What happens if you fail to pay tax?

LHDN can execute the judgment against you

1. Bankruptcy

The threshold for bankruptcy for individual is RM50k (RM100k until 31.8.21)

2. Winding up

The threshold for bankruptcy for company is RM50k

The directors of the Company will be jointly and severally liable to the taxes of the Company.

3. Garnishee Proceedings

A court order for LHDN (Garnishor) to recover a judgment debt due and accruing from your bank account.

4. Stoppage Order

LHDN blacklist you (including directors of company) from leaving the country due to unpaid taxes.

Visit us

• Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

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𝐓𝐇𝐊 (Secretarial, Account/Payroll, Advisory)

• Website www.thks.com.my

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We are one-stop (20 years+ history) audit, tax, secretarial, accounting and payroll firms which commit to help and grow our clients business.

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Published : 24-Aug-2021