KUALA LUMPUR – Taxpayers are allowed to defer their penalty payments provided they continue to pay the principal amount for 2022, among other terms.
The Inland Revenue Board said the offer applies to penalties incurred under the Income Tax Act 1967, Real Property Gains Tax Act 1976, and Stamp Act 1949.
In a statement today, IRB said the consideration to reschedule tax payment is applicable to those who have lost their source of income or face issues settling arrears as a result of the implementation of the movement control order.
It added that appeals against penalties imposed will be given on a case-by-case basis if the taxpayer has valid reasons.
The deferment under the Pemerkasa Plus programme aims to ease the burden of taxpayers in settling arrears and penalties.
“Taxpayers who are not affected are to continue paying their taxes as required by law. Those who wish to apply for the deferment can contact the IRB branch office that handles their income tax files,” IRB said.
IRB also prepared a list of frequently asked questions (FAQs) related to taxation matters, which includes issues of submission of income tax return forms and payment of income tax during MCO 3.0.
The public can access the FAQs here. – The Vibes, June 3, 2021
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