Over 60 audits conducted on GISBH, related parties - IRB
The Inland Revenue Board (IRB) has conducted over 60 audits on Global Ikhwan Services and Business Holdings (GISBH), its associated companies and related individuals for previous assessment years.
The IRB said that GISBH, along with the related companies and individuals, have been subjected to compounds and penalties for the audited assessment years.
“The taxpayers have...
The Inland Revenue Board (IRB) has conducted over 60 audits on Global Ikhwan Services and Business Holdings (GISBH), its associated companies and related individuals for previous assessment years.
The IRB said that GISBH, along with the related companies and individuals, have been subjected to compounds and penalties for the audited assessment years.
“The taxpayers have paid the fines and penalty imposed.
“Continuous monitoring of tax compliance by GISBH, as well as that of the related companies and individuals, is carried out in the same manner as for other taxpayers.
“No special treatment is given to them,” it said in a statement today.
According to IRB, Inspector-General of Police Razarudin Husain’s claim that GISBH had never paid the tax referred to the latest assessment year, which the tax agency is investigating in collaboration with the police.
The IRB said its cooperation with the police aimed to complete its probe based on new information and findings related to the taxation issue for the latest assessment year.
“Prosecution actions and penalties under the Income Tax Act 1967 will be taken for any violation of the relevant legal provisions,” the statement added.
The agency reaffirmed its commitment to combating tax non-compliance, ensuring fairness for all compliant taxpayers while avoiding leakage involving national revenue.
- Bernama
