IRBM CALLS FOR TAXPAYERS TO IMPROVE TAX ESTIMATION AND EMBRACE E-ANSURAN AT THE MALAYSIAN TAX CONFERENCE 2025

Datuk Dr Abu Tariq Jamaluddin, Chief Executive Officer, Inland Revenue Board of Malaysia

KUALA LUMPUR, April 14 (Bernama) -- The Malaysian Institute of Accountants (MIA) and the Malaysian Association of Tax Accountants (M.A.T.A) co-organised the Malaysian Tax Conference 2025 with the theme of TRANSFORMING TAX, FOSTERING GROWTH today at the Kuala Lumpur Convention Centre (KLCC).

In his keynote address, guest of honour Datuk Dr Abu Tariq Jamaluddin, Chief Executive Officer (CEO), Inland Revenue Board of Malaysia (IRBM), highlighted two key initiatives aimed at facilitating and easing the compliance burden on taxpayers.

ADAPT TAX ESTIMATION APPROACH, UTILISE REVISION WINDOWS

He praised compliant taxpayers for their diligent contribution to revenue and commended tax agents and managers for helping businesses to fulfil their responsibilities as taxpayers. Approximately 86% of corporate income tax was collected through monthly CP204 instalments, with 90% of companies paying on time.

Nevertheless, Datuk Dr Abu Tariq noted a high volume of tax refunds, which indicates tax estimation inaccuracies. To address this, he urged companies to “estimate their taxes based on forecasted business performance and to ensure that they are not relying solely on prior years’ tax estimation figures.”

“Businesses are dynamic and tax estimations must adapt accordingly. Accurate forecasting enhances cash flow management and reduces refund processing delays. The new option to revise estimates in the 11th month, in addition to the 6th and 9th months, offers better flexibility and accuracy. We recommend companies to fully utilise the revision windows,” he advised.

E-ANSURAN – EASING TAX COMPLIANCE

Datuk Dr. Abu Tariq reiterated in his keynote address that IRBM’s role is not only to “uphold the law but to make it easier for people to do the right thing.” This includes expanding digital and self-service options for taxpayers, including greater payment flexibility to support taxpayers - especially business owners - in navigating real-world challenges such as unforeseen costs or temporary cash flow issues.

To further enable payment flexibility, IRBM introduced e-Ansuran on 5 March 2025, a new and fully online instalment application service accessible through the MyTax Portal. While instalment options have been available in the past, e-Ansuran marks a major step forward as taxpayers can now make tax instalment payments from home or office, without the hassle of visiting a tax office or submitting documents.

“We understand that paying a lump sum can be overwhelming, especially when you are juggling business commitments or facing unexpected expenses. With e-Ansuran, taxpayers can split their payments into two to six instalments, so long as the total amount is above RM300. The process is automatic, no supporting documents needed, no delays,” said Datuk Dr Abu Tariq.

“This flexibility gives people room to manage their finances more effectively while still meeting their tax obligations. It also helps them avoid penalties or legal action down the line. We believe that initiatives like e-Ansuran won’t just reduce the burden on taxpayers, they will also lead to better long term compliance,” stated Datuk Dr. Abu Tariq.

Earlier Dato’ Seri Dr Mohamad Zabidi Ahmad, President, MIA, in his welcome remarks said that MIA hopes to inspire tax professionals to support Malaysia’s economic progress and sustainability initiatives in line with the Madani Economic Framework for sustainable growth.

As the regulator and developer of the profession, MIA is committed to working with IRBM and other stakeholders to build expertise in taxation and sustainability and other core areas, therefore helping to drive Malaysia’s development.

NOTE TO EDITOR:

About the Malaysian Institute of Accountants (MIA)

Established under the Accountants Act 1967, MIA is the national accountancy body that regulate, develops, supports and enhances the integrity, status and interests of the profession in Malaysia. MIA accords the Chartered Accountant Malaysia or “C.A. (M)” designation. Working closely alongside businesses, MIA connects its membership to a wide range of information resources, events, professional development and networking opportunities. Presently, there are more than 40,000 members making their strides in businesses across all industries in Malaysia and around the world.

MIA’s international outlook and connections are reflected in its membership of regional and international professional organisations such as the International Federation of Accountants (IFAC) and the ASEAN Federation of Accountants (AFA).

For more information on MIA, visit www.mia.org.my

SOURCE: Malaysian Institute of Accountants (MIA)

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--BERNAMA