RM14.55bil income tax refunds settled this year, says deputy minister
The Inland Revenue Board (LHDN) has completed tax refund payments amounting to RM14.55 billion, involving 3.47 million cases, as of Nov 30, says deputy finance minister Lim Hui Ying.
Lim said the amount represents a 17.5% increase compared with RM12.39 billion in tax refunds, involving 2.71 million cases, recorded last year.
“Of the 3.47 million cases refunded this year, 3.34 million cases have been fully settled, with total refunds amounting to RM13.32 billion,” she said when winding up the debate on the Finance Bill 2025 at the Dewan Negara today, Bernama reported.
Lim said LHDN had formulated strategies to ensure refunds were made in an orderly manner, with priority given to older cases.
She said LHDN’s strategies included paying tax refunds first and conducting audits…
