KUALA LUMPUR: There is no provision in law allowing the Finance Minister or his deputies to waive the penalties imposed on late submission of income tax forms, Deputy Finance Minister Datuk Donald Lim Siang Chai said.
He said taxpayers had no excuse for filing their forms late.
Lim said he had received an appeal from a taxpayer who asked for leniency for submitting her tax form five days late.
“If the Government is lenient in allowing the public to delay submitting their income tax returns, there will be no end to the appeals.
“We have given the public four months to prepare from last year.
“The law clearly states that you must pay your income tax in time. Otherwise, you are subject to a penalty,” he said after attending the 2011 Universal Chinese Mental-Arithmetic System Sdn Bhd (UC Mas) graduation ceremony here yesterday.
Income tax declarations must be filed by the end of April.
Lim said failure to submit the form was an offence under the Income Tax Act 1967.
“Defaulting taxpayers can be fined between RM200 and RM2,000 or jailed up to six months or both,” he added.
On another matter, Lim said the ministry had formed a special unit to look into claims by individuals that they had become millionaires by joining multi-level marketing schemes and online businesses.
He called on the public to alert the ministry of such money-making schemes, which might be illegal.
Warm Regard, Sara Pandian
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