Tag: Tax notices
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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…
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Understanding CP500 Tax Installment Notices: What Malaysian Taxpayers Need to Know
What CP500 Is and Why You Might Get One Tax season in Malaysia often brings a flurry of notices from the Inland Revenue Board (IRB), and the CP500 is among the most common. The CP500 Instalment Payment Notice is issued to taxpayers in stages, typically after information from the Income Tax Return Form (ITRF) submitted…