Malaysia legislation
Section 18
Section 18
(2)
If the amount of interest calculated in accordance with subsection (1) is less than five ringgit, the interest payable shall be five ringgit in respect of each month or part of a month of the default or delay in payment.
(3)
If the amount of interest calculated in accordance with subsection (1) exceeds five ringgit, the interest payable shall be calculated to the next higher ringgit in respect of each month or part of a month of the default or delay in payment.
(4)
The Board may, in any case in which it thinks fit, remit in whole or in part the payment of any interest due under this section.
Exemption from levy