500,001 and RM1 mil must comply from July 1, 2026. 'Taxpayers are advised to always update their tax records and ensure full compliance to avoid any enforcement action,' warned HASiL 'Based on the information submitted by the e-invoice system, HASiL has taken early compliance action against taxpayers who are at risk of failing to report their income.' The taxman further reminded taxpayers whose grace period has expired that they must fully implement e-invoicing in accordance with the existing guidelines. – July 30, 2025
