RM20.27 Billion in Tax Refunds Paid to Malaysians and Businesses as at October 31

The government has paid RM20.271 billion in income tax refunds involving 3.65 million taxpayer cases as at October 31, 2026, Finance Minister II Datuk Seri Amir Hamzah Azizan told the Dewan Rakyat.

Of the total, RM6.84 billion was refunded to 3.4 million individual taxpayers, while RM13.036 billion went to 206,234 corporate taxpayers, including micro, small and medium enterprises. Amir said the government was prioritising refunds owed to individuals and smaller businesses as part of efforts to clear outstanding payments.

Tax Refund Backlog Falls by Almost Half Under Government’s Settlement Drive

Amir said the number of taxpayers with excess tax credits had dropped to approximately 550,000 as at October 31, compared with more than one million at the end of 2025. He reiterated the government’s commitment to settling all outstanding refunds promptly, describing the effort as part of broader improvements to tax administration and the protection of taxpayers’ rights.

The minister made the announcement during the Finance Ministry’s winding-up session on the Supply Bill at the committee stage. He also said the ministry’s 2027 operating expenditure allocation had increased to RM68.16 billion, compared with the revised RM61.5 billion allocation for 2026. The higher allocation reflects the government’s stated focus on easing living costs and supporting public well-being.

The government has paid RM20.27 billion in income tax refunds covering 3.65 million individual and corporate taxpayer cases.

#latestmalaysia