IRB extends special penalty rate

nternet celebrities and other individuals - including minors - who earn income from paid reviews, brand endorsements and businesses conducted via the social media are subject to income tax.

PETALING JAYA: The special reduced penalty rate for taxpayers to disclose any previously undeclared income has been extended until June 30.

Finance Minister Lim Guan Eng said the Cabinet had agreed to the extension following overwhelming response from taxpayers who made their voluntary declaration under the Special Voluntary Decla­ration Programme (SVDP).