KUALA LUMPUR: The Inland Revenue Board (IRB) repaid RM7.6bil in income tax refunds as of April 30, 2019, according to Finance Minister Lim Guan Eng.
He said on Friday that of the total of RM7.6bil, the IRB had repaid RM5.2bil to 70,205 company cases and RM2.4bil repaid to 1,186,288 non-company cases by IRB.
This one-off special dividend from Petronas has started to be paid to the government in stages, and the repayment of tax refunds to the taxpayers has commenced since January. Commenting on the RM37bil of arrears in income tax refunds of six years and GST refunds of three years, Lim said they “represent the failure of the previous government to manage its finances by withholding taxpayers’ monies without a credible reason, in order to spend the monies”.
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