100% penalty from next year for income tax dodgers


  • Nation
  • Wednesday, 12 Apr 2017

KUALA LUMPUR: Beginning Jan 1 next year, the Inland Revenue Board (IRB) will impose a 100% penalty on the tax of individuals and companies dodging payment or filing incorrect income tax returns.

IRB chief executive officer Datuk Sabin Samitah said it would impose the maximum penalty, compared with the 45% penalty currently imposed on offenders.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Sg Bakap polls: Umno's entire election machinery to support unity govt candidate
Man surrenders to cops, confesses to murdering wife in Batu Gajah
180,000 commercial vehicles yet to register for diesel subsidies, says deputy minister
The Bendahari receives RM60,000 for Praya Lane cultural preservation project
Laundry business busted by ministry for using LPG without permit in Johor
Man arrested after attempt to bribe cops RM18,000 fails in Johor
Appeals Court orders Chef Wan to pay RM150,000 in damages to ex-son-in-law for defamation
Sg Bakap polls: EC issues advisory to potential candidates
Science, Technology and Innovation Ministry becomes full signatory of Seoul Accord
Malaysia and China agree to resolve South China Sea disputes by peaceful means, international law

Others Also Read