GST Penalty Of Late Filing in Malaysia

Notification of Penalty Due to Failure/Late Payment of Goods And Service Tax (GST) Malaysia

In accordance with amendments made to Section 41 of the Goods and Services Tax Act 2014, with effect from 1/1/2016 failure to pay the amount of goods and services tax to be paid within the period specified will be penalized. Imposition of penalties will start for the taxable period for which tax payments are due and on 31/1/2016.

The calculation of the penalty will be based on the number of days the tax due is not paid as per the table below:-

Leave a Comment

Your email address will not be published. Required fields are marked *