INFOGRAPHIC VIDEO | TAX267 | D1AC1104B

By nuratiqahzawavi | Updated: July 4, 2024, 3:22 p.m.

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GROUP MEMBERS 1. TENGKU MOHAMAD ZARIF BIN RAJA ZUKIRMAN (2022817454) 2. TUAN NURFAKHIRA ASMA BINTI TUAN MOHD MULKAN (2022872894) 3. SITI NUR ATIQAH BINTI MOHAMAD ZAWAVI (2022816494) 4. NURUL FATIHAH BINTI MOHAMAD HASHIM (2022664864)

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My name is
Aishah
Hello!
I’m Malaysian citizen and I have my own graphic design business
Nice to meet you!
....................................................................................................................................................................................................................................................................................
Aishah, who is freelance graphic designer dedicated in her job. She never miss to pay additional tax.
We can say that Aishah has been diligent in her tax filling for many years.
......................................................................
IRBM NOTICE
Suddenly, inconsistent stated income and deductions caught the IRBM's notice in her most recent tax filing.
As a result, Aishah is required to undergo further evaluation by the IRBM
....................................................................................................................................................................................................................................................................................
Aishah decided to call IRBM to confirm it and get more details about her additional tax issued by IRBM
Pay additional tax on time !! 
What should Aishah do?
Deadline for the payment of additional tax?
Aishah received the notice of additional assessment on 1 September 2023. The usual deadline for paying additional tax assessed by IRBM is within 30 days from the date of the notice. Therefore, the deadline for Aishah to pay the additional tax would be 30 September 2023
???

Discuss the implication if Aishah refuses to pay the additional tax on time
1. Penalties and interest
2. Legal Action
3. Impact on credit rating

The IRBM may impose penallties and intereston the unpaid amount. thepenalty for late payment is typically 10% of unpaid tax amoun.
IMPLICATIONS:
Persistent non-payment could result in legal action being taken by the IRBM, which could lead to further costs and complications.
Non-payment could also affect Aishah's credit rating, which might impact her ability to secure loans or other financial services in the future.
Penaties and interest
Legal action 
impact on credit 
If Aishah resolved the tax on 1 October 2023, provide a calculation of the total amount owed to the IRBM
Let's calculate the total amount Aishah would owe if she paid on 1 October 2023, considering a 10% penalty for late payment
.
- Additional Tax Amount : RM 30,000
- Penalty (10%) : 10% of RM3,0000 = RM3,000
-Total amount owed : RM30,000 + RM3,000 = RM33,000

Thus, if Aishah paid the tax on 1 October 2023, she would owe a total of RM33,000 to the IRBM.

???

Thank You!!!!
My problem is completed now.

Aishah

INFOGRAPHIC VIDEO | TAX267 | D1AC1104B

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