Schedule 2

SECOND SCHEDULERegulation 7(2), (3) and (4)Part 1PENALTIES FOR LATE LODGMENT OF ANNUAL DECLARATIONLength of Default (calculated in terms of months after the date on which document was required to be lodged) Late lodgment penalty1.Up to 3 months $3002.Exceeding 3 months $600[S 28/2022 wef 14/01/2022]Part 2PENALTIES FOR LATE LODGMENT OF ANY DOCUMENT OTHER THAN ANNUAL DECLARATIONLength of default (calculated in terms of months after the date on which document was required to be lodged) Late lodgment penalty1.Up to 3 months $502.Exceeding 3 months $200[S 842/2015 wef 03/01/2016][S 954/2024 wef 09/12/2024]