Procedure On Submission Of Amended Return Form (GPHDN 01/2010)

The Inland Revenue Board (IRB) has issued the Operational Guidelines on 30 November 2010 with respect to the Procedure on Submission of Amended Return Form (GPHDN 01/2010). Some of the salient points clarified are as follows:

i) Where the Amended Return Form or Borang Nyata Terpinda (BNT) is submitted on or before the filing due date of the original Income Tax Return Form or Borang Nyata Cukai Pendapatan (BNCP), it will be treated as normal appeal (Paragraph 3.1).

ii) Self-amendment is only allowed once for a taxpayer who has filed the BNCP on or before the filing due date (Paragraph 3.2).

iii) Self-amendment is only available to understatement or underdeclaration of income, expenses/claims overstated and capital allowances/incentives/reliefs overclaimed (Paragraph 3.3).

iv) Submission of BNT will be regarded as voluntary disclosure for understatement of income and penalty will be imposed in accordance with the rates as stated in the Tax Audit Framework.

v) Any tax payable, including penalties, must be settled on the date the BNT is submitted, failing which penalties will be imposed.

Members may view the Operational Guidelines at the website of the Institute at http://www.ctim.org.my/technical_techdev_direct.asp or at the website of the IRB at http://www.hasil.gov.my/pdf/pdfam/GPHDN1_2010.pdf.