Malaysian income tax payment is hitting RM120 billion

 

Up to October 2012, IRB has collected RM98 billion tax. They are targetting RM120 billion until the end of this year.

However, economic is not getting better but the skill and scale of collection is getting better.

The better trained and more experienced tax officers and the change of tax law (for instance, higher tax penalties) have contributed to the better-then-expectation tax collection.

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