Finance minister: Customs Dept targets RM40b from taxes this year | Malay Mail

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Finance minister: Customs Dept targets RM40b from taxes this year

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz is confident the Customs Department can collect RM40.7 billion in taxes. — Picture by Miera ZulyanaALOR SETAR, March 21 — The Royal Malaysian Customs Department is targeting to collect RM40.7 billion in taxes this year, or higher than the RM38.6 billion in 2020.

“Gross domestic product is projected to grow compared with last year’s, which contracted by about 5.6 per cent; this year, the GDP is expected to increase by between 6.5 to 7.5 per cent. This will be of some help in our revenue collection from the Customs department Earlier in his speech, Tengku Zafrul revealed that the construction package for the building which houses a multi-purpose hall, Narcotics Unit office and an Enforcement store, among others, was worth more than RM40 million.

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