Failure to File Your Tax Return May Result in More Than a RM200 Fine
Failure to File Your Tax Return May Result in More Than a RM200 Fine Many people assume that failing to file a tax return will result in a maximum fine of only RM200. In reality, the consequences can be significantly more serious. Under Section 112 of the Income Tax Act 1967, failure to submit a […]
Gifted by Father, Sold by Uncle: How Is RPGT Calculated When A Sells the Entire Property?
Gifted by Father, Sold by Uncle: How Is RPGT Calculated When A Eventually Sells the Entire Property? When a property is jointly held by family members, the Real Property Gains Tax (RPGT) should not be allocated based simply on family relationships or ownership proportions. There are three key points in this case: Therefore, although a […]