Show me the key IRB tax penalty for Sdn Bhd
𝐒𝐡𝐨𝐰 𝐦𝐞 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐈𝐑𝐁 𝐭𝐚𝐱 𝐩𝐞𝐧𝐚𝐥𝐭𝐲
㊙️𝐅𝐚𝐢𝐥𝐮𝐫𝐞 𝐭𝐨 𝐬𝐮𝐛𝐦𝐢𝐭 𝐚 𝐭𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧 𝐅𝐨𝐫𝐦 𝐂 -
Range from 20% to 35% of the tax payable for late filing of tax returns.
㊙️𝐅𝐚𝐢𝐥𝐮𝐫𝐞 𝐭𝐨 𝐟𝐮𝐫𝐧𝐢𝐬𝐡 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐨𝐟 𝐭𝐚𝐱 𝐩𝐚𝐲𝐚𝐛𝐥𝐞 𝐛𝐲 𝐂𝐏𝟐𝟎𝟒
Estimate of tax S120(1)(f)
- RM200 to RM20,000
- Imprisonment for a term not exceeding 6 months / Both
㊙️𝐋𝐚𝐭𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐩𝐞𝐧𝐚𝐥𝐭𝐲
- 10% shall be imposed on the amount unpaid without any further notice
㊙️𝐅𝐚𝐢𝐥𝐮𝐫𝐞 𝐭𝐨 𝐍𝐨𝐭𝐢𝐟𝐲 𝐂𝐡𝐚𝐧𝐠𝐞 𝐢𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐞𝐫𝐢𝐨𝐝 𝐛𝐲 𝐂𝐏𝟐𝟎𝟒𝐁 S120(1)(i)
Accounting period is shortened after the change of accounting period - 30days before the date of commencement of the new accounting period
Accounting period is lengthened after the change of accounting period - 30days before the date of closing of the original accounting period.
- RM200 to RM20,000
- Imprisonment for a term not exceeding 6 months / Both
㊙️𝐅𝐚𝐢𝐥𝐮𝐫𝐞 (𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐫𝐞𝐚𝐬𝐨𝐧𝐚𝐛𝐥𝐞 𝐞𝐱𝐜𝐮𝐬𝐞) 𝐭𝐨 𝐠𝐢𝐯𝐞 𝐧𝐨𝐭𝐢𝐜𝐞 𝐨𝐧 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐨𝐟 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐰𝐢𝐭𝐡𝐢𝐧 𝟑 𝐦𝐨𝐧𝐭𝐡𝐬 - S120(1)
- RM200 to RM20,000
- Imprisonment for a term not exceeding 6 months / Both
#ktp
#thk
#taxpenalty
#taxpenaltysdnbhd
#irb
#tax
This message was brought to you by KTP
Archive
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- November 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016