Friday 29 Mar 2024
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KUALA LUMPUR (Aug 15): The Ministry of Finance (MoF) is verifying the sum said to be owed to taxpayers by the Inland Revenue Board, Deputy Finance Minister Datuk Amiruddin Hamzah said today.

His ministry will issue a statement tomorrow over more than RM10 billion in IRB refunds said to be owing to taxpayers, which was reported by Utusan Malaysia on Tuesday. 

"You have to wait for an official statement from us. IRB is under MoF, so before we make a statement, we want to verify the figure," he told reporters at the Parliament lobby today. 

The IRB had issued a statement earlier today in response to the report, but then retracted it hours later. 

Quoting an unnamed source, the Malay publication said the figure is the amount of taxes overpaid, which the IRB had failed to refund. 

"If the amount is correct, this will reduce the government's revenue, which will certainly affect the nation's economy," it said.

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