Summary of Changes - Operational Guideline No.5 Year 2019

eKTP 130

Operational Guideline No.5.png

Effective from 1 October 2019, the operational guideline No. 1/2015 is superseded by operational guideline No. 5/2019. Summarized as below:                                

Operational Guideline No 1/2015 – Before       

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Operational Guideline No 5/2019 – After                                                

Operational guideline - After.jpg

Additional Penalty

a) Failure to inform IRB on the change on accounting period

  • Effective from YA2019, IRB may impose penalty under subsection 112(3) ITA 1967 on late or failure to inform LHDN on change on accounting period,

  • The penalty will be imposed on the delay period based on the previous accounting period even though the tax return has submitted based on the new accounting period.

b) Penalty rate for failure to submit the Income Tax Return Form (ITRF)

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Sources

  • Operational Guideline No 5/2019

  • Operational Guideline No 1/2015

For more information, you may contact nearest SSM’s office or call 03-77214000 or email to enquiry@ssm.com.my

Please refer to the following link for details and full FAQ:
https://www.mydata-ssm.com.my/FAQ_12_Digit_(English).pdf

 
Elly Ong