Three Companies Fined For Failure To Furnish Tax Returns
By Rol Ezam

Bandar Seri Begawan - Three local companies were brought before the Bandar Magistrate's Court yesterday for contravention of section 78(1)(a) of the Income Tax Act (Cap. 35).

Each of the three companies was separately charged with failure to furnish the Collector of Income Tax with a return of income and such particulars as may be required for the purpose of ascertaining the income tax chargeable to the companies.

The first company, Hussyn Livestock Co Sdn Bhd, was charged with failure to furnish the Revenue Section, Ministry of Finance with the relevant Return of Income and Particulars Form that are required for the purpose of ascertaining the income tax chargeable to the company for the years ended 2006, 2005 and 2004. The company, represented by its Managing Director, Hj Mohd Hussin bin Hj Abd Rahman, pleaded guilty to all the three charges. The Magistrate's Court imposed a total fine of $3,000 or three months' imprisonment in default of payment.

Meanwhile, Sunokoh Timber Company Sdn Bhd, represented by its Director, Koh Huan Chuan, facing the same charges for the years ended 2006, 2005, 2004 and 2003, was fined $4,000 or four months in jail after pleading guilty to all four charges.

The third company, Linknet Solutions Sdn Bhd, facing a total of three same charges, for the years ended 2006, 2005 and 2004, was fined $3,000 or three months' jail in default. The company was represented by its Managing Director, Wong Hong Chee.

Failure to comply with the notice or non-submission of a Return of Income and Particulars Form, including the annual audited accounts, is a criminal offence punishable under section 78(2) of the Income Tax Act (Cap 35) with a fine of $10,000 and in default of payment, imprisonment for 12 months. -- Courtesy of Borneo Bulletin

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