{"id":29210,"date":"2017-04-14T16:36:22","date_gmt":"2017-04-14T08:36:22","guid":{"rendered":"https:\/\/direct.imoney.my\/articles\/?p=29210"},"modified":"2017-04-14T16:36:22","modified_gmt":"2017-04-14T08:36:22","slug":"tax-dodgers-pay-heavier-penalty","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/tax-dodgers-pay-heavier-penalty","title":{"rendered":"Tax Dodgers To Pay 100% Penalty From Next Year"},"content":{"rendered":"<p>Malaysians will have to pay a 100% on their taxes if they are found dodging payment or filing incorrect income tax returns.<\/p>\n<p>The Inland Revenue Board said it would impose the maximum penalty compared with the 45% penalty currently imposed on offenders.<\/p>\n<p>So if an individual commits a RM1 million tax evasion, they should pay a RM1 million penalty. The 100% penalty can be imposed under the Income Tax Act 1967, an IRB official was quoted as saying by national newswire Bernama.<\/p>\n<p>The board hoped that the higher penalty would bring awareness to individuals and companies about their responsibility to pay income tax.<\/p>\n<p><a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2017\/04\/12\/100-penalty-from-next-year-for-income-tax-offenders\/\" target=\"_blank\" rel=\"nofollow\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can\u2019t run and you can\u2019t hide.<\/p>\n","protected":false},"author":29,"featured_media":22486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,215],"tags":[],"class_list":["post-29210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-tax"],"acf":[],"yoast_head":"<!-- This site is optimized 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