KUALA LUMPUR: Only donors who contributed RM10,000 and above will be required to submit their details to the Inland Revenue Board of Malaysia (IRB), according to its new guidelines effective Sept 5.
The new guidelines, replacing the previous ones dated May 15, 2019, take into account the recommendation of the Finance Minister whereby only information of those who donated RM10,000 and above need to be provided to the IRB, instead of RM5,000 and above previously.
“Abide by the approval requirements. IRB would also like to advise all parties seeking approval under Subsection 44 (6) of the Income Tax Act 1967 to comply with all of the requirements set out in the guidelines.
“This is to prevent their approval status from being cancelled due to non-compliance of any requirements,” it said in a statement.
For more information, please visit the IRBM official portal at www.hasil.gov.my or call the Care Line at 1800-88-5436. -- Bernama