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INLAND REVENUE BOARD’S ANNOUNCEMENT – REVISION NO. 2

By April 15, 2020 July 7th, 2020 No Comments

Dear Valued Clients,

Further to the announcement of the extension of Malaysia’s Movement Control Order (MCO) period, i.e. between 18 March 2020 and 28 April 2020 [the MCO Period], we are writing to inform that the IRB has updated the Return Form Filing Programme for the Year 2020 and list of Frequent Asked Questions (FAQs) on 10 April 2020.  We attach herewith the Return Form Filing Programme and list of FAQs which were updated on 10 April 2020 for your reference.

The key changes are highlighted as follows:

EXTENSION OF FILING DEADLINE OF INCOME TAX RETURNS FORM (RF)

Taxpayer Form type Statutory due date for submission of RF according to the relevant Act Grace period for submission of RF and payment of tax Extended deadline for submission of RF and payment of tax
Employer E 31 March 2020 31 May 2020
·         Company / Labuan company employers 2 months

(e-filing)

·         Non-company / non-Labuan company employers 2 months

(e-filing/postal delivery/hand delivery)

Individuals, partnerships, associations, deceased persons’ estate and Hindu joint families BE

(Do not carry on business)

 

30 April 2020

 

2 months

(e-filing/postal delivery/hand delivery)

30 June 2020
B

(Carry on business)

 

P

30 June 2020 2 months

(e-filing/postal delivery/hand delivery)

31 August 2020
BT, M, MT, TF, TP 30 April 2020

(Do not carry on business)

2 months

(e-filing/postal delivery/hand delivery)

30 June 2020

 

30 June 2020

(Carry on business)

2 months

(e-filing/postal delivery/hand delivery)

 

31 August 2020

TJ 30 April 2020

(Do not carry on business)

2 months

(postal delivery/hand delivery)

 

30 June 2020

 

30 June 2020

(Carry on business)

2 months

(postal delivery/hand delivery)

 

31 August 2020

Company, Co-operative Societies, Limited Liability Partnerships, Trust Bodies and Petroleum C, C1, PT, TA, TC, TR, TN, CPE, CPP  

Within 7 months from the date following the close of the accounting period which constitutes the basis period for the year of assessment

Return for the Y/A 2019

2 months from the statutory due date of submission for accounting period ending:

 

 

 

 

·    31 Jul 2019 ·   30 Apr 2020
·    31 Aug 2019 ·   31 May 2020
·    30 Sep 2019 ·   30 Jun 2020
·    31 Oct 2019 ·   31 Jul 2020
·   30 Nov 2019 ·   31 Aug 2020
·   31 Dec 2019 ·   30 Sep 2020

In addition to the above extension of filing deadline of the income RF, append below the relevant tax matters extracted from the FAQs for your reference.

Tax matters Description Extended due date
Tax estimates and payments

 

·         CP204 where the statutory due date for submission falls within the MCO Period;

·         CP204A for the 6th and 9th month revision for which the statutory due date falls within the MCO Period; and

·         CP204B where the statutory due date for submission falls within the MCO Period

31 May 2020
·         CP204 instalment payments where the statutory due date falls on 15 April 2020 or 15 May 2020 31 May 2020
·         Submission of special revision of tax estimate in the month of the third month instalment that falls in the month of April 2020.

The deadline for the submission of revised tax estimate in the third month instalment in 2020 is based on the company’s basis period.

31 May 2020
·         Deferment of CP204 instalment payments for 3 months beginning from April 2020 until June 2020 for all types of businesses with Small and Medium Enterprises (SMEs) status.

Definition of SME:

i.         Have a paid-up capital of not more than RM2.5 million ordinary shares at the beginning of the basis period for a year of assessment; and

ii.        Have a gross business income of not more than RM50 million.

Deferment of CP204 instalment payments will be given automatically to all SMEs based on the IRB’s records, i.e. Return Form for Y/A 2018.  Qualified taxpayers will be notified by the IRB via email.

The deferred payments are not required to be made after June 2020.  Any balance of tax must be settled upon submission of the income tax return.

·         Deferment of CP204 instalment payments for 6 months beginning from April 2020 until September 2020 for companies that undertake activities relating to tourism Deferment of CP204 instalment payments will be given automatically based on the IRB’s records.  Qualified taxpayers will be notified by the IRB via email.

The deferred payments are not required to be made after September 2020.  Any balance of tax must be settled upon submission of the income tax return.

·         Deferment of CP500 instalment payments for the month of March 2020 and May 2020 Deferment of CP500 instalment payments will be given automatically based on the IRB’s records.  Qualified taxpayers will be notified by the IRB via email.

The deferred payments are not required to be made after June 2020.  Any balance of tax must be settled upon submission of the income tax return.

Withholding tax ·         Where the withholding tax payment due date falls within the MCO Period

·         The payment can also be made via telegraphic transfer and the transaction details are to be submitted to the IRB via fax (03 6201 9637) or email (HelpTTpayment@hasil.gov.my).

From 29 April 2020 to 31 May 2020

 

Country-by-Country Reporting

(CbCR)

·         Malaysian entities to file the CbCR where the due date falls on:

o  31 March 2020

o  30 April 2020

·         Constituent entities to file the notification for CbCR where the due date falls:

o  31 March 2020

o  30 April 2020

 

 

15 May 2020

31 May 2020

 

 

31 May 2020

31 May 2020

Employer’s obligations ·         Forms CP21, CP22, CP22A or CP22B which are required to be submitted during the MCO Period Beginning 29 April 2020
·         Monthly Tax Deduction (MTD) for the months of March 2020 and April 2020 where the statutory due dates fall on 15 April 2020 and 15 May 2020 respectively 31 May 2020
Tax audit or investigation ·         Submission of Documents requested by the IRB for an audit or investigation which is due within the period of 18 March 2020 until 15 May 2020 31 May 2020
Tax appeals ·         Submission of Form Q which is due during the MCO Period 31 May 2020

Form N is required to be filed by stating the delay is due to the implementation of Movement Control Order

Real Property Gains Tax ·         Real Property Gains Tax returns where the due date falls within 18 March 2020 to 31 May 2020

·         Payment of Real Property Gains Tax where the due date falls within 18 March 2020 to 31 May 2020

31 May 2020
Institution or organisation approved under section 44(6) of the ITA 1967 ·         Submission of audited accounts 30 June 2020
Application Form of an Approved Research and Development (R&D) Project under Section 34A ITA 1967

(Borang 1)

·         Due date for submission of the completed Borang 1 (New Project / