Today, 30th April is the last day for individual taxpayers to submit their Form BE. If you are not ready to submit the form, there is a good news to you.
The dateline is extended by another 15 days BUT only applicable to taxpayers who opt to submit the Form BE by e-Filing. So, the taxpayers who choose to submit their forms and pay taxes via e-filing will now have up to 15th May to do so.
The 15-day grace period was also extended to those who had their own businesses, which would allow them to submit and pay via e-filing by 15th July.
Previously, the deadline was 30th April for individual taxpayers submitting their Form BE and 30th June for those with their own businesses.
However, please bear in mind that, the normal deadlines stay for those who are paying through the conventional method.
It had been reported that IRB imposed a 20% to 35% penalty on taxpayers for late submission of their returns. The penalty will be charged under Section 112 (3) of the Income Tax Act 1967.
Find out more details about e-Filing by reading “How to do e-Filing for Individual Income Tax Return“.