LHDN-late payment penalty on approved instalment plan

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asked on Jul 13, 2013 at 06:53
Since 2012 many tax payers (sole proprietors) who made their tax payment by way of instalment were being charged late payment penalty e.g 10% & 5%. When I summit my application for instalment payment of my tax payable 2012 today 12/7/13,I was told by the Tax office eventhough LHDN approved and allowed my application I will be penalied on late payment according to "Akta 1956" e.g 10% on the tax payable e.g. 10% x RM1,234,and after 90 days, 5% on amount payable for each months e.g. 5% x RM250 for 3 consecutive months.
Isn't it tru there is such AKTA ?
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2 Answers

answered on Aug 19, 2013 at 14:26
Present Tax Law is based on Akta Cukai Pendapatan 1967.
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answered on Jul 30, 2015 at 20:12
Yes. There is penalty of 10% and 5% for late paymentof income tax. The penalty is pursuant to S103 of the Income Tax Act 1967
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