Tag: Tax Notice
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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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What CP500 Tax Installment Notices Really Mean and How to Respond
Understanding CP500 Notices in Malaysia If you’ve recently received a CP500 installment notice from LHDN (Lembaga Hasil Dalam Negeri Malaysia), you’re not alone. In December 2025, taxpayers in Malaysia started receiving the Instalment Payment Notice (CP500) in stages. These notices are issued by the Inland Revenue Board (IRB) based on information reported in the Income…