PERAK has agreed to extend the offer to waive late assessment payment penalties, discounts on arrears and payment for land premiums effective immediately.

Perak Menteri Besar Ahmad Faizal Azumu said the offer, which ended in August, has been extended until December 31 under the third phase of the state economic stimulus package aimed at easing the burden of the people and the business community during the Covid-19 pandemic.

“For the exemption of late fines, it is for recurrent for all types of property,” he said in a statement in Ipoh today.

On the discount for lump sum payments of arrears, Faizal said a 30% deduction would be given for arrears exceeding RM1 million, while arrears of between RM500,000 to RM999,000 were eligible for a 25% reduction.

He said a 20% discount would be given for tax arrears below RM500,000, while a 15% reduction would be given to those who settled their assessment arrears in instalments by December 31.

Apart from that, Faizal said the state government is also offering a discount on land premium payments for Notices 5A and 7G, where if the amount was RM5 million and above, it would require a letter for special consideration to be sent to the state executive council.

For premiums ranging from RM3 million to RM4,999,999, the discount offered is 30%; premiums ranging from RM2 million to RM2,999,999 (25%); premiums between RM500,000 to RM1,999,999 (15%) and 10% for premiums below RM500,000.

However, Faizal said all discounts were limited to notices issued for the current year with payments made before December 31.

He said the fine exemptions and discounts would reduce the state’s revenue potential by RM6.65 million. – Bernama, October 19, 2020.