{
  "id": 14222527,
  "title": "Government settles RM17.15bil in excess tax refunds as at Sept 30",
  "url": "https://urgent.news/2026/10/13/government-settles-rm17-15bil-in-excess-tax-refunds-as-at-sept-30",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T14:51:28.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/10/1554771/government-settles-rm1715bil-excess-tax-refunds-sept-30"
  },
  "original_language": "en",
  "account": "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).\n\nThe 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.\n\nResponding 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.",
  "summary": "KUALA LUMPUR: The government has settled RM17.15 billion in excess tax refunds involving 3.23 million taxpayer cases as at Sept 30, 2026.",
  "key_points": [
    "Malaysian government settles RM17.15 billion in excess tax refunds as of September 30, 2026.",
    "RM6.38 billion refunded to 3.1 million individuals, RM8.95 billion to over 130,000 corporations.",
    "IRB prioritizes MSMEs and firms with cash flow issues in refund processing."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bernama",
        "title": "Business : Govt Settles RM17.15 Bln In Excess Tax Refunds As Of Sept 30",
        "url": "https://urgent.news/2026/10/13/business-govt-settles-rm17-15-bln-in-excess-tax-refunds-as-of-sept-30",
        "published": "2026-10-13T12:15:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}