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    HomeNewsMalaysiaCompany director fined, hit with more than RM500,000 in penalties for failing...

    Company director fined, hit with more than RM500,000 in penalties for failing to submit tax returns

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    In Kuala Terengganu, a construction company director was fined RM9,000 and imposed a special penalty of RM536,549.13 by the Magistrate’s Court on Wednesday (Dec 20) after admitting to failing to submit tax returns to the Inland Revenue Board (IRB) for two years. Magistrate Yuhanis Mohd Roslan handed down the sentence to Nur Faraziela Mohamad, 42, and also ordered her to pay the overdue tax for the assessment years 2019 and 2020, which amounted to RM178,849.71.

    Nur Faraziela paid the fine.

    According to the charge, Nur Faraziela, who is a major shareholder of Cherang Sepadu Sdn Bhd, had failed to submit the Income Tax Statements (Form C) for the assessment years 2019 and 2020.

    For 2019, the taxable revenue was RM28,083, and the tax due was RM4,774.11. Meanwhile, for 2020, the taxable revenue was RM900,315, with a tax of RM174,075.60.

    The charge was brought under Section 112(1A) of the Income Tax Act 1967, which carries a penalty of a fine between RM1,000 and RM20,000, or a prison term of not more than six months, or both, in addition to a special penalty of three times the taxes owed.

    IRB prosecuting officer Noor Mazida Buliami represented the prosecution, while the company director appeared without legal representation. – Bernama

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