" What’s the penalty for late income tax payment?
If you failed to make the full payment after April 30 following the year of assessment, you will be charged a late payment penalty of 10% on the balance of tax not paid.
If the tax and penalty imposed is not paid within 60 days from the date the penalty is imposed, a further penalty of 5% will be imposed on the amount still owing.
Here’s an example:
Balance of tax not paid after April 30: RM 700
First late penalty (10%): RM 70
Total tax payable: RM 770
If the above is still not paid after 60 days, you will be charged another 5% on the RM770, making your total tax payable come up to RM 808.50."

https://wealthmasteryacademy.com/malaysia-p...tax-guide-2017/

(i am just not sure what that statement "following the year of assessment" mean....)

just to share....may not be applicable to you....
a friend of mine, making products
has a customer in the US....

all through email
US: Please quote these
MY: OK...these are the quotes
US: OK......this is the PO (Printable one)

MY: today we make a shipment to you
(attached, invoice, DO and airwaybill)

No chop sign of document or returns of any document

US: We will bank in this amount to you
(attached is the payment details)

Usually, a malaysian worker would have apart of salary portion, most would have annual bonus, some would also have allowances and extra perks, etc, etc

thus to determine if one is taxable or not...it is best be stated as annual income instead of salary per month

Am I taxable?
..............
with effect year 2015 an individual who earns an annual employment income of RM34,000 (after EPF deduction) has to register a tax file.

If the employee is eligible for STD deduction, he is advised to register an income tax file before STD is implemented.

What should I do if my income is taxable?
Application to register an income tax reference number can be made at the nearest IRBM branch.

Documents Required For Registration
* A copy of the latest Salary Statement (EA/EC Form) or latest Salary Slip
* A copy of Identification card (IC) / police IC / army IC / international passport
* A copy of marriage certificate (if applicable)

You can also register an Income Tax reference number via e-Daftar

http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=2&bt_lgv=2

so ask,....
does your total annual employment income for that year amount to RM34,000 (after EPF deduction)? ...if YES, then has to register a tax file.
do you eligible for the STD deduction?...if YES, then has to register a tax file before the STD is implemented.

Else one MAY not need to declare......

YES...to this decision....
"looks like wrong place to ask, I'll go ask a proper tax consultant."

I think TP 3 form is not applicable to business owner.
I think he can omit telling the new employer, for his total income of the current year (new job + previous business income) will be declared to LHDN "next year", thus he can pay any outstanding tax payable due to "not enough" MTD from the new employer, after the final computing.

I think only..... yah

my wife also got back about that same amount....only after calling and emailing them to request for the surplus to be refunded...

yes, looks like a "No"

Yr tis link has more info than the point 7 of the other link by another forumer above

try read this for some info while you wait for value added responses....
SPECIAL VOLUNTARY DISCLOSURE PROGRAMME
http://www.yckco.com/news_content.php?flyingspaghettimonster=28

Guidelines for the SPECIAL PROGRAM FOR VOLUNTARY DISCLOSURE
http://lampiran1.hasil.gov.my/pdf/pdfam/GO_012018_02.pdf

previously many years ago,...I bought books from Amazon....I printed out the transaction records and showed to the officer when they asked to show proof of tax relief claim submission....

then I guess too bad lor....
no documented proof thus no proof of happening, when no proof of happenings, then no tax relief claim are justifiable....

few months ago, my S'pore banks asked me to provide them M'sia tax details....now I know why....
Taxman wants individuals with overseas bank accounts to declare income
Read more at https://www.thestar.com.my/business/busines...TvC3t8E1kFTP.99

ME. ME. ME......I am doing that...
my sons are still in schools...I buy for them "Tablets" under my name......I also bought smartphone for my spouse too under my name.

for the 1st few years....I had to pay some extra taxes every April even with MTD....after that, now MTD deducted more....now I do claim back yearly...

some people are happier if MTD deducted less

i think if you had submitted the declaration, then must pay by 30 April, but if the Govt as usual extent the dateline for tax submission to 15 May, then those submit during the extension period can pay in May.
well this is just my guess based on my logical thinking.

but between 30th April and 1st May.....just 1 day late I think the Govt won't make a scene out of it even though they can.

btw, mind sharing what card are you holding that can gives CB 10% on LHDN tax payment?

this 10%CB is worth the fees of 0.80% Administrative Charge fee when making a payment using a credit card to LHDN.

This post has been edited by yklooi: Mar 15 2019, 08:28 PM

this 10% I thought is for purchases on selected merchants and capped at RM100 only right?
LHDN can get 10% too?
if yes,...that is good....can ask my company to get one so that employees PCB payment can be paid through this card.

the product disclosure sheet?

https://www.maybank2u.com.my/WebBank/FCB-Vi...gnature_PDS.pdf

LHDN payment is considered as purchases too?

so can get 10% for LHDN tax payment if using that card?

wow, that is good.
my company pays PCB for employees.....
if can get 10% CB and at no limits caps (hopefully not as mentioned in the PDS mentioned got limits cap and for selected merchants)
easily money then.

thanks.....will tell my boss about it.

This post has been edited by yklooi: Mar 15 2019, 09:20 PM

RM100 per month?

alamak...I thought of asking for some extra bonus for the amount he could have got from that easy money.

thanks for stating it upfront....else MALU-lah I, when my boss found out next week about the caps.

Paying you full RM5000, the company will have RM5000 as expenses
vs
Paying you RM2000 for employment and RM3000 for "services offered" to you company, the company will still have RM 5000 expenses

unless you are a family members of that company,....i doubt that the company would do that to "help" you....
for it may affect their existing direct and indirect costing calculation for product pricing if any.
and having the possiblity of being "blackmailed" by you in future

i may be wrong, though.