PLC Latest Tax Update : Tax Audit

ITA

• 3X Penalty

• S140 Disregard ruling s104 Travel Restriction

AMLA

• 5X Penalty

• Power to Seize Assets Failure to submit Tax Return

AMLA Case 1:

• Nasi Kandar Penang

• Raid by LHDN + Freeze a/c

• RM10 million

AMLA Case 2:

• Cryto Currency Sector

• Settle Tax with RM100 million

• Negotiation Basis

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