Tag Archives: Income Tax Act 1967

June 23

Shafee laments on draconian law used to recover tax arrears

Datuk Seri Najib Razak’s lawyer today argued against the Inland Revenue Board’s (IRB) attempt to obtain a summary judgment in its RM1.69 billion tax arrears suit against the former prime minister without going through a full trial. The New Straits Times reports: Tan Sri Muhammad Shafee Abdullah said the application by the IRB to get […]

November 23

Amendment to Income Tax Act 1967 passed to help individuals, businesses cope with challenging times

A bill to amend the Income Tax Act 1967 was passed in the Dewan Rakyat today, providing various tax reliefs for individuals and businesses to face a more challenging economic situation next year. Among others, a lifestyle relief was introduced where taxpayers could claim up to RM2,500 for the purchase of reading materials, computer and […]