Inland Revenue Board of Malaysia Act 1995 · Updated to 15 Jan 2024 · Part V · Financial Provisions
27. Bank accounts and application of revenue
Feedback & supportThe Board shall open and maintain an account or accounts with such bank or banks as the Board thinks fit; and every such account shall be operated upon as far as practicable by cheque signed by such person or persons as may, from time to time, be authorized by the
Board
“Board” means the Inland Revenue Board of Malaysia established under section 3;
Board.
The moneys of the Board shall be applied only in payment of discharge of the expenses, obligations and liabilities of the Board and in making any payment that the Board is authorized or required to make.
liabilities
“liabilities” means liabilities, debts, charges, duties and obligations of every description whether present or future, actual or contingent, and whether payable or to be observed or performed in Malaysia or elsewhere;