IRB to hunt Covid-19 ‘winners’, say tax experts 


Khoo Gek San

Glove makers and manufacturers of masks and personal protective equipment are sectors expected to continue performing well in 2021. – EPA pic, December 9, 2020.

THE Inland Revenue Board (IRB) will pursue industries and individuals who profited during the pandemic to fill government coffers amid more spending on stimulus and mitigation measures, said tax experts.

With more unemployment because of the pandemic and more welfare and aid payouts, the IRB is likely to step up inspections of businesses involved in medical products, digital technology, logistics and insurance, which are enjoying a boom in the Covid-19-stricken economy. 


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