The Inland Revenue Board (IRB) will refund overpaid tax within 30 days if taxpayers submit their returns via e-filing. If the returns are filed manually, the refund will be made within 90 days.
This is what IRB committed to, IRB chief executive officer Datuk Hasmah Abdullah said.
This will add up to cost savings for the business community. IRB allows allow taxpayers who facing cash flow problem to pay taxes through instalments.