Directors charged for not declaring income tax, 14 February 2017
The Inland Revenue Board (IRB) has charged two directors for failing to declare their income tax returns.
A contractor is facing eight charges under s 77(1)(a) and 112(1) of the Income Tax Act 1967 for failing to declare his income and submitting the Form B for YAs 2006 to 2013.
In another case, a director is facing three charges under s 77(1)(a) and 112(1) of the Income Tax Act 1967 for failing to declare the company’s income and the Form C for YAs 2011, 2013 and 2014.
If convicted, the two individuals may face a penalty between RM200 to RM2,000 or imprisonment not exceeding six months or both for each charge. The IRB has requested for an arrest warrant and the court has set a mention date of 13 March 2017.
Source: IRB website, 13 February 2017