KUALA LUMPUR – The Inland Revenue Board (LHDN) has clarified that it has previously taken enforcement action against Global Ikhwan Services and Business Holdings (GISB) and related entities for tax non-compliance.
This follows recent public scrutiny over claims that the company has not paid taxes for the current assessment year, which is under investigation by LHDN and the Royal Malaysia Police (PDRM).
LHDN said that “more than 60 audits have been carried out on GISB, its companies, and individuals associated with it for previous assessment years.”
These audits resulted in the imposition of tax penalties and compound fines, all of which “have been paid by the taxpayers concerned.”
“The Inland Revenue Board of Malaysia (LHDN) takes tax evasion and revenue leakage among Malaysians very seriously, in line with the government’s efforts to increase national revenue for the well-being of the people,” it said in a statement today.
“LHDN is also actively carrying out various enforcement activities, including assessments, audits, investigations, and collections, to ensure tax compliance remains at the highest level.”
The tax authority further emphasised that it continues to monitor GISB’s compliance, ensuring that the company is treated in the same manner as other taxpayers.
“No special treatment has been given to these taxpayers,” LHDN noted.
LHDN’s collaboration with PDRM aims to support investigations into new information relating to GISB’s tax affairs for the current assessment year.
It also reiterated that any violations of the Income Tax Act 1967 would be met with “prosecution and penalties,” underscoring the government’s commitment to combatting tax evasion and ensuring fairness among all taxpayers while protecting national revenue. – September 30, 2024