Conducted in December 2025, the survey found that 42.3% of respondents reported having overpaid corporate income tax. Although the Inland Revenue Board (IRB) stipulates under its client charter that tax refunds should be processed within 30 working days after submission, delays in corporate income tax refunds remain widespread. However, if we consider the government’s projected income tax revenue for 2025 of RM177.1bil, the RM4bil allocation accounts for only 2.3% of the total. According to statements issued by the IRB, a total of RM22.45bil in tax refunds was processed in 2025, involving 3.6 million taxpayers. That said, businesses themselves must also act responsibly when submitting their estimates, ensuring that accurate bank account details are provided to avoid refund delays.

Source: The Star February 02, 2026 06:56 UTC