In a Magistrate Court hearing today, the director of a recycling company was fined RM18,000 and hit with a special penalty amounting to over RM2.43 million for failing to submit the company’s income statements for two years.
According to Kosmo!, The Defendant, Wong Siew Lian, 49, pleaded guilty as soon as the charges were read to her in Mandarin by the court interpreter before Magistrate Nurzihan Abdul Rehman.
Fail to submit the company’s income
According to the charge sheet, the director of Gagasan Steel (Southern Region) Sdn. Bhd. was indicted with no reasonable cause for failing to submit the company’s income in Form C for the assessment years 2021 and 2022.
The company had a taxable income of RM3,385,325 for those two years, which could be taxed at RM812,478.
As a director, Siew Lian was required to submit the company’s income statements to the Director-General of the Inland Revenue Board (LHDN) within seven months from the account closing date, and the defendant committed an offense under Section 112(1A) of the Income Tax Act 1967.
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The prosecution was conducted by the LHDN’s Senior Revenue Counsel, Norhidayah Yasin, while the defendant was unrepresented.
Norhidayah requested the court to impose a suitable punishment and consider the public interest over the personal interest of the defendant.
The court consequently imposed a fine of RM18,000 and levied a special penalty of over RM2.43 million on the defendant.
The court also ordered that the defendant be imprisoned for 12 months if she fails to pay the fine and the special penalty, which must be paid in installments over 12 months to the LHDN.
