Govt hopes IRB can achieve tax collection target of RM127b this year

The government has high hopes that the Inland Revenue Board (IRB) is able to achieve its tax collection target of RM127 billion this year, as well as the direct tax collection target of RM143.9 billion for 2021, said Finance Minister Tengku Zafrul Abdul Aziz.

He said the role and function of the IRB are very important to ensure that tax collection is always at the optimum level even though collection activities during the Covid-19 pandemic is very challenging, in order to balance the hardship faced by affected traders and responsibility as a tax administrator...