IRB Investigates RM500 Million Tax Evasion Linked to Illegal E-Waste Operations
6/19/20251 min read
The Inland Revenue Board (IRB) is investigating 57 premises suspected of evading up to RM500 million in taxes through illegal e-waste processing. Preliminary findings suggest some sites are operated by the same owner and received payments for both accepting e-waste and selling extracted metals. The IRB, part of a joint operation called Op Hazard 2.0, will examine the financial records for underreported or undeclared income. Authorities believe the processed materials were exported, generating large profits. The IRB will continue supporting future enforcement efforts against illegal activities impacting national revenue.
Kindly subscribe to our newsletter for extensive news and information, and enjoy lifetime free business advisory. Schedule an appointment with our consultant today.