Yakin Consultancy Sdn Bhd providing management consultancy on various corporate matters since 2000. The company is a
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Question:
Yakin Consultancy Sdn Bhd providing management consultancy on various corporate
matters since 2000. The company is a service tax registrant with RMC, taking effect on
1.9.2019.
For the taxable period 1.9.2019 to 31.10.2019, the company is required to pay service
tax of RM16,000 by 30.11.2019.The company makes the following payments:
RM
31.10.2019 6,000
11.11.2019 3,000
16.12.2019 5,000
The director of the company, Sam wishes to know the service tax risk.
Required:
(i) Calculate the relevant penalty on a late payment. [6 marks]
(ii) Advice Sam on his service tax risk.
Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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