Tax Treatment – Entities that are Dormant or have not yet started Operations
Entities that are Dormant or have not yet started Operations – PDF 1. Companies, co-operative societies, limited liability partnerships, and trust bodies are all required to file tax returns, even if they are dormant, in the same way, they were in previous years. 2. They do not have to report the estimated tax payable (Form […]
LHDNM responses to clarification sought on FAQ on deferment of CP204 & CP500 installments
LHDNM Responses – Deferment of CP204 & CP500 payment 12
Application Form for Revision of Corporate Income Tax Estimates Amendment For YA 2021 & 2022
1. Companies are required to pay tax in monthly instalments depending on estimated tax liabilities. Each month’s instalments must be paid on or by the 15th of the month. 2. A 10% penalty may be imposed for late or inadequate payments. If the actual tax payable exceeds the estimate by more than 30%, a 10% […]
Updated Guidelines for submission of Estimated Tax Payable (CP 204)
1) The Inland Revenue Board (IRB) has released Operational Guidelines No. 1/2021 (GPO 1-2021) on its website, dated December 22, 2020. 2) The guidelines are captioned “Pengemukaan Anggaran Cukai Yang Kena Dibayar Di Bawah Seksyen 107C Akta Cukai Pendapatan 1967 (ACP)” and are prepared in Bahasa Malaysia. 3) The new 45 pages Guidelines supersede the […]
