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Prior to March 1996, known as the Department of Inland Revenue Malaysia (under the Ministry of Finance). Became a Statutory Board on the 1st of March, 1996. Generally speaking the Inland Revenue Board (IRB) is responsible for:
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- formulation of new tax policies for both the private and public sectors,
- tax collection; and
- compliance enforcement.
Functions of IRB:
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- Act as an agent of the Malaysian Government and to provide services in administering, assessing, collecting and enforcing payment of taxes under the IRB.
- Advice the Malaysian Government on matters relating to taxation and to liase with the appropriate Ministries and statutory bodies on such matters;
- Participate in or outside Malaysia in respect of matters relating to taxation;
- Perform such other functions as are conferred on the Board by any other written law;
- 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.
Taxes Under IRB:
- Income Tax Income
- Tax Act 1967
- Promotion of Investment Act 1986
- Labuan Offshore Business
- Activity Tax Act 1990
- Petroleum income tax
- Petroleum (Income Tax) Act 1967
- Real Property Gains
- Real Property Gains Tax 1976
- Estate Duties
- Estate Duty Ordinance
- Stamp Duties
- Stamp Act 1949
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