8:49 am - Wednesday April 25, 2018

DPM hails PAC proposal to raise travel restriction tax arrears limit

AHMAD ZAHID HAMIDI DI PROGRAM UMNO BANTU RAKYAT

MO,17/3/2018, BAGAN DATUK: Datuk Seri Dr Ahmad Zahid Hamidi today gave the thumbs-up to the Public Accounts Committee’s (PAC) recommendation to raise the travel restriction tax arrears limit to RM10,000 for individuals and RM50,000 for the companies. The Deputy Prime Minister also described the suggestion as proactive and should be accepted by all. “By raising the limit to RM10,000 for individuals, the number of taxpayers barred from travelling abroad will automatically decrease.

“They are not beneficiaries and as such this initiative, by PAC, is well-accepted. I will monitor this and should it be agreed at the Cabinet level, it will be enforced immediately,” he said. Zahid, who is also Bagan Datuk Member of Parliament, said this after launching Bagan Datuk Sahabat Amanah Ikhtiar Malaysia (AIM) Entrepreneurs Club at Dewan Datuk Lope Hashim here today.

Also present were AIM executive chairman Datuk Dr Zubir Harun and AIM board member Muhammad Shuhaimi Othman. “I will instruct Immigration Department director-general (Datuk Seri Mustafar Ali) to implement it (to do background checks on travellers). “Those who wish to travel to fulfill religious obligations must apply for temporary exception entitlement from the Insolvency Department.

“This matter will be brought to the Cabinet level and should it be approved, the enforcement will involve the Finance Ministry, Insolvency Department and Immigration Department,” he added. It was reported on Thursday that the PAC had recommended that the Inland Revenue Board (IRB) raise the tax arrears limit of RM2,000, which restrict taxpayers from travelling abroad, to RM10,000.

PAC chairman Datuk Seri Hasan Ariffin said the RM2,000 limit was unsuitable with the current economic circumstances. PAC also suggested that IRB increase the tax arrears limit for companies to RM50,000.

–NSTP

Filed in: Nasional, Topik Pilihan

Tiada Komen Lagi

Tinggal Komen