Malaysian Government So Rich It Rejects Tax-Payer's Declaration





Apr 25 2007
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I think I’ve been posting too many topics on stocks investings and option trading (though the money is good) that it might create an impression that FinanceTwitter is all about making money and nothing else. Of course “make money” is the top priority in people’s mind especially those who live in big city where everything costs more – from foods, entertainment, medical, parking, fuel etc. Somehow you can’t blame us for being so money-minded, can you? On another note, I might start posting some non-investing topics which may interest you. So send me comments if you like me to do so.

Anyway, I received an interesting email from one of the FinanceTwitter‘s readers who experienced a funny incident today. Just like United States, Malaysians are rushing to submit their income-tax forms (declaration of your annual income for the year 2006 (the deadline is said to be end of April) so that the government will determine if there’s any more money they can squeeze out from you). So this reader, like most Malaysian, drove all the way to her tax-office to submit her declaration. Guess what, the Malaysian Government is too rich because the officers from the Inland Revenue Department (IRD) refused to accept her submission.

She claimed that in previous years, the IRD will prepare a huge submission box in order for the public to drop their tax-declaration forms. This round tax-payers were instead turned down and was asked to try to send by post (Malaysia is notoriously known for missing letters send by snail-mail). WTF, I thought to myself. In other countries IRD is perhaps the most efficient and the most profitable agencies around. Their main task is to collect taxes and they serve with a smile. But I guess this is Malaysia, a strange and weird country where the attitude of the government servants will never fail to amuse you. Could this be the little-Napolean concept which Malaysian premier Badawi was refering to not so long ago?

She also mentioned about her tax-office being the building next to AEON Co. (M) Bhd’s (KLSE: AEON, stock-code 6599) Jaya Jusco Alpha Angle. The thing that made her mad was when she further asked about why there wasn’t any drop-box, the officer just stared at her and walked away without giving any explaination. This is great – what a third-world mentality the Malaysian government agency has. Maybe it’s true that the country is so damn rich that the contribution from tax-payers are not important. But why raised the fuel-price then? Did you face the same problem this reader experienced? Drop your comments.




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Comments

It really makes me wonder if the Malaysian government is capable of making the IDR project a reality.

Personally, I do think the civil servants should brush sharp their servicing skills.

Still remember this politician who said the following in the parliament?

“You tak suka, you keluar dari Malaysia!”

Enjoy the clip ladies and gentlemen ^_^ “Malaysia Boleh!”

http://www.youtube.com/watch?v=zBGQADED_Mw

It really makes me wonder if the Malaysian government is capable of making the IDR project a reality.Personally, I do think the civil servants should brush sharp their servicing skills.Still remember this politician who said the following in the parliament?”You tak suka, you keluar dari Malaysia!”Enjoy the clip ladies and gentlemen ^_^ “Malaysia Boleh!”http://www.youtube.com/watch?v=zBGQADED_Mw

with the implementation of self assessment system in Msia, you need to make payment urself without waiting form J from IRB. so, msia gov is smart. they r getting money faster .. regardless u submit ur return or not .. u still have to pay. otherwise, they can impose penalty.
so, who said msia gov is not asking tax payment from the public?

with the implementation of self assessment system in Msia, you need to make payment urself without waiting form J from IRB. so, msia gov is smart. they r getting money faster .. regardless u submit ur return or not .. u still have to pay. otherwise, they can impose penalty.so, who said msia gov is not asking tax payment from the public?

boon, whether IDR will succeed or remains as another white elephant will depends on how capable the team who is being entrusted to deliver the project … currently it’s a waiting game – everyone is waiting for someone to starts it first … ever wonder why robert kuok is not pumping a single cent yet to the project despite being the advisor?

ywt06, you’re right that the government has improve in terms of collection … when you’re desperate for money, you’ll automatically become efficient in collecting tax …

but if the IRD doesn’t want to accept tax declaration from the public doesn’t that shows they’re not interested if the tax-payers have under-pay? who knows, the tax-payers might declare other side-income which is taxable …

at least show some respect to the tax-payers the same way the government of other countries such as s’pore, u.s.a, canada etc did … furthermore it’s the taxpayers money that pay the government officers’ salary, isn’t it?

cheers …

boon, whether IDR will succeed or remains as another white elephant will depends on how capable the team who is being entrusted to deliver the project … currently it’s a waiting game – everyone is waiting for someone to starts it first … ever wonder why robert kuok is not pumping a single cent yet to the project despite being the advisor?ywt06, you’re right that the government has improve in terms of collection … when you’re desperate for money, you’ll automatically become efficient in collecting tax … but if the IRD doesn’t want to accept tax declaration from the public doesn’t that shows they’re not interested if the tax-payers have under-pay? who knows, the tax-payers might declare other side-income which is taxable … at least show some respect to the tax-payers the same way the government of other countries such as s’pore, u.s.a, canada etc did … furthermore it’s the taxpayers money that pay the government officers’ salary, isn’t it?cheers …

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