Tag: Inland Revenue Board
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LHDN Clears RM17 Billion in Tax Refunds for 3.53 Million Malaysians; RM2 Billion More to Be Disbursed by December
Overview: RM17 Billion in Tax Refunds Processed The Inland Revenue Board of Malaysia (LHDN) has announced a significant milestone in its tax refund program. As of December 18, it has processed and approved RM17 billion in tax refunds, covering a total of 3.53 million individual cases. This latest update reflects the government’s ongoing efforts to…
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Malaysia LHDN Clears RM17 Billion in Tax Refunds, RM2 Billion More to Disburse by Year-End
Overview of the Refund Milestone The Inland Revenue Board of Malaysia (LHDN) has announced a significant milestone in its tax refund drive. As of December 18, the agency has processed RM17 billion in tax refunds, covering 3.53 million individual cases. This update underscores the government’s commitment to expedite relief for taxpayers ahead of the year-end…
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High Court Dismisses Najib, Nazifuddin Bankruptcy Stay Bid Over RM1.69b Tax Arrears
High Court Rejects Stay on Bankruptcy Proceedings The Kuala Lumpur High Court has dismissed an appeal by former Malaysian prime minister Datuk Seri Najib Razak and his son Datuk Mohd Nazifuddin Najib to pause bankruptcy proceedings launched by the Inland Revenue Board (IRB) over a combined tax debt totalling more than RM1.7 billion. The ruling…
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High Court Dismisses Najib and Son’s Bid to Pause Bankruptcy Over RM1.69b and RM37.6m Tax Arrears
Background: Bankruptcy Proceedings Against Najib and Nazifuddin The High Court in Kuala Lumpur has rejected a bid by former Malaysian prime minister Datuk Seri Najib Razak and his son Datuk Mohd Nazifuddin to stay or halt bankruptcy proceedings initiated by the Inland Revenue Board (IRB). The lawsuits revolve around substantial tax arrears, including a claim…
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Court Rejects Najib and Nazifuddin’s Bid to Pause Bankruptcy Over Multi‑Million Tax Debts
High Court Denies Stay on Bankruptcy for Najib Razak and Son The Malaysian High Court has dismissed an urgent bid by former prime minister Datuk Seri Najib Razak and his son Datuk Mohd Nazifuddin to postpone bankruptcy proceedings initiated by the Inland Revenue Board (IRB). The ruling, announced on November 17 in Kuala Lumpur, means…