KUALA LUMPUR, Dec. 30 -- The federal government can tap into the RM2.1 trillion local bond market to source more than RM20 billion for part-payment of outstanding excess tax refunds, says DAP MP for Bagan Lim Guan Eng.

In a statement today, Lim highlighted that excess tax refunds have not been paid to companies for over five years, following the takeover of the PN government in 2020.

The total outstanding balance owed amounts to tens of billions of ringgit.

"The federal government has no moral, ethical or legal right to withhold refunds of excess taxes paid, which belong to Malaysian companies, not the government," Lim said.

He added that a part-payment of RM20 billion in January 2026 would stimulate the local economy, improve cash fl...