KUALA LUMPUR, Nov 3 — A total of RM20.271 billion in income tax refunds involving 3.65 million taxpayer cases had been paid as at Oct 31, 2026.

Finance Minister II Datuk Seri Amir Hamzah Azizan said of the total, RM6.84 billion had been refunded to 3.4 million individual taxpayers, while RM13.036 billion had been refunded to 206,234 corporate taxpayers, including micro, small and medium enterprises (MSMEs).

“In carrying out the refunds, the government prioritises excess tax refunds to individuals as well as MSMEs,” he said during the winding-up session of the Supply Bill at the committee stage for the Ministry of Finance (MoF) in the Dewan Rakyat today.

Amir Hamzah also said that, in line with this approach, the number of taxpayers with excess tax credits had been reduced by almost half to about 550,000 as at Oct 31, 2026, compared with more than one million as at Dec 31, 2025.