IRB expects some 50,000 participants in tax disclosure programme

SOME 50,000 new and existing taxpayers with a total assessment value of RM1 billion are expected to participate in the Inland Revenue Board’s (IRB) Special Voluntary Disclosure Programme beginning June 1 until May 2024.

Deputy Finance Minister Ahmad Maslan said the programme, which was first implemented in 2019, will be reintroduced to encourage taxpayers to voluntarily file their income statements without being penalised, or be penalised at a 0% rate.

Greta Thunberg and Sami activists protest ‘illegal’ wind turbines in Norway

CLIMATE activist Greta Thunberg and dozens of Sami activists blocked the entrance to Norway’s energy ministry today to protest against wind turbines still in place on reindeer herding land despite a court ruling.  

“We can’t use the so-called climate transition as a cover for colonialism,” Thunberg told broadcaster TV2 as she blocked the doors of the ministry in Oslo.  

Pharmaniaga now a PN17 company

GOVERNMENT-linked pharmaceutical company Pharmaniaga Bhd has been issued the Practice Note 17 (PN17) after it was labelled financially distressed on Bursa Malaysia.

Its directors said the PN17 was triggered in the company’s audited consolidated financial statements for the period until December 31, 2022.

EPF issues hotly debated in Dewan Rakyat

AS the current parliament sitting enters its third week, the Employees Provident Fund (EPF) continues to be a hot topic for debate among MPs.

During the Supply Bill 2023 debate today, Lim Guan Eng (Bagan-PH) expressed concern about the median EPF contributor’s savings dropping from RM16,000 in the year before the Covid-19 pandemic to RM8,100 in 2022.

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