JUNE 15 — Since Malaysia entered its first movement control order just over a year ago followed by the more recent full lockdown under MCO 3.0 on June 1, 2021, the government has launched various multi-billion-ringgit economic stimulus packages to assist businesses in the country.
”. Businessmen simply understand income tax as just another mandatory cost in their business. For everyone else, tax is a compulsory payment levied on them for support of the government and the nation’s continuous growth. On the other hand, organisations having strong tax controls in place , people with the requisite technical knowledge and access to appropriate resources will find that they are less likely to deal with unexpected surprises from the IRB.
Even worse, the IRB may take civil action against the company directors for unpaid taxes and preventing them from leaving the country