{"id":47817,"date":"2024-05-17T10:18:02","date_gmt":"2024-05-17T02:18:02","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=47817"},"modified":"2024-06-12T21:57:39","modified_gmt":"2024-06-12T13:57:39","slug":"forgot-file-income-tax","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/forgot-file-income-tax","title":{"rendered":"What Happens If You Forget To File Your Income Tax?"},"content":{"rendered":"

Few things are less exciting than doing your taxes.<\/p>\n

But alas, if you earn more than RM34,000 a year after deductions, you have to file your taxes. You should get this sorted before the deadline comes around.<\/p>\n

If you forget to do so, you could face fines, penalties and even imprisonment. Here\u2019s what you need to know.<\/p>\n

<\/span>What happens if you miss the deadline?<\/span><\/h2>\n

You can still file your income tax, but you may face an interest charge. According to the Inland Revenue Board Of Malaysia (LHDN), failing to pay your taxes on time will incur a 10% increment<\/a> on your payable tax.<\/p>\n

If you forget to file them altogether, there are two scenarios that could happen:<\/p>\n