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Monday, June 12, 2017

GO AFTER THE BIG FISH IN UMNO-BN FIRST: SPECIAL TAX UNIT TO LOOK INTO ‘MLM MILLIONAIRES’ & E-BUSINESSES

JOHOR BARU – The Inland Revenue Board (IRB) has a special unit to monitor those who fail to pay their taxes, and will be looking at businesses and individuals who claimed to have become millionaires by joining multi-level marketing (MLM) schemes and online businesses.
The Investigation and Profiling Department will monitor individuals, businesses and companies which fail to pay taxes, according to IRB deputy chief executive officer (compliance) Abdul Manap Dim.
“Even if the MLM companies and online businesses did not register their businesses, they still have to pay taxes,” he said at a press conference after launching the second Operasi Gegar Bersepadu (G127B) at Wisma Hasil Johor IRD headquarters here on Tuesday.
He said those earning commissions, such as marketing employees, also have to declare their income.
Abdul Manap said the unit had ways to monitor individuals and companies who tried to escape from paying taxes.
“We take action based on evidence gathered by us such as through newspapers or magazine reports on, for instance, those who claim to have made millions from MLM and online businesses,” he said.
Abdul Manap said the IRB was confident of collecting RM127bil in taxes this year, up from RM114bil in 2016.
He added that the board had collected RM47bil as of last week from individual taxpayers and companies.
– ANN

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