Posted in Chinese 中文, English 英文, Legacy & Estate Planning 遗产管理

Malaysia Estate Planning – Tax

There are only two things certain in life: death and tax.

In the recent news, the Inland Revenue Board (IRB) says that they are empowered under the law (Section 64 & Section 102) to collect outstanding tax even after someone has died and they have the right to claim outstanding tax from the rightful next-of-kin.

In another news as reported by Sin Chew, IRB has revealed that there are about RM1.7b unpaid taxes owed by the deceased to IRB.

https://www.malaysiakini.com/news/390184 (English)

http://www.sinchew.com.my/node/1668840 (Mandarin)

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