PUTRAJAYA: The Inland Revenue Board (LHDN) is urging all taxpayers who have participated in the Special Voluntary Disclosure Programme (PKPS) 2.0 to make full payment according to the installment schedule set, on or before Dec 31.
In a statement on Thursday (Dec 19), LHDN said that failure to settle payments within the specified period may result in late penalties under Section 103 of the Income Tax Act 1967 or legal action in court.
