03 April 2011

IRB to meet tax collection target this year: Awang Adek MySinchew 2011.04.01

KUALA LUMPUR, April 1 (Bernama) -- The Inland Revenue Board (IRB) is expected to achieve the tax collection target of RM91 billion set by the Ministry of Finance for this year, said Deputy Finance Minister Datuk Dr Awang Adek Husin.

He said the expectation is based on the country's economic performance which saw steady expansion last year and the IRB's approach which has boosted tax collection efficiency.

"The economic performance was better in 2010 and if it can be maintained in 2011,we expect revenue to increase this year," he told reporters after officiating the opening of the new IRB branch building in Petaling Jaya and the Taxpayers Month Programme.

He said the collection target set for this year is higher than that for 2010 (RM86.475 billion) and the previously highest recorded was RM90.650 billion in 2008.

Meanwhile, the IRB Chief Executive Officer Datuk Dr Mohd Shukor said the organisation has reorganised its strategies and enhanced the publicity efforts towards increasing the tax collection for this year.

Among the steps taken are to enhance enforcement and improve the taxpayers awareness campaign.

"We want them to know that this responsibility of paying tax is the responsibility towards developing the country," he added.

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