IRB offers to Waive Tax Increase for settlement of tax in arrears

eKTP 10

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Waive Tax Increase


Relevant Income Tax Section : S103, S107B(3), S107B(4), S107C(9) and S107C(10) of Income Tax Act 1967

Relevant Withholding Tax Section : S107A(2), S109(2), S109B(2), S109D(3), S109E(4), S109F(2) and S109G(2) of Income Tax Act 1967
 

Eligibility

  • Has outstanding tax, or

  • Fail to remit withholding tax with increase, or

  • Balance amount consist not only tax increase, or

  • Taxpayers who have been granted offer but fail to settle payment.

  • Court has not ordered to wind up or bankrupt.

Implementation Method

  • Settle all outstanding tax before 15 December 2016.

  • One off settlement or Installments with even amount.

  • If under civil suit case, subject to full payment of court fee and interest.

  • It is waived upon full settlement of outstanding tax.

  • Only tax increase stated in relevant section will be waived.

  • Total 11 examples in the guide. 1st to 6th sample relevant to Income Tax. 7th and 8th sample relevant to RPGT. 9th to 11th sample relevant to withholding tax.

 
Darren Yap