If you owe someone (especially LHDN) money, get a plan and pay them (especially LHDN) Otherwise LHDN can direct access taxpayer's bank account under garnishee orders. LHDN can seize or withholding any debts to LHDN for your bank account. Read the full story in our blog https://lnkd.in/gXEAEGNE 𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. NEW Power to LHDN:
Direct Access Taxpayer’s Bank Account
#AskKtpTax
#AskThkAcc
28/02/22
If you owe someone (especially LHDN) money,
get a plan and pay them.

2. Can LHDN direct access to your bank
account when you owe LHDN money?
Yes, under the new provision of Section 106A Income
Tax Act (ITA) 1967 which was passed through the
Finance Bill 2021 on 15.12.2021.
28/02/22
#AskKtpTax
#AskThkAcc

3. Can LHDN direct access to your bank
account when you owe LHDN money?
Under this new provision, LHDN will have the right to
request for taxpayer's bank account details for review
and investigation without informing the taxpayer.
28/02/22
#AskKtpTax
#AskThkAcc

4. Under what circumstance your bank
information is accessible by LHDN?
The new provision does not give it absolute power to
simply access taxpayers' bank account information.
It is only limited to cases involving garnishee
orders allowed by the Court.
28/02/22
#AskKtpTax
#AskThkAcc

5. Under what circumstance your bank
information is accessible by LHDN?
LHDN is required to go through a prescribed process of
judgment and is only limited to cases that have already
gone through a civil proceeding before.
28/02/22
#AskKtpTax
#AskThkAcc

6. What is Garnishee Order?
The garnishee proceedings are the process of
enforcing a monetary judgment by seizing or
withholding debts due to a specific party.
LHDN has the right to do so because of the existence of
unpaid tax arrears by the taxpayer.
28/02/22
#AskKtpTax
#AskThkAcc