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RM110b in tax collection seen this year
by hlk Wed 04 Apr 2012, 19:14
The Inland Revenue Board (IRB) aims to collect RM110 billion in taxes this year, higher than the RM109.674 billion last year.
Chief Executive Officer Datuk Dr Mohd Shukor Mahfar said every year about 50 per cent of the tax receipts come from companies, 25 per cent from petroleum, 17 per cent from individuals and the rest from other forms of taxes.
He said news of Petronas' plan to lower its annual dividend to the government was of no worry to the IRB as revenue would come from new oil exploration areas.
Mohd Shukor said the IRB was also targeting 2.8 million taxpayers, who would be e-filers this year, from the 2.5 million who used the e-filing system last year.
"We will also be putting our suggestion for mandatory e-filing in this country," he said after the 2012 "Money Compass Tax Seminar" here today.
Mohd Shukor said the latest improvement for 2012 filing season is the introduction of mobile filing or m-filing for individual taxpayers, a modification to e-filing that is targeted for Generation X and Generation Y taxpayers who own smart phones.
He said individual taxpayers who choose to sumbit their forms via e-filing will now have up to May 15 to do so. Previously, the deadline was on April 30. -- Bernama
Chief Executive Officer Datuk Dr Mohd Shukor Mahfar said every year about 50 per cent of the tax receipts come from companies, 25 per cent from petroleum, 17 per cent from individuals and the rest from other forms of taxes.
He said news of Petronas' plan to lower its annual dividend to the government was of no worry to the IRB as revenue would come from new oil exploration areas.
Mohd Shukor said the IRB was also targeting 2.8 million taxpayers, who would be e-filers this year, from the 2.5 million who used the e-filing system last year.
"We will also be putting our suggestion for mandatory e-filing in this country," he said after the 2012 "Money Compass Tax Seminar" here today.
Mohd Shukor said the latest improvement for 2012 filing season is the introduction of mobile filing or m-filing for individual taxpayers, a modification to e-filing that is targeted for Generation X and Generation Y taxpayers who own smart phones.
He said individual taxpayers who choose to sumbit their forms via e-filing will now have up to May 15 to do so. Previously, the deadline was on April 30. -- Bernama
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