IRB Issues Nearly 200,000 CP500 Notices For RM1.1 Bln In Taxes - MOF

The MoF said the government is aware of the situation where there are taxpayers who do not actually receive income other than employment income who have also received the CP500.

“The IRB review found that the taxpayers in question have made inaccurate reporting in the Income Tax Return Form (ITRF), where part of the employment income has been reported as income other than employment.

“In this case, action is being taken to trace and cancel the CP500 on the taxpayers in question,” the ministry said in a reply to the Dewan Rakyat published on the parliament website today.

The MoF was replying to questions from Lim Guan Eng (PH-Bagan) and Chong Chieng Jen (PH-Stampin) who wanted to know the basis on which the CP500 installment payment form was issued, how many taxpayers were involved and the amount expected to be collected.

In addition, the ministry said that for taxpayers who have income other than employment, the government has decided not to impose a penalty if the taxpayer does not make the CP500 installment payment throughout 2026.

“Taxpayers are also advised to update their income reporting information in the 2025 ITRF to avoid receiving CP500 in the future,” it added.

-- BERNAMA