Preview & Introduction
Lately Inland Revenue Board [“IRB”] sent out totalled 8 millions emails and letters, mostly targeted at companies, encouraging the tax payers to come forward, come clean under this Special Voluntary Disclosure Programme (TAX AMNESTY).
Time & Location
28 Feb, 9:00 am – 1:00 pm
AdrianYeo Tax Sdn Bhd, 63b, Jalan SS 25/2, Taman Bukit Emas, Petaling Jaya, Selangor, Malaysia
About The Event
IRB has set a target of 1 million tax payers to come forward to voluntary declare their previously under reported income with modest tax collection of RM10 billion.
IS IGNORANCE BLISS?
Running from IRB is just like running away from our creditor with our hand phone. Mind you, we can be trailed, IRB has big data and informants from 103 tax authorities. 98% of all taxpayers is not concerned about this one off, best offer which will be expiring on 31st March 2019. Ignore this window at your own risk!
TAX PENALTY DISCOUNT, SPECIAL OFFER
The current tax penalty rate for under declaration of income is at 45%. The special tax amnesty programme is as follows:-
- 10% penalties, declare by 31st March 209
- 15% penalties, declare between 1st April 2019 to 30th June 2019
- From 1st July 2019 onwards hefty tax penalty rates ranging from 80% to 300% shall be imposed on tax defaulters.
WHO IS CONCERN?
YOUR COMPANIES or YOU & YOUR FAMILY?
The crafty, the reluctant, the naughty and the delinquent tax payers, both on individuals & Sdn Bhd.
The rich with substantial financial assets & properties in Malaysia & overseas, may not be sleeping soundly.
A narrow window of opportunity for the well to do to restart on a clean slate. The choice is yours, opportunity for a more holistic “financial wellness” effective 1st April 2019, which is not April Fool!
ALERTED TAX PRACTITIONER
May be you can come and find out more from the ALERTED Chartered Tax Practitioner, AdrianYeo Tax who had received hundreds of letters for their tax clients from IRB over the past 1 month.
For more info, please contact us at 03-7802 3333 or email us at [email protected]