Special Alert - Goods and Service Tax (GST)

Send us a message

Special Alert - Goods and Service Tax (GST)

Penalty Remission for Late Payment or Non-Payment of GST

On 31 May 2021, the Royal Malaysian Customs Department (“RMCD”) announced in a special alert that taxpayers are eligible to apply for remission of late payment penalty for any GST / penalty due but has not been remitted to the RMCD to date.

The conditions to apply for the remission of late payment penalties are as follows: -

Category 1

Taxpayer owes RMCD outstanding GST and penalty

Condition

Taxpayer has to make full payment of outstanding GST to RMCD within the period from 1 May 2021 to 31 August 2021.

Eligibility

100% remission of penalty

Category 2

Taxpayer owes RMCD outstanding penalties only

Condition

Taxpayer has to make 20% of the outstanding penalty within the period from 1 May 2021 to 31 August 2021.

Eligibility

80% remission of penalty

The application for remission of late payment penalty can be made via GST Taxpayer Access Point (TAP) under “Request for Remission” once the outstanding GST / 20 % of the outstanding penalty is remitted to RMCD.

RSM Comment:

The remission of penalty from RMCD is to encourage taxpayers to settle any outstanding GST / 20% penalty due to RMCD before 31 August 2021.

Please do not hesitate to contact us if you require any assistance or advice on the above matters.

enewsletter_11-2021_cover-06.jpgMayadevi Karpayah
Tax Director – Indirect Tax 
+603 2610 2831
E  [email protected]

 

enewsletter_11-2021_cover-07.jpgKalvinder Singh
Senior Tax Manager – Indirect Tax 
+603 2610 2863
E  [email protected]

Send us a message

Contact Us

Send us a message

Blue