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Malaysia Tax Law Elon, an Irish citizen and a Malaysian resident disposed of...

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Accounting

Malaysia Tax Law

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Elon, an Irish citizen and a Malaysian resident disposed of a shop for RM1 200 000 on 31 October 2019 He acquired the shop for RM800,000 for investment purposes on 11 December 2014 Elon had a brought forward allowable loss of RM20.000 arising from a previous disposal Elon submitted his real property gains tax (RPGT) return late and is subject to a 10% penalty What is the amount of penalty payable by Elon for the late filing of his real property gains tax form

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