KUALA LUMPUR, Feb 12 (Bernama) -- The government has disbursed compensation payments totalling RM11.8 million for delays in excess tax refunds for this year up to Feb 11, 2026.
Deputy Finance Minister Liew Chin Tong said a total of RM23.6 million in compensation payments have been made for the year 2025.
“The government always complies and will pay compensation of two per cent per year for any late tax refunds as stipulated under Section 111D of the Income Tax Act 1967,” he said during the Special Chamber session at the Dewan Rakyat today.
He was replying to a question from Datuk Seri Wee Ka Siong (BN-Ayer Hitam) about the government’s target to fully settle the remaining excess tax refunds of small and medium enterprises in 2026, as well as the mechanism to prevent the accumulation of new arrears in the future.
Liew said that as a trustworthy government, the commitment to pay compensation will be honoured and is non-negotiable.
-- BERNAMA
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