274 Functions of the Board

Functions of the Board

IRBM act as an agent of the Government in the administration, assessment, collection and enforcement of payment of income tax, petroleum income tax, real property gains tax, estate duty, and stamp duties. It also serves as an advisor to the Government on matters relating to taxation and to liaise with the appropriate Ministries and statutory bodies on such matters. As there are cross border issues on tax, IRBM also participates in/or outside Malaysia in respect of matters relating to taxation. It has also, in its function, been conferred the duty to act as a collection agent for and on behalf of any body for the recovery of loans due for repayment to that body under any written law, if so required, by the Government.

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Functions of the Board Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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