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Customs targets to collect RM60.96 billion in revenue this year

Posted on : 06 Feb 2018  Source of News: borneo post online
 

Subromaniam (second left) shakes hands with Abang Johari at the launch of the 83rd Malaysian Customs Directors Meeting. Also seen are Zulkifli (right) and Paddy (left). — Photo by Chimon Upon

KUCHING: The Royal Malaysian Customs Department (Customs) is targeting to collect RM60.96 billion in revenue this year, an increase of four per cent over the amount collected last year.

Last year, the department managed to collect a total revenue of RM58.82 billion, said its director-general Datuk Seri Subromaniam Tholasy.

Out of this figure, he said around RM44.03 billion or 75 per cent of the revenue was collected through Goods and Services Tax (GST).

“Much like in other countries all over the world, tax is a crucial element and with an efficient and orderly tax collection system, the country will be able to generate a high and stable revenue.

“We are confident that through our high commitment and strong fighting spirit, Customs is capable to reach its target this year,” he said at the launch of the 83rd Malaysian Customs Directors Meeting which was officiated by Chief Minister Datuk Patinggi Abang Johari Tun Openg at a leading hotel here yesterday.

Subromaniam also noted that at state level, Customs had intensified efforts to enhance security and prevent smuggling activities from becoming widespread.

“Throughout 2017, the state Customs Enforcement Division successfully seized various smuggled goods including

cigarettes, alcohol, firecrackers and fireworks worth more than RM20 million which involved tax amounting to more than RM53 million.

“This proactive effort by the Customs has resulted in an increase in the total seizure value of 267 per cent compared to 2016,” he said.