Latest news with #BNCP
BusinessToday
2 days ago
- Business
- BusinessToday
IRB Identifies 5,800 Non-Compliant Taxpayers, RM484 Million Undeclared Income Detected
The Inland Revenue Board of Malaysia (IRB) has identified 5,800 taxpayers who previously failed to submit their Income Tax Return Forms (BNCP) following checks through the e-Invoicing system, which revealed undeclared income amounting to RM484 million. IRB said the move resulted in additional tax collection of RM82 million after these taxpayers came forward to declare their past assessment years' income. 'As of July 30 2025, approximately 413 million e-Invoices have been issued overall, involving over 83,000 taxpayers. This includes mandatory compliance from phases one to three, as well as voluntary participation from phases four and five,' IRB said in a statement. The agency said e-Invoicing implementation has shown positive acceptance, aligning with efforts to strengthen voluntary and continuous tax compliance. Taxpayers whose grace period has ended are reminded to fully comply with e-Invoicing requirements as per the issued guidelines. Related
Sinar Daily
2 days ago
- Business
- Sinar Daily
LHDN flags 5,800 taxpayers for failure to submit income tax forms
Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. 30 Jul 2025 03:16pm This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. KUALA LUMPUR - A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms (BNCP) through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. In a statement issued today, LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since August 1 of the previous year. The department has been actively monitoring taxpayer data verified in the MyInvois system. This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. "As of today, LHDN has processed approximately 413 million e-Invoices, with over 83,000 taxpayers participating. This includes taxpayers from phases one to three, who are required to implement e-Invoicing, as well as voluntary participants from phases four and five,' the statement read. LHDN expressed satisfaction with the positive response from taxpayers but emphasiaed that those whose grace periods have ended must fully comply with e-Invoicing guidelines. Taxpayers are urged to maintain up-to-date records and ensure full compliance to avoid enforcement actions. For assistance, LHDN offers dedicated advisory services, including a 24-hour helpdesk at 03-8682 8000, MyInvois Live Chat, and email support at myinvois@ Taxpayers can also visit LHDN offices or submit feedback via the MyInvois customer form at - BERNAMA More Like This
The Star
2 days ago
- Business
- The Star
LHDN flags 5,800 taxpayers for failure to submit income tax forms
KUALA LUMPUR: A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484mil, which contributed an additional RM82mil in tax revenue. In a statement on Wednesday (July 30), LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since Aug 1 the previous year. LHDN has been actively monitoring taxpayer data verified in the MyInvois system. This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. "As of today, LHDN has processed approximately 413 million e-Invoices, with over 83,000 taxpayers participating. This includes taxpayers from phases one to three, who are required to implement e-Invoicing, as well as voluntary participants from phases four and five," the statement read. LHDN expressed satisfaction with the positive response from taxpayers but emphasised that those whose grace periods have ended must fully comply with e-Invoicing guidelines. Taxpayers are urged to maintain up-to-date records and ensure full compliance to avoid enforcement actions. For assistance, LHDN offers dedicated advisory services, including a 24-hour help desk at 03-8682 8000, MyInvois Live Chat, and email support at myinvois@ Taxpayers can also visit LHDN offices or submit feedback via the MyInvois customer form at – Bernama
Barnama
2 days ago
- Business
- Barnama
LHDN Flags 5,800 Taxpayers For Failure To Submit Income Tax Forms
KUALA LUMPUR, July 30 (Bernama) -- A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms (BNCP) through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. In a statement issued today, LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since August 1 of the previous year. The department has been actively monitoring taxpayer data verified in the MyInvois system.
The Sun
2 days ago
- Business
- The Sun
LHDN flags 5,800 taxpayers for failing to submit income tax forms
KUALA LUMPUR: A total of 5,800 taxpayers have been identified for failing to submit their Income Tax Return Forms (BNCP) through the Inland Revenue Board of Malaysia's (LHDN) e-Invoicing monitoring system. Following compliance actions aimed at taxpayers at risk of failing to report their income, LHDN reported that these individuals subsequently submitted their BNCP, declaring a total income of RM484 million, which contributed an additional RM82 million in tax revenue. In a statement issued today, LHDN stated that since the implementation of e-Invoicing, it has been receiving data from individuals and companies conducting business transactions since August 1 of the previous year. The department has been actively monitoring taxpayer data verified in the MyInvois system. This ongoing monitoring aims to ensure voluntary and consistent tax compliance, in line with the principle of fairness in the country's taxation system. 'As of today, LHDN has processed approximately 413 million e-Invoices, with over 83,000 taxpayers participating. This includes taxpayers from phases one to three, who are required to implement e-Invoicing, as well as voluntary participants from phases four and five,' the statement read. LHDN expressed satisfaction with the positive response from taxpayers but emphasiaed that those whose grace periods have ended must fully comply with e-Invoicing guidelines. Taxpayers are urged to maintain up-to-date records and ensure full compliance to avoid enforcement actions. For assistance, LHDN offers dedicated advisory services, including a 24-hour helpdesk at 03-8682 8000, MyInvois Live Chat, and email support at myinvois@ Taxpayers can also visit LHDN offices or submit feedback via the MyInvois customer form at - Bernama
