| Siti Hajar |
TWO local companies pleaded guilty at the Magistrate’s Court in the capital for failing to comply with Section 78(1)(a) of the Income Tax Act (Cap 25).
It was heard that Stratacom Global Sdn Bhd and Iridium Sdn Bhd neglected to adhere to the Collector of Income Tax’s notice to furnish the regulator with return of income over several years.
The two companies pleaded guilty to the offences and were each fined $3,000 and $4,000 respectively.
It was stated that the companies were provided with the related forms that were to be returned completed, signed with a declaration and a certified copy of the Balance Sheet and Trading and Profit and Loss Account.
Despite being given 30 days, the defendants had failed to provide the Collector of Income Tax with the necessary documents.