The Inland Revenue Board (LHDN) regularly monitors its data to identify companies and individuals who do not pay taxes.
LHDN chief executive officer Datuk Dr Abu Tariq Jamaluddin said the revenue-collecting agency has a legal right to take stern action, such as conducting searches on premises.
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LHDN chief executive officer Datuk Dr Abu Tariq Jamaluddin said the revenue-collecting agency has a legal right to take stern action, such as conducting searches on premises.
Read more at https://shorturl.at/bCG03
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00One month ago, the Prime Minister said that LHDN needs to take a lot of steps, including
00:08chasing companies that are stingy in paying taxes.
00:11Have you confirmed the big companies that are stingy in paying taxes?
00:14These companies, as usual, we do have rules on how to determine companies that are stingy in paying taxes.
00:22Based on the risks that we always study and consider, based on the information that we receive,
00:33from various sources, we will analyze the information and based on the available information,
00:42we can determine the cases that we will audit and the cases that we will investigate.
00:51So, this is an ongoing action, but we will continue this year to determine the companies that are stingy in paying taxes.
01:04The Prime Minister also emphasized that if the companies are stingy in paying taxes,
01:08we should just kick them out. Is that an action that needs to be taken?
01:15For certain cases that need us to use our power to make them stingy,
01:23we will act according to the law.
01:28So, we have certain cases that we need to make them stingy.
01:36But for cases that have a lower risk, we will use the auditing mechanism.
01:45For more serious cases, when the agency wants to control the investigation activities,
01:52it will involve the possibility that this stinginess issue will occur.
01:58What about the companies that are stingy in paying taxes?
02:02We will get the data later. I don't have the data right now.
02:06But we always monitor the data.
02:09Are there individuals who are stingy in paying taxes?
02:12All individuals who are stingy in paying taxes, we will take action accordingly.
02:28For more UN videos visit www.un.org