The Internal Revenue Commission (IRC) is reminding organizations of their responsibility to comply with tax laws and regulations to ensure a fair and transparent tax system after it was revealed that some employers are not accurately deducting salary and wages tax from employees under Section 299D of the Income Tax Act 1959. IRC Commissioner General Mr. Sam Koim said that employers must ensure that all benefits paid to their employees are appropriately accounted for and tax appropriately deducted. Failing to do so may result in serious consequences, including penalties and potential legal action. Recently, one mining company has been found not taxing the benefits provided to employees appropriately and has been issued with assessment and has been penalized. “Employers, we urge you to be diligent in your reporting practices and accurately disclose all salaries and benefits provided to your employees." "It is your duty to withhold the correct amount of taxes and submit them to the Internal Revenue Commission promptly,” said the Commissioner General. “To assist you in understanding and meeting your tax obligations, we recommend seeking professional advice or consulting the relevant tax guidelines on salary wages tax provided by the Internal Revenue Commission.” He further stated that tax evasion and non-compliance not only jeopardize the financial well-being of individuals and businesses, but also impact the economy as a whole. That is because the revenue collected from taxes plays a vital role in funding public services and infrastructure that benefit all citizens. “Let us all work together to maintain the integrity of our tax system and ensure a fair and just society for everyone.” “Remember, paying the correct amount of taxes is not only your legal obligation but also your contribution to the growth and development of our nation,” Mr. Koim added.