Business : Govt Settles RM17.15 Bln In Excess Tax Refunds As Of Sept 30
KUALA LUMPUR, Oct 13 (Bernama) -- The government has settled tax overpayment refunds amounting to RM17.15 billion, involving 3.23 million taxpayer cases, for the period up to Sept 30, 2026.
As of September 30, 2026, the Malaysian government has finalized the settlement of RM17.15 billion in excess tax refunds, addressing 3.23 million individual taxpayer cases. In a written parliamentary response, the Finance Ministry disclosed that RM6.38 billion was refunded to 3.1 million individuals, while RM8.95 billion was distributed to over 130,000 corporate entities, encompassing micro, small, and medium enterprises (MSMEs).
The Inland Revenue Board (IRB) has introduced measures to expedite the refund processing, such as allocating refunds based on the age of pending cases and prioritizing MSMEs and firms experiencing cash flow challenges. The government remains committed to settling all outstanding refunds promptly, as part of its fiscal reform agenda under the Madani government to improve tax administration efficiency and protect taxpayers' rights.
Responding to a parliamentary inquiry from Lim Guan Eng (Bagan-PH) regarding the timeline for settling excess tax refunds and the two percent compensation for corporate taxpayers for the 2025 assessment year, the ministry provided details on outstanding refunds by assessment year and the number of affected taxpayers.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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