Finance Ministry: RM17.15b in excess tax refunds paid to individuals, companies as of Sept 30
KUALA LUMPUR, Oct 14 — The government has settled tax overpayment refunds amounting to RM17.15 billion, involving...
The Malaysian government has refunded an excess of RM17.15 billion to taxpayers, comprising 3.23 million individual cases and over 130,000 corporate cases as of September 30, 2026. According to the Ministry of Finance (MoF), the refunds amounted to RM6.38 billion for 3.1 million individual taxpayers and RM8.95 billion for more than 130,000 companies, including MSMEs.
To streamline tax refund processing, the Inland Revenue Board has adopted various strategies to ensure a fair and equitable distribution of refunds based on the age of outstanding cases, prioritizing MSMEs and companies experiencing cash flow issues. The MoF emphasized its commitment to settling outstanding refunds promptly as part of its fiscal reform agenda, aimed at enhancing tax administration efficiency and safeguarding taxpayers' rights, as reported by Bernama.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
