{
  "id": 14347017,
  "title": "Finance Ministry: RM17.15b in excess tax refunds paid to individuals, companies as of Sept 30",
  "url": "https://urgent.news/2026/10/14/finance-ministry-rm17-15b-in-excess-tax-refunds-paid-to-individuals-14347017",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T01:44:12.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/14/finance-ministry-rm1715b-in-excess-tax-refunds-paid-to-individuals-companies-as-of-sept-30/239012"
  },
  "original_language": "en",
  "account": "As of September 30, 2026, the Malaysian government has disbursed a total of RM17.15 billion in excess tax refunds, addressing 3.23 million taxpayer cases. This sum comprised RM6.38 billion returned to 3.1 million individual taxpayers and RM8.95 billion refunded to over 130,000 corporate entities, including micro, small, and medium enterprises (MSMEs). To ensure fairness and effectiveness in refund processing, the Inland Revenue Board has employed strategies prioritizing cases based on their age and supporting MSMEs and firms grappling with cash flow challenges. The Ministry of Finance affirmed its commitment to settling outstanding refunds promptly, aligning with the Madani government's fiscal reform objectives. This response to a parliamentary inquiry from Lim Guan Eng (Bagan-PH) clarified the timeline for refund settlements, the two percent compensation for corporate taxpayers for the 2025 fiscal year, the outstanding refunds by year of assessment, and the taxpayer count affected.",
  "summary": "KUALA LUMPUR, Oct 14 — The government has settled tax overpayment refunds amounting to RM17.15 billion, involving...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Finance Ministry: Malaysians under 30 rack up RM5.4b in BNPL transactions in first half of 2026",
        "url": "https://urgent.news/2026/10/14/finance-ministry-malaysians-under-30-rack-up-rm5-4b-in-bnpl",
        "published": "2026-10-14T01:38:14.000Z"
      }
    ]
  },
  "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."
}