KUALA LUMPUR: Taxpayers who fail to pay their estimated income tax instalments under the CP500 scheme will not automatically face overseas travel restrictions.
CP500 is a payment scheme under which the Inland Revenue Board (IRB) requires certain taxpayers, particularly those earning income outside regular employment, to pay their estimated annual income tax in instalments.
Deputy Finance Minister Liew Chin Tong said failure to pay these instalments would not result in a travel ban because the amount was only an estimate rather than a final tax assessment.
"Failure to pay CP500 instalments does not result in overseas travel restrictions because CP500 is not a final tax assessment.









