OFFER OF PENALTY AND SURCHARGE REMISSION INCENTIVE FOR THE YEAR 2024 FOR CASES OF GOODS AND SERVICES TAX, TOURISM TAX, SALES TAX, SERVICE TAX, AND DEPARTURE LEVY.
Based on the slogan 'Malaysia Madani,' the Royal Malaysian Customs Department (RMCD) is committed to empowering the economy and assisting the business industry. In this regard, RMCD has agreed to offer penalty and surcharge remission incentives to encourage business entities to make payments promptly.
Eligibility and Offer Rates for Penalty and Surcharge Remission Incentives for the Year 2024
- The number of claims (BOD) for taxable periods ending on or before December 31, 2023.
- Payment of taxes, penalties, and surcharges must be made between August 26, 2024, and December 31, 2024.
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The calculation of payments and remission provided is based on each taxable period. The company's arrears are divided into three (3) categories as per Schedule A below:
Schedule A: Arrears Categories and Incentive Rates
| ARREARS CATEGORY |
PAYMENT RECEIVED
26 AUG 2024 - 31 DEC 2024 |
PENALTY/ SURCHARGE REMISSION |
| TAX |
PENALTY/ SURCHARGE |
| 1. Tax, penalty, and surcharge |
100% |
0% |
100% |
| 2. Tax and penalty/ surcharge |
100% |
0% |
100% |
| 3. Penalty/ surcharge |
0% |
15% |
85% |
- This offer also applies to companies that have received installment approval, provided they adhere to the above schedule.
- For companies that have already made settlement payments, including payments through offsetting methods and other settlement methods before August 26, 2024, no refund of taxes and penalties/surcharges will be allowed.
- This incentive does not apply to requests for penalty/surcharge remission for cases eligible for full remission approval, such as penalties/surcharges arising from technical issues, amendments to output tax from bad debt recovery, retention sums, and penalties/surcharges on taxes approved for remission by the Ministry of Finance.
