I got a letter from LHDN for an audit in my company for my PCB monthly payment to the government. I've spoken to my accountant only found out that my company (Sdn. Bhd.) need to pay PCB for monthly deduction from my salary even as a director.
All the while I did not know I need to deduct this as I did not pay for my EPF and SOCSO (taking full salary) and my company is very small size, just a few worker. My clerk and accountant also did not notify me about this every year I file my company tax until I checked with them after I got the audit letter.
What should I do and what will the compound charges be like? I'm pretty sure I'm going to get fine this time but is there any method to reduce the fine? I really did not know this is a compulsory deduction as my clerk help me to file my income tax every year for all the deduction available and sometime I have to pay my income tax after filing so I thought tax is only paid every year after filing personal income tax.
Hopefully someone experienced can give some advice. Thank you very much.
Edit: my clerk also did not deduct his salary for PCB but got deduct for EPF as he did not know this as well, which end up this problem coming back to the company fault. How will the fine be like?
Edit 2: mainly because the worker I'm hiring is foreign worker and their salary is not within PCB range. Even if it does, I think it does not required to file the PCB for them either, please correct me if I'm wrong.
This post has been edited by IneedHelp345: Feb 22 2016, 01:43 PM
PCB Audit for Sdn Bhd, Audit