Govt pays RM20.27b in income tax refunds to 3.65m taxpayer cases as at Oct 31

KUALA LUMPUR, Nov 3 - The Malaysian government disbursed RM20.271 billion in income tax refunds to 3.65 million taxpayer cases by the end of October 2026, Finance Minister II Datuk Seri Amir Hamzah Azizan announced. Of the total, RM6.84 billion went to 3.4 million individual taxpayers, while RM13.036 billion was refunded to 206,234 corporate taxpayers, including micro, small and medium enterprises (MSMEs).

The government prioritises refunding excess tax credits to individuals and MSMEs, Amir Hamzah stated during the Supply Bill's final session at the committee stage in the Dewan Rakyat. The number of taxpayers with surplus tax credits dropped almost in half to around 550,000 as of October 2026, compared to more than one million in December 2025.

The government is committed to settling outstanding tax refunds promptly, a key aspect of the Madani government's fiscal reform agenda, Hamzah added. During the debate, 27 MPs participated, with their feedback aimed at improving the management and implementation of allocations for the benefit of the people. The 2027 operating supply expenditure allocation for the ministry rose to RM68.16 billion, up from the revised RM61.5 billion for the current year, reflecting the Madani government's dedication to reducing living costs and enhancing the well-being of the populace.