Tag: Instalment Payment
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What to Do If You Got a CP500 Notice: No Penalties for YA2026, Here’s the Plan
Understanding the CP500 Notice and Its Impact for YA2026 Taxpayers in Malaysia may encounter Instalment Payment Notices, commonly known as CP500, from the Inland Revenue Board of Malaysia (LHDN). For the Year of Assessment 2026, LHDN has announced that no penalties will be imposed for non-payment tied to these notices. This decision provides relief to…
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No Penalties for CP500 Instalments in YA 2026: What Taxpayers Should Do
What the CP500 Announcement Means for YA 2026 The Inland Revenue Board of Malaysia (LHDN) has issued an important update for individual taxpayers who receive Instalment Payment Notices, commonly known as CP500. For the Year of Assessment (YA) 2026, LHDN has stated that there will be no penalties applied for non-payment of these instalments. This…
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CP500 Notice from LHDN: No Penalties for 2026 and What You Should Do
Overview: CP500 notices and the YA 2026 policy The Inland Revenue Board of Malaysia (LHDN) has announced a favorable policy for individual taxpayers who receive Instalment Payment Notices (CP500) related to the Year of Assessment (YA) 2026. Specifically, taxpayers will not incur penalties for non-payment in relation to CP500 during YA2026. This decision aims to…