Summary of Changes - Operational Guideline No.5 Year 2019

01eKTP 130

Effective from 1 October 2019, the operational guideline No. 1/2015 is superseded by operational guideline No. 5/2019. Summarized as below:

02Operational Guideline No 1/2015 – Before       

03Operational Guideline No 5/2019 – After                                                

04Additional Penalty

05a) Failure to inform IRB on the change on accounting period

• Effective from YA2019, IRB may impose penalty under subsection 112(3) ITA 1967 on late or failure to inform LHDN on change on accounting period,
• The penalty will be imposed on the delay period based on the previous accounting period even though the tax return has submitted based on the new accounting period.

b) Penalty rate for failure to submit the Income Tax Return Form (ITRF)

06Sources

• Operational Guideline No 5/2019
• Operational Guideline No 1/2015

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