No Tax Submitting Extensions After 15 May, Says LHDN

The Inland Earnings Board (LHDN) has launched an announcement saying that individual individual specific individual taxpayers with no enterprise earnings ought to stick to the identical outdated 15 May on-line submission deadline.

In accordance with LHDN, there aren’t any plans to grant an extension on the deadline for on-line submissions following the expiry of the earlier 30 April deadline for handbook tax submitting. Equally, these incomes a enterprise earnings ought to stick to the identical outdated e-Submitting deadline of 30 June.

“The due date and magnificence interval for submission of earnings tax return varieties has been clearly stated contained within the Return Variety Submitting Programme for the Yr 2021 by LHDN’s official portal,” LHDN talked about in an announcement.

“No additional extension shall be given,” the tax board concluded. In distinction, LHDN had actually extended the deadline for submission of tax returns in 2020 because of nation’s first movement administration order; individuals and on no account utilizing a enterprise had been allowed to file returns by means of e-Submitting up until 30 June 2020 whereas these with a enterprise moreover had an extended e-Submitting deadline of up until 30 August 2020.

As at 5 May, LHDN has acquired spherical 2.59 million earnings tax returns varieties from individuals with no enterprise earnings by means of e-Submitting, exhibiting an increase of 73% in distinction with the equal interval remaining 12 months. The inland revenue board well-known that taxpayers who do not file their tax returns on time might face fines between RM200 and RM20,000 or imprisonment not exceeding six months or every upon conviction; or a penalty equal to some events the amount of tax payable if no prosecution is instituted.

For plenty of who’ve however to file their earnings taxes for YA2020, likelihood is excessive you’ll regularly attempt our useful data on the easiest way to take motion or try the entire tax reliefs which you can be declare for.

(Current: The Star)

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