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IRB: Task force set up to probe 'unexplained wealth'

IRB: Task force set up to probe 'unexplained wealth'

The Edge Financial Daily


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The Inland Revenue Board (IRB) has formed a task force to scrutinise and investigate unexplained extraordinary
wealth, such as luxury goods, jewellery, handbags and property possessed by individuals.

IRB chief executive officer Dato’ Sri Sabin Samitah said the task force was set up last September.

“We have a task force looking at this group of taxpayers who have accumulated assets, but when we check their [tax] returns, they have not declared these assets,” he told a press conference held in conjunction with audit firm KPMG Malaysia’s dialogue with the IRB.

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