Latest news with #InlandRevenueBoard
Daily Express
14 hours ago
- Business
- Daily Express
More reasons to honour the 40pc tax right: Star
Published on: Friday, June 20, 2025 Published on: Fri, Jun 20, 2025 Text Size: Hiew said the people of Sabah have long endured the underdeveloped infrastructure, lack of educational resources, and insufficient healthcare facilities, a reality of imbalanced development. Kota Kinabalu: The expanded Sales and Services Tax (SST) set to be implemented in July, introduction of a targeted subsidy mechanism for RON95 petrol and the federal government's plan to implement a carbon tax by 2026, are reasons enough for the federal government to immediately implement Sabah's constitutional right to a 40pc net revenue return, without further excuses or delays. Star Tg Aru Division chief Hiew Choon Yu said according to the latest projection by the Inland Revenue Board (IRB), Sabah's tax revenue is expected to reach RM6.2 billion in 2025—a historic high that clearly demonstrates Sabah's major contribution to the national economy and tax system. Advertisement Hiew said the people of Sabah have long endured the underdeveloped infrastructure, lack of educational resources, and insufficient healthcare facilities, a reality of imbalanced development. 'Meanwhile, the taxes collected from Sabah by the federal government each year are grossly disproportionate to the allocations returned to the state. 'Under Articles 112C and 112D of the Federal Constitution, Sabah is entitled to 40pc of net federal revenue collected from the state. However, this constitutional guarantee has never been truly enforced since 1969,' he said. He added that since 1974, Sabah's 40pc net tax revenue return has never been comprehensively reviewed or reassessed. Despite repeated government promises to review it, there has been no concrete progress. Advertisement 'In 2022, the Ministry of Finance even admitted the matter required 'further study,' deeply disappointing the people,' he said in a statement. Hiew noted that since 2024, the government has expanded SST to cover services including logistics, delivery, entertainment, maintenance, and repair—proving that the federal government already possesses the resources and mechanisms to redesign and implement tax policies 'Sabah is not a marginal state begging for handouts—it is part of the Federation and should receive a fair share of fiscal distribution.' * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
a day ago
- Business
- The Sun
Op Hazard 2.0: IRB to probe financial records of 57 raided e-waste premises
KUALA LUMPUR: The Inland Revenue Board (IRB) will scrutinise the financial records of 57 premises raided during the integrated Op Hazard 2.0 operation, launched on June 16 to crack down on the illegal processing of electrical and electronic waste (e-waste). IRB deputy chief executive officer (Compliance) Datuk Hisham Rusli said preliminary investigations discovered that the illegal e-waste processing factories had collectively evaded taxes exceeding RM500 million. 'Based on current information, several of the premises appear to be operated by the same owner, and we are investigating this further,' he said at a joint press conference with the director of the Bukit Aman Internal Security and Public Order Department (JKDNKA) today. Hisham said that from a taxation standpoint, illegal factories typically either fail to report their income or declare figures significantly lower than their actual earnings. 'We will thoroughly examine their financial records. What we've discovered is that these e-waste processing products are often re-exported at prices many times higher than their original value,' he said. A total of 57 premises involved in the illegal processing of electrical and electronic waste (e-waste) were raided nationwide during the three-day integrated Op Hazard 2.0 operation, with total seizures estimated at RM500 million. The breakdown of the seizures during the operation includes RM240 million worth of e-waste, RM182 million in e-waste components, and RM50 million in worn-out goods. Additionally, items linked to other offences were valued at RM32 million. The value of tax-related investigations stemming from the raids is estimated at approximately RM500 million.
![[UPDATED] IRB probes RM500mil tax evasion in illegal e-waste crackdown](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fewaste_Tax1906_1750322679.jpg&w=3840&q=100)
![[UPDATED] IRB probes RM500mil tax evasion in illegal e-waste crackdown](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
a day ago
- Business
- New Straits Times
[UPDATED] IRB probes RM500mil tax evasion in illegal e-waste crackdown
KUALA LUMPUR: The Inland Revenue Board (IRB) will be combing through the financial records of the 57 premises at the centre of the recent joint crackdown on illegal e-waste processing. IRB deputy chief executive officer (compliance) Datuk Hisham Rusli said investigations suggest that these illegal processing plants have collectively evaded half a billion ringgit in taxes. "Based on the current information at hand, some of these premises were operated by the same owner," he told reporters at federal police headquarters today. The IRB was among 12 agencies supporting federal Internal Security and Public Order Department in its latest crackdown on e-waste, dubbed Op Hazard 2.0, which ran from June 16 until today. Hisham said there was a possibility that some operators either did not declare their taxes or had under-declared them. "We believe these premises were paid to receive e-waste. "Then they processed the e-waste and received further payments based on the various metals extracted from the smelting process. "Their financial records and accounts will all be analysed further," he said, adding that they believed the finished products were being shipped out, with the operators receiving large payouts. Federal police Internal Security and Public Order Department director Datuk Seri Azmi Abu Kassim said they would continue to involve the IRB in future operations targeting illegal e-waste activities.
