Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Q: If I have revised my CP500 instalments, would there be any penalty for underestimating the revised tax payable? 

A: Yes, if the revised estimated tax payable (via Form CP502) is lower than the actual tax payable by more than 30%, the amount in excess of 30% will be subjected to a penalty of 10%.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

We respect your email privacy

Home     Useful Articles     About Us     Contact Us     Site Map

Copyright 2024    YYC HOLDINGS SDN BHD 201501018259 (1143591-H)    All rights reserved.

YYC New Logo White Text