fbpx
Connect with us

News

M’sian Govt Has Lost RM2.5 Billion in Taxes to Fake Agents, Says Customs Dept

img_6748

Published

The-Government-Lost-Rm2-5-Billion-In-Taxes-To-Fake-Agents-Says-Customs-Department-World-Of-Buzz-3
Source: MMO

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

This is some pretty alarming stuff!

In a recent press conference in Sibu, Customs director-general Datuk Seri Subromaniam Tholasy stated that Malaysia reportedly lost a whopping RM2.5 billion in taxes in the past three years to unscrupulous shipping agents who use fake information in official documents in attempt to smuggle items.

According to The Star, about RM1.06 billion was lost on taxable items in 2017, with as much as RM731 million worth of items being smuggled into Malaysia.

The Government Lost Rm2.5 Billion In Taxes To Fake Agents, Says Customs Department - World Of Buzz

Source: mmo

As for 2015, customs reportedly seized RM416 million worth of goods, resulting in losses of RM635 million. In 2016, RM447 million worth of goods were seized and losses totalled to RM854 million.

“The three top smuggling hot spots are Port Klang, Bukit Kayu Hitam and Sibu,” he stated at the press conference yesterday (27th December).

“The main culprits are forwarding agents, shipping agents and freight forwarders. While the number of errant companies is small compared to the total number of companies licensed, their activities are backed by syndicates.”

The Government Lost Rm2.5 Billion In Taxes To Fake Agents, Says Customs Department - World Of Buzz 1

Source: the star

In efforts to reduce such losses from recurring, Datuk Seri Subromaniam stated that 20 forwarding agents that were allegedly involved in the illegal smuggling may have their licenses revoked next year, saying,

“They must bear responsibility. As forwarding agents, they should know who the importers are and what they are bringing into the country.”

“They should not just ‘wash their hands of the issue’ and claim they did not know the items imported in.”

Well, considering the alarming amount of losses in the past three years alone, let’s hope these measures help reduce the occurrence of illegal smuggling from fake agents!

 

Also read: Bank Negara Warns Malaysians to Beware of Fake Money Lenders

Malaysians Need To Beware Fake Money Lenders, Warns Bank Negara - World Of Buzz 2

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat-Image-Ganu-Dun-3 Feat-Image-Ganu-Dun-3
News2 months ago

Did You Know: The Terengganu Exco For Women’s Affairs is a Man & No Female Ever Held The Position

Despite women making up the majority of registered voters in Malaysia with 10,622,151 or 50.3% in the 15th General Election...

Collage-18-52 Collage-18-52
News2 months ago

SG Driver Smashes M’sian Driver’s Rear Window With Golf Club on Expressway, PDRM Investigates

Driving is sometimes about patience, especially when you encounter a situation that grinds your gears but there is never a...

Poop-On-Everest Poop-On-Everest
News2 months ago

Mount Everest Climbers Will Now Need to Buy Poo Bags & Bring Their Faeces Back When Descending

Scaling mountains means that an individual has limited things that they can bring and will be in nature for the...

Fireworks-Cannot-After-Midnight-1 Fireworks-Cannot-After-Midnight-1
News2 months ago

PDRM: Public Advised Not to Play With Fireworks After 12am or Risk Facing Action

As with all festivities, firecrackers are a hot item, and many love to play with them, especially at night. PDRM...

Collage-3-155 Collage-3-155
News2 months ago

KTMB Introduces Open Payment System at 80 Stations via Apple Pay, Debit Cards & More!

Keretapi Tanah Melayu Berhad (KTMB) Komuter is gearing up to introduce support for the open payment system across 80 stations...

My-Post-1-2024-02-09T151501-148 My-Post-1-2024-02-09T151501-148
News2 months ago

This M’sian-Owned London Megastructure Has Been Named Among World’s Best Cultural Spots!

National Geographic recently released its newly expanded Best of the World 2024 guide that shares superlative experiences, hotels, restaurants, and...

Collage-1594 Collage-1594
News2 months ago

Cheras Man Bags Nearly RM11 Million Jackpot for Magnum 4D With Lucky Numbers 7474 & 3964

You’ll never know what luck awaits you and if it’s yours, it’ll be yours no matter where you go. A...

My-Post-1-2024-02-09T124559-609 My-Post-1-2024-02-09T124559-609
News2 months ago

Pet Dog in Penang Dies After an Alleged Drunk Person Slashed it Because it Apparently Bit Them

Disclaimer: Graphic content. Viewer discretion is advised. Being a dog owner can be a tricky situation. You have to train...

Announcement

Latest Videos



TRENDING TODAY