What is CP500 ?? In layman term, Pay Tax In Advance, for INDIVIDUAL For example, for year 2020, tax return due in 2021 but tax need to be paid in 2020. Similar to Company (CP204) Why am I subject to CP500 ?? IF you have other source of income, beside employment (which will subject to PCB), then you will need to Pay Tax In Advance
What is CP500 ?? In layman term, Pay Tax In Advance, for INDIVIDUAL What if I choose to ignore CP500 ?? Penalty will be imposed on late payment. |