Introduction:
IRBM has conducted a tracking and compliance programme through information collection activity on data of multiple sources of income, purchases and ownership of assets, association / club memberships and others.
Objective:
The objective of this program is to support enforcement and compliance activities conducted by IRBM, as well as providing information for the purpose of tax base expansion.
Legal Provisions:
Section 81, Income Tax Act, 1967 empowers IRBM to call for information.
Procedure:
Government agencies/private companies/individuals and individuals who are required to supply information by letter/notice under Section 81 of the Income Tax Act 1967, are required to submit information in softcopy format to the relevant LHDNM Branch within 30 days from the date of the notice/letter . If it takes a longer time to provide the information, an application to extend the submission time can be made to the relevant LHDNM Branch.
Information on payments made to individuals/companies.
Payment of / to :
1. Commission to insurance agents;
2.Commission to distributors / wholesalers / stockists;
3. Part -time authors / stringers;
4. Part -time instructors;
5. Local artists / performers / other payees;
6. Commission to brokers;
7. Royalties to authors / writers;
8. Commission to the insurance representatives;
9. Wholesalers / suppliers / consultants and others;
10. Housing wholesalers.
(The format is in Microsoft Excel)
Information on payments made to individuals/companies.
Payment of / to :
1. Liquor business licensee;
2. Day/Night markets licensee
3. Tenants / owners of retail space / lots
4. Canteen / cafeteria / mini market tender receiver;
5. Film and video production, distribution and exhibition licenses; and
6. Licensee information under the Petroleum Development Act (PDA), direct sales license, etc.
(The format is in Microsoft Excel)
Information on total supply and sales of fuel in quantity (litre) and value (Ringgit Malaysia) for individuals/ companies operating petrol station business.
(The format is in Microsoft Excel)
4. Clients who receive services
Information of individuals/companies who acquire services such as:
(The format is in Microsoft Excel)
5. Members of associations and organizations
Information on individuals / companies with an association / organization / club memberships.
(The format is in Microsoft Excel)
Information on individuals/companies’ (owners) of real estate assets based on the assessment tax issued by the Local Authority
(The format is in Microsoft Excel)
7. New buildings/home owners (Residential houses, shop houses, office buildings etc.)
Information on individuals / companies on home-owner properties as per S&P Agreement
(The format is in Microsoft Excel)
Information of individuals / companies who purchased new / used vehicles.
(The format is in Microsoft Excel)
