The IRB can be considered one of the most efficient government bodies in that it collects more money in taxes each year from citizens very effectively but can take years when they have to refund overpaid taxes.
You usually get a letter stating your tax credit for years ago but the letter also states it does not take into account your existing situation with respect to taxes. So that is why you are not getting any monies back.
It is really unfair. If they can fine you 10% if you are late in paying your tax they should also in all fairness pay you interest at least equal to the current fixed deposit rates for the years they hold on to your monies.
With the computerisation of the IRD I am sure the system should be able to calculate all your past years records up to the current year.
And blaming the upgrade exercise for the recent glitch is really lame. Didn't they pay some expensive consultant to stress test the system before the launch?
photo: Thanks to http://www.lostcircuits.com/motherboard/asus_p5a/p5a.gif
A concerned Malaysian writes about current affairs in Malaysia. If you like this site, please tell your relatives and friends. WE have the POWER TO CHANGE MALAYSIA. If you want to read earlier posts, please remove the "2" from this URL
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