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ektp 2015/14
Reduction of Penalty and Waiver of Tax Increase
To All KTP Clients & Friends:
KTP is proud to share information in relation to the offer on reduction of penalty and waiver of tax
increase for voluntary disclosure and early settlement of tax arrears.
Inland Revenue Board of Malaysia (IRBM) has on 24 April 2015 released a press statement informing that
the IRBM is offering the reduction of penalty and waiver of tax increase for voluntary disclosure and early
settlement of tax arrears.
The offers comprise of:
1) Reduction of penalty at a specific rate for voluntary disclosure for the following cases:
 Taxpayers who failed to submit their Income Tax Return Forms (ITRF) for previous years of
assessments; and
 Taxpayers who wished to declare the correct amount against the income declared in the ITRF
submitted earlier.
2) Waiver of tax increase to taxpayers who wish to settle in full their Income Tax, Real Property Gains
Tax or Withholding Tax arrears before or on the 30 November 2015.
These offers are effective from 1 May 2015 to 30 November 2015. The eligibility of these offers depends on
the merits of the taxpayer’s case and also subject to the relevant Regulations issued by the IRBM.
However, these offers are not applicable to taxpayers whose tax files are handled by the Multinational
Tax Branch and Petroleum Branch of the IRBM.
For further details, please refer to the IRBM’s press statement at the link below:
http://www.hasil.gov.my.
This message was brought to you by KTP.
Disclaimer
Although KTP has taken all reasonable care in the preparation and
compilation of the information contained in the KTP e-circular,
KTP/each party providing the material displayed herein expressly
disclaim all and any liability or responsibility to any person(s) for
any errors or omissions in the contents of the KTP e-circular or for
anything done or omitted to be done by any such person in reliance
whether wholly or partially, upon the whole or any part of the
contents of the KTP e-circular.
For queries or feedback on the KTP e-circular, please email to
info@ktp.com.my
Click here for the past e-newsletter issued.
KTP GROUP OF COMPANIES
53, 53-01 & 53-02, Jalan Molek 1/8,
Taman Molek, 81100 Johor Bahru,
Johor, Malaysia.
T +607 361 3443 F +607 361 7447
info@ktp.com.my
www.ktp.com.my