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 Income tax penalty and extra payment

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edyek
post Dec 21 2010, 05:35 PM

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3,820 posts

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From: Land of the Hornbills & Land Below the Wind


Earning RM 100k is small peanuts. If you don't find someone professional to help you out (e.g. accountant) chances you will again kena penalty.

Small fish like you are those favourite victims of LHDN. So just pay.

Btw, since it is your first time, SO PAY first (because you don't know the tax game well). Then for the 2nd time you earn RM 100k, you are ready to do some "adjusting" to your tax.
edyek
post Dec 22 2010, 09:25 AM

Business Rating :
*******
Senior Member
3,820 posts

Joined: Jan 2009
From: Land of the Hornbills & Land Below the Wind


QUOTE(ghoss @ Dec 22 2010, 07:17 AM)
Just a side question ,  what happened if you submit more than you earn aka money laundering ?

They will check you also ?
*
They will ask you where you got those money. If you cannot proof it, then you will kena investigation and if found guilty of laundering, penalty + court.

 

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