The penalty will have a great impact to business. Therefore, Entrepreneur should consider seriously, compliance the regulation and law.

1. Offence And Penalty Under Limited Liability Partnership Act 2012
No. Description Penalty (Not
exceed)
Continue
offence
(Per day)
Imprisonment
(Not exceed)
Section
RM RM (years)
1 Less that 2 partners 200,000 7
2 Conversion fail to notify in invoice, letter
head within 14 days
10,000 500 16
3 Register of changes 14 days 10,000 500 17
4 Bankruptcy of partner 250,000 5 years 25
5 Disqualified complier officer 250,000 3 years 28
6 Financial report keep for 7 years and
register office
10,000 500 18 & 19
7 Published LLP name 10,000 500 20
8 Foreign LLP fail to register 250,000 3 years 44
9 Fail to lodge statutory registration for
foreign LLP
20,000 500 46
10 Financial report give a true and fair view 50,000 half year 69
11 LLP false or misleading in a material
particular
500,000 -
250,000
3 years 68
12 Fails to pay its debts 250,000 2 years 68
13 Annual declaration within the stipulated
period
250,000 2 years 68
14 Dishonest / making a false statement 500,000 -
150,000
5 years 80
15 Improper use of "Perkongsian liabiliti
terhad"
250,000 3 years 81
16 General penalty 50,000 1 year 86
A B C
Note
A+B or C or both
B. H. Loh & Associates
1

2. No. Description Penalty (Not
exceed)
Imprisonment
(Not exceed)
Without
prosecution
Section
RM (years) RM
Failure / late to submit final tax
payment
a) After the deadline
b) After 60 days, a further A further 5% 103(4)
2 30% of Underestimation of tax
estimation / revised
10% Of the
different
107B(4) &
107C (10)
3 Failure / late to pay tax
instalment after 10th (YA2014) &
15th (YA 2015) of next month.
10% of tax
payable
107C(9)
4 Failure / late to submit of tax
return after 7 months of close of
account
200 -20,000
(YA2015)
6 months 3x of tax /
additional of
tax
112(1)(f) &
Fin (No.2)
Act 2014
Within 12 months 20%
Within 24 months 25%
Within 36 months 30%
More that 36 months 35%
5 Incorrect return 1,000 -
10,000
2x tax
undercharge
113(1)
6 Wilful evasion 1,000 -
20,000
3 years 3x tax
undercharge
114(1) &
(1A)
7 Obstruction of officer (Not
providing reasonable facilities
and assistance)
1,000 -
10,000
1 year 116
8 Failure to keep record 300 - 10,000 1 year 119A
9 Failure / late to submit of tax
estimation
200 -20,000
(YA2015)
6 months 120(1)(f) &
Fin (No.2)
Act 2014
10 Failure to submit Form E 200 -20,000
(YA2015)
6 months 120(1)(b)
& Fin
(No.2) Act
2014
A B C
Note
A or B or both or only C
B. H. Loh & Associates
1
Offence And Penalty Under Income Tax Act 1967
103(3)
w.e.f
1/10/11
10% balance
of tax
payable
2

3. Offence And Penalty Under Goods And Services Tax Act 2014
No. Description Penalty (Not
exceed)
Imprisonment
(Not exceed)
Without
prosecution
Section
RM (years) RM
1 Late registration
a) 30 days 1,500
b) More that 360 days 20,000
21(6)
2 Failure to issue a tax invoice 30,000 2 years 33(11)
3 Failure to keep record 50,000 3 years 36(7)
4 Failure to submit a tax return 30,000 3 years 41(6)
5 Failure to pay GST 30,000 3 years 41(7)
6 Incorrect tax return 30,000 3 years 88
7 Evation of tax 5 years Not less 10x
89(A)
a) First offense Not more 20x
b) Second or subsequent offense Not less 20x
Not more 40x
8 Improperly obtaining refund 50,000 3 years 2x of tax
refund
90
9 Obstructing an officer 100,000 7 years 92
10 False return, demands an amount in
excess, withhods for his own use
50,000 3 years 94
11 General penalty (No penalty express) 30,000 2 years 96
A B C
Note
A or B or both or only C
B. H. Loh & Associates
89(B)
7 years
3