KOTA KINABALU: Notable politicians are among 80,000 individual Malaysian taxpayers and business owners who have failed to pay or declare their taxable income for 2017, the Inland Revenue Board (IRB) revealed yesterday.
However, it did not reveal the errant politicians’ identities, Bernama reported.
“The individuals, including (the) politicians, have earnings and salaries, but did not return their tax forms or declare their supplemental incomes – from commissions, rent and online businesses,” IRB chief executive officer Datuk Seri Sabin Samitah told a press conference here, yesterday.
He said the IRB has issued notices under Section 79 of the Income Tax Act 1967 to the errant individuals instructing them to declare their earnings or face stern action – including being slapped with an overseas travel ban under Section 104 of the same Act.
Sabin said the IRB has introduced a Special Voluntary Declaration Programme which imposes a low penalty rate of 10 to 15 per cent on taxpayers who belatedly declare their taxes between now and June 30, 2019, after which the rate would revert to between 80 and 300 per cent of the taxable income.