On 13 August 2026, the Ministry of Finance reminded that loss‑making enterprises that fail to accurately report income remain subject to tax penalties under the Income Tax Act.
Key Takeaways
- Penalty enforcement: Underreporting income does not exempt companies from tax liabilities or penalties.
- Compliance requirement: Accurate income reporting is mandatory to avoid additional sanctions.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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