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Author: savemalaysia   |   Latest post: Tue, 19 Feb 2019, 10:59 AM


Guan Eng: Putrajaya in process of paying GST, income tax refunds

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PUTRAJAYA, Jan 18 ― The government is now in the process of repaying the tax refund arrears amounting to RM37 billion, said Finance Minister Lim Guan Eng.  

He said the arrears, comprising RM18 billion for income tax and RM19 billion for the Goods and Services Tax based on the estimation made in the 2019 Budget, would be paid in stages within 10 months. 

"We are going to begin the process of refunds, but it not going to be refunded at one go, that will be a really lumpy figure,” he said in a press conference on the appointments of the joint lead arrangers for the Samurai Bond here today.

“We not paying yet but we intend to do so over 10 months of the year,” he said, adding it was not advisable for the government to pay the arrears at one go.

“If we release (the refunds) at one go, I don’t think it is advisable and our banker will say, why don’t you spread out so that you can get the full impact of multipier effects and boost the local economy,” he added. ― Bernama



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VenFx Good job
18/01/2019 20:48
supersaiyan3 No, no, no. You are breaking the law over and over again. The law said 14 days, now becomes almost two years.
19/01/2019 00:36
stockraider When no monies how, the amount we are talking is very substantial exceeding rm 30 billion loh ??

No choice loh....i m impressed the govt give priority in refunding gst and income tax despite this issue has been created by the previous bn govt mah...!!
19/01/2019 15:14


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