Car accessories company owner fined RM37,000 over tax issues


  • Nation
  • Thursday, 05 Oct 2017

KUALA LUMPUR: A car accessories and spare parts company owner was fined RM37,000 by a magistrate's court here for six counts of failing to keep his company's business records as required by the Inland Revenue Department (IRD).

Powertech Cash & Carry owner Tang Siew Meng, 47, was fined after he pleaded guilty to the charge before magistrate Zuhair Rosli on Thursday.

Tang was also ordered to be jailed 12 months if he failed to pay the fine. He, however, paid the fine.

He was charged with failing to keep records pertaining to the company's income or losses including sales ledger, general ledger, payment voucher and receipt of acceptance, between 2010 and 2015 tax assessment to the IRD chief.

Earlier in mitigation, Tang said he was the sole breadwinner of his family and hoped that the court would give him a lighter sentence.

IRD prosecuting officer Mohd Shafuddin Hasan said the offence committed was serious one as there were elements to avoid tax.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Hawana 2024 draws to a close, PM to officiate highlight event today
‘Fast track approvals for Chinese firms’
Motorcyclists voice their frustration over longer delays at checkpoints
Not worth the hassle of being hauled up by LHDN
Review child justice system, urge experts
More events needed to promote diverse cultures
Chinese nationals who came, saw and conquered BM
More influencers declaring taxes
CULTIVATING RESILIENCE AMONG MICRO-ENTREPRENEURS
Zooming in on surgeon shortage

Others Also Read