Revision of Tax Audit Penalty

New Update

Tax Audit Framework, issued on 1/5/2022

For the 1st offence (understatement or omission of income) discovered in the event of a tax audit, the penalty had been revised from 45% to 15%.

Effective date: 1/5/2022

For the penalty section, kindly refer to page 17

Source: https://phl.hasil.gov.my/pdf/pdfam/RK_Audit_Cukai_2022_1.pdf

Revised Tax Audit Penalty.pdf

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