![[UPDATED] Toxic take-down: Cops seize over RM500mil in e-waste crackdown](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fe-waste1906_1750321522.jpg&w=3840&q=100)
New Straits Times
a day ago
- New Straits Times
[UPDATED] Toxic take-down: Cops seize over RM500mil in e-waste crackdown
KUALA LUMPUR: Authorities have seized over half a billion ringgit worth of e-waste products and equipment in the Federal Police's latest nationwide crackdown on illegal e-waste processing plants. The Inland Revenue Board (IRB), one of the supporting agencies involved in the operation, estimated that these premises had also evaded more than RM500 million in taxes. Bukit Aman's Internal Security and Public Order Department director Datuk Seri Azmi Abu Kassim said a total of 453 people were arrested during the most recent enforcement round, which targeted 57 premises on June 16. "A total of 12 agencies took part in the operation, dubbed Op Hazard 2.0, which was conducted from June 16 to today. It was led by the police in collaboration with the Department of Environment and the IRB. "We estimate seizures as well as losses to government revenue from this latest operation at RM1.003 billion, comprising RM240 million in e-waste, RM182 million in e-waste components, RM50 million in scrap materials, and RM32 million in other equipment," he said, adding that the IRB had estimated at least RM500 million in tax evasion by the operators. Azmi said that 916 people were screened during the integrated operation, resulting in 453 arrests — including 382 men, 70 women, and one minor — aged between 16 and 70. "From Jan 1, 2024 to till today, we have recorded total seizures valued at RM5.18 billion, with 1,061 arrests and 167 investigation papers opened in connection with e-waste activities under Op E-Waste 1.0, Op E-Waste 2.0, Op Hazard 1.0, and now Op Hazard 2.0," he said. The 57 raided premises were located in Selangor (16), Sabah (12), Kedah and Sarawak (6 each), Perak and Johor (5 each), Penang (4), Kelantan (2) and Terengganu (1) Of the 453 people arrested, only 41 were Malaysians. The rest were foreigners from China, Myanmar, Bangladesh, India, Cambodia, the Philippines, Vietnam, Indonesia, Pakistan, and Nepal. Azmi said intelligence had been obtained on more premises allegedly operating illegally, but on the day of the raids, many of them were found to be closed. "This raises concerns as to whether some operators may have been tipped off in advance," he said. He added that the police would be consulting the Malaysian Anti-Corruption Commission (MACC) to investigate the possibility of insider leaks.
The Star
a day ago
- The Star
RM500mil in e-waste seized in Ops Hazard 2.0
KUALA LUMPUR: About half a billion ringgit worth of e-waste was seized following raids on 57 premises in nine states during Ops Hazard 2.0. The special operation was conducted on Monday (Jan 16) and involved multiple agencies, led by the police's General Operations Force. Bukit Aman Internal Security and Public Order director Comm Datuk Seri Azmi Abu Kassim said the Inland Revenue Board also estimated possible tax evasion involvement amounting to RM500mil. "We detained 453 individuals aged between 16 and 70 during the operation. "41 locals were detained while the rest were foreigners from various countries, including Myanmar, Bangladesh, Cambodia and the Philippines," he told a press conference in Bukit Aman on Thursday (June 19). He said the items seized were RM240mil worth of e-waste byproducts, RM182mil of e-waste components and others worth RM82mil. "Among the offences detected were conducting an illegal e-waste processing business, employing undocumented migrants, and not having valid business licenses," he added. Comm Azmi said the latest operation brings the total value of e-waste materials seized since January to RM13.2bil while 1,061 individuals have been detained," he said. Comm Azmi said Ops Hazard 2.0 was able to increase the pressure on the illegal e-waste industry. "It consists of total action in detecting offences committed and busting syndicated crimes. "We detected that the syndicates used proxies to conduct the illegal activities and exploited loopholes in the laws," he said. A total of 1,582 officers and personnel were involved in Ops Hazard 2.0.
