Sign In
Web Creator

Local Companies Fined For Failure To Submit Income Tax Returns

​Within the months of February and March 2021, three local companies were ordered to settle fines after their representatives pleaded guilty at the Magistrate’s Court to failing to comply with Section 52(1) of Income Tax Act (Section 35).

In the month of February 2021, Maicom Sdn Bhd was fined a sum of BND 5,000 for having failed to file Income Tax Returns for the Financial Years ending on 31st December 2013, 2014, 2015, 2016 and 2017.

Following that, in the month of March 2021, Usaha Asilati Sdn Bhd and Attacca Sdn Bhd were both fined a sum of BND 5,000 for having failed to file Income Tax Returns for the Financial Years ending on 31st December 2013, 2014, 2015, 2016 and 2017.

Companies registered under the Companies Act, Chapter 39 are reminded to submit their Income Tax Returns by 30th June of the relevant Year of Assessment and that failure to submit is an offence under the Income Tax Act, Chapter 35.

Attachments