Late filing of Income Tax Returns - New Penalty Rates
The Malaysian Inland Revenue Board, LHDN has issued a New Operational Guidelines on penalties under subsection 112 (3) of the Income Tax Act, 1967,
The following information is based on the New Operational Guidelines, GPHDN 5/2019, which is effective from 1 October 2019 which also revokes the earlier Operational Guidelines GPHDN 1/2015 dated 5 March 2015.
The Operational Guidelines 5/2019 is available on LHDN's website at the following link;
This article is based on the Operational Guidelines No.5/2019, issued on 16 October 2019 by LHDN. The article is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining the liability to tax in specific circumstances. No responsibility for loss to any person acting or refraining from acting as a result of any material in this publication can be accepted by GSK & Associates. Readers should not act on the basis of this publication without seeking professional advice.
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