News & Events

Reducing Tax Filing Stress For SMEs

Petaling Jaya: Small and medium enterprises (SMEs) in the country can look forward to smoother communication channels with the Inland Revenue Board of Malaysia (HASiL) to facilitate the fulfilment of their income tax responsibilities.

This was concluded at a recent engagement session on 4 July 2022 between the CEO of HASiL, Datuk Mohd Nizom bin Sairi and the SME Association of Malaysia (SME Malaysia) to strengthen the collaborative relationship between both parties and develop education and tax awareness strategies suitable for SMEs.

In a post on his Facebook page, Mohd Nizom detailed that HASiL had sought pertinent views and feedback from SME Malaysia on streamlining the existing tax system, given that the SME sector was a contributor of national revenue. During the discussion, SME Malaysia National President Ding Hong Sing urged HASiL to establish a specific platform for SMEs to direct their taxation enquiries.

“Some of our members face complications with their tax computation and filing so we hope that HASiL can set up a dedicated e-mail channel for SMEs to seek assistance from HASiL officers,” Ding said. SME Malaysia Secretary-General Chin Chee Seong added, “We are appreciative that the CEO of HASiL has spent time listening to our input on enhancing the current tax system, noted the tax-related issues encountered by our members, and is open to accommodate direct communication channels to help SMEs in this regard.”

The engagement session ended with both sides expressing thanks and commitment towards closer cooperation in sustaining Malaysia’s socio-economic development. SME Malaysia was established in 1995 to providing support, services, and solutions to SMEs in Malaysia by promoting their best interests through advocacy and consultation with key Government ministries and various agencies on issues affecting SMEs.