LHDN

Tax Season Alert: Anwar Encourages Stricter Tax Enforcement by LHDN

Taxpayers, beware! Anwar Ibrahim urges the Inland Revenue Board to crack down on tax evasion, regardless of position or title. Get ready for a serious tax season ahead!

Tax season is here, and Malaysians are gearing up for the annual ritual of filing their income taxes. With the e-Filing platform now open for submissions, individuals and non-individuals are encouraged to promptly submit their Tax Return Forms for the Year of Assessment 2023. In a recent statement, Prime Minister Anwar Ibrahim emphasized the importance of tax compliance, urging the Inland Revenue Board (LHDN) to take stern action against all tax evaders, emphasizing that everyone should fulfill their tax obligations regardless of their position or title.

Anwar Ibrahim's proactive stance on tax enforcement underlines the government's commitment to bolster revenue collection. He aims for LHDN to surpass its revenue projection of RM197 million for the year. The Prime Minister's call for strict tax enforcement is accompanied by a message of fairness, emphasizing that tax evasion should not be tolerated regardless of one's social status. The push for stricter tax compliance reflects a national effort to ensure equitable contributions to public funds.

As Malaysia grapples with the challenges of a rising Sales and Services Tax (SST), Anwar highlights the persisting issue of a low tax base in the country. Despite efforts to enhance tax collection mechanisms, Malaysia's tax base remains disproportionately low, accounting for only 11.2% of the country's fiscal revenue. Anwar's observations shed light on the need for comprehensive tax reforms to address the revenue shortfall and sustainably fund national development initiatives.

In conclusion, Anwar Ibrahim's directives to LHDN signal a proactive approach towards enhancing tax compliance and revenue collection. Malaysians are advised to fulfill their tax obligations diligently to contribute to the nation's development. As tax season progresses, the government's focus on equitable tax enforcement underscores the significance of financial responsibility and transparency in Malaysia's fiscal landscape.