Socso Late Payment Penalty

Checks were conducted at simpang renggam ayer hitam and mersing and most of the employers found to have breached the ruling were kindergarten and canteen operators.

Socso late payment penalty. The 2 penalty will be imposed for each month that the tax remains unpaid and shall not exceed 50 of the unpaid tax. The minimum fine is rm200 and not more than rm20 000 or 6 months imprisonment or both. Example on royalty payment due and payable to non resident payer x made royalty payment of 10 000 gross to non resident a on 02 may 2019. Ilpc is charged for late payment of contributions at the rate of 6 percent per annum for each day of late payment contributions.

Fine for late payment contribution. The workshop was also ordered by magistrate afidah abdul rahman to pay late payment penalty of rm4 175 in six months installment starting dec 15 this year. Additional penalties of 2 per month may be imposed if the tax remains unpaid 60 days after the imposition of the 5 penalty. Government servants foreign employers self employed persons sole proprietors partnership domestic servants or spouse are not eligible for socso protections.

However failure to submit the forms and remit the payment within the period will result in late interest penalty charged by perkeso. If late payment interest is calculated to be less than rm5 then interest is charged at rm5 per month. Payer will be informed of the 5 penalty via a late payment penalty letter. Nashnawi who was then 18 years old died in an accident while travelling from home to work in pasir gudang on feb 26 2010 but redzuan only submitted the accident report to socso on oct 4 last year.

Payment must be made by the due date stated on the late payment penalty letter to avoid further enforcement actions. If payment is not received before the due date a 5 late payment penalty will be imposed.