A Huge Relief For Taxpayers

KUALA LUMPUR, March 30 (Bernama) -- In what is seen as a huge relief for individual and corporate taxpayers, the Inland Revenue Board (IRB) will reimburse excess tax payments for year of assessment 2006 within 30 working days for those using the e-filing system.

The IRB will do this without having to refer to previous years' assessments, Chief Secretary to the Government Tan Sri Sidek Hassan says in a statement.

He made the announcement today following the second meeting of the Special Task Force to Facilitate Business (PEMUDAH) that was set up recently to look into improving the public delivery system.

For individuals, the deadline to submit their tax returns is April 30 and for companies June 30.

This means individuals and companies will be paid back their excess tax payments even though the assessments for earlier years have yet to be processed.

Repayments for assessments before 2006 will be made separately, he said.

IRB will also continue reimbursing excess tax payments directly to taxpayers without waiting for specific applications by them while the reimbursements will be within 30 working days for e-filing users.

Issues related to immigration, land registration and other matters are also being reviewed by the implementors, Sidek says.

PEMUDAH is committed to chalking up improvements in these areas to quicken the government's delivery system and make the climate for business more conducive and enhance the country's competitiveness.

-- BERNAMA