TAX 267 - INFOGRAPHIC VIDEO

By muhdsabilaffan | Updated: July 7, 2024, 4:06 p.m.

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Muhammad Sabil Affan bin Mohd Sabli 2022890384 Mohamad Fauzi Iryani bin Zainudin 2022618672 Muhammad Akmal bin Jalaluddin 2022870738 Aadam El'mey bin Mohd Nizam 2022627378

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TAX267
fauzi . sabil . najmi . akmal . aadam
She work as
HI, THIS IS AISHAH
A Freelance Graphic Designer
and a Malaysian citizen
AISHAH
Now,
?
?
?
?
struggles on her tax
AISHAH's problem

For many years, Aishah has filed her taxes with diligence.

However, her recent tax filing drew the attention of the IRBM due to inconsistencies in her reported income and deductions.
AISHAH's problem
Aishah finds herself subjected to additional assessment by the IRBM.

A notice of additional assessment (Form JA) for the year of assessment (YA) 2022 was issued to her on 1 September 2023 for the sum of RM30,000.

Upon reviewing IBM's adjustments, she discovered that RM10,000 had been rejected for business-related entertainment expenses. She submitted an againts assessment on 15 September 2023.
Is anybody can help me on my additional tax ?
?
I am here to help you.
Hi !  I am Ali.
The deadline for the payment of additional tax.
A
The implication if refuses to pay it on time.
Calculation of total amount owed to the IRBM if tax resolved on 1 October 2023.
B
C
I think you should know about all of this. Don't you worry, I will explain it for you.
Additional assessment is issued  under Section 91
SECTION 91
Taxpayer omitting certain income
Tax has been refunded to the taxpayer by an error
There is additional income which has not been considered before
A
The deadline for the payment of additional tax
A
Upon return submission or receipt of notice of additional assessment,

Tax is due and payable within 30 days from the due date.

The deadline for Aishah to submit the notice is on 30 September 2023.
The implication if refuses to pay it on time
B
An additional 10% penalty is imposed if taxes are not paid within 30 days from the date of assessment.

Consequently, if Aishah refused to pay on time, she will be penalized an additional 10% penalty.
Calculation of total amount owed to the IRBM if tax resolved on 1 October 2023
c
1. The Initial Additional

Assessment (Form JA issued on 1 September 2023):
- Amount assessed: RM30,000

2. Due date:

1 October 2023 = Penalized 10% of RM30,000
Calculation of the penalized amount = 10% x RM30,000
= RM3,000

The total amount owed to the IRBM:
= RM30,000 + RM3,000
=RM33,000

Explanation:
On 1 September 2023, Aishah received a tax bill (Form JA) for RM30,000 from the IRBM. She had until 1 October 2023 to pay it. Since she missed the 30-day deadline, she was charged a 10% penalty on the RM30,000, which amounted to RM3,000.

Therefore, the total amount owed to the IRBM became 
RM33 000, inclusive of the penalty.

So, Aishah
That is the solution for your problem.
Look how
AISHAH is. 
happy
wow
GOOD BYE !
Thank You

TAX 267 - INFOGRAPHIC VIDEO

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