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The Inland Revenue Board (IRB)

Posted by snowie , Friday, April 23, 2010 4:04 PM

Prior to March 1996, known as the Department of Inland Revenue Malaysia which under the Ministry of Finance. Also, it became a Statutory Board on the 1st March, 1996.Generally, the Inland Revenue Board Malaysia (IRB) act as an agent to provide services in assessing, administering, collecting and enforcing the payment of income tax and other taxes that are under the board’s jurisdiction. In addition, the Inland Revenue was, until April 2005, a department of British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, corporation, tax, inheritance tax, estate duties, stamp duties and real property gains tax. Recently, the Inland Revenue also administered the Tax Credits schemes, such as Working Tax Credit (WTC) and Child Tax Credit (CTC), are paid by the Government into a recipient’s bank account or as part of their wages. Also the Inland Revenue was also responsible for the payment of child benefit.

Functions of the Board:

(a)To act as agent of the Government and to provide services in administering, assessing, collecting and enforcing payment of income tax, petroleum income tax, real property gains tax, estate duty, stamp duties and such other taxes as may be agreed between the Government and the Board

(b)To advice the Government on matters relating to taxation and to liaise with the appropriate Ministries and statutory bodies on such matters

(c)To participate in or outside Malaysia in respect of matters relating to taxation

(d)To perform such other functions as are conferred on the Board by any other written law

(e)May act as a collection agent for and or behalf of any body for the recovery of loans due for repayment to that body under any written law


Powers of the Board:

(a)To enter into contracts

(b)To utilise all property of the Board, movable and immovable, in such manner as the Board may think expedient including the raising of loans by mortgaging such property

(c)To engage in any activity, either alone or in conjunction with other organisations or international agencies, to promote better understanding of taxation

(d)To provide technical advice or assistance, including training facilities, to tax authorities of other countries

(e)To impose fees or charges for services rendered by the Board

(f)To grant loans to employees of the Board for any purpose specifically approved by the Board

(g)To provide recreational facilities and promote recreational activities for, and activities conducive to, the welfare of employees of the Board

(h)To provide training for employees of the Board and to award scholarships or otherwise pay for such training

(i)To do anything incidental to any of its powers