Bukit Aman: Cops arrest local airline co-founder with title of ‘Datuk’, wife and son to help in probe under AMLAMagistrate Nur Fatin Mohamad Farid imposed the sentence on Yusof Ahmad, 38, after he pleaded guilty to both charges. — Picture from X/BernamaJOHOR BARU, Oct 17 — A director of a construction company was fined a total of RM23,000 and imposed a penalty of RM1.
The magistrate fined Yusof RM15,000, in default six months in jail, and imposed a penalty of RM1.28 million for the first count of failing to submit the tax returns as required under Section 77A of the Income Tax Act 1967 for the assessment years of 2019 to 2021 on the company’s income to the Director-General of the Inland Revenue Board .
For the second charge, Yusof was charged with failing to submit the tax returns as required under Section 77A of the Income Tax Act 1967 for the assessment years of 2021 regarding the company’s income to the IRB director-general within seven months from the date of closing its account, which was on or before July 31, 2022.