SEBERANG PERAI, Sept 18 — The Income Revenue Board (IRB) is concentrating on greater than RM7 billion in tax collections in Penang this year.
State IRB director Norfaidah Daud mentioned the tax collection in Penang was about RM6.8 billion final year.
“Our KPI this year is to gather about RM7 billion in taxes in Penang,” she informed reporters after officiating a Lawatan Konsultasi Hasil (LKH) programme at Menara Hasil Lokaliti Bukit Mertajam right here at the moment.
She mentioned final month, Penang contributed 4.78 per cent of the nation’s whole tax collection.
“Penang ranked second for the best tax collection within the nation after Sarawak,” she mentioned.
When requested about tax evaders in Penang, she mentioned a majority of the tax evaders within the state are sole proprietors.
“Sole proprietors have the best non-compliance price as in comparison with different enterprise entities,” she mentioned.
Penang IRB director Norfaidah Daud mentioned state ranked second for the best tax collection within the nation after Sarawak.
She mentioned different enterprise entities principally have their accounts ready by accountants so their compliance charges are higher.
“We have difficulties getting sole proprietors to return ahead as a result of their accounts weren’t so as,” she mentioned.
She mentioned the Lawatan Konsultasi Hasil (LKH) is among the methods to succeed in out to taxpayers and unfold consciousness of the IRB’s particular voluntary disclosure programme (SVDP) 2.0.
IRB officers might be visiting 215 premises over the subsequent 4 days below the LKH programme.
Among the targets have been sole proprietors who’ve but to register to declare their taxes.
“We are attempting to get extra taxpayers to register below SVDP 2.0,” she mentioned.
She gave assurances to taxpayers that SVDP 2.0 is not going to be utilized by IRB to analyze their earnings in earlier years.
