Book-keeping helps us to manage our financial affairs for our business. Submitting income tax confirms our business earnings and allow us to get financing in the future.
Yes you can, but you are subject to penalty (fine) for late submissions for each of the financial year.
Yes, you can. The penalty for late filing is 10% on the balance of unpaid taxes after tax deadline. If the income tax and penalty are not paid within 60 days, another penalty of 5% will be imposed on the amount owed.
You can visit official website on Lembaga Hasil Dalam Negeri (LHDN) at www.hasil.gov.my