Malaysiakini
NEWS

Guan Eng rebuts MCA's claim of taking credit over BN's achievements

Published
Modified 21 Jan 2019, 7:54 am

Finance Minister Lim Guan Eng has rebutted MCA president Wee Ka Siong's claim that he was trying to take credit for BN's achievement after attributing the record high tax collection for 2018 to Pakatan Harapan's strategies.

Lim did not name Wee, but noted claims disputing Harapan's role in the record tax collection of RM137.035 billion by the Inland Revenue Board (IRB) in 2018.

Wee had said the tax collection was normally based on the preceding year, which meant that the 2018 figure was based on income generated in 2017, when BN was in power.

However, Lim in a statement today said the country has been using the current year tax assessment system since 2000.

"The increase in collection of RM13.72 billion or 11.13 percent last year, was based on the assessment and economic development of the same year.

"It is not based on the economic assessment in 2017 as claimed by some. Instead, it reflects the economic strengthening and expansion based on the government's principles of competence, accountability and transparency."

Lim said with regard to revenue generated from the Sales and Services Tax, the Royal Malaysian Customs' collection of RM5.4 billion from Sept 1 last year until the conclusion of the year was 34 percent higher than projected.

"This increase is due to the government's efforts, especially in helping businesses to gain an understanding through nationwide engagement," he said.

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.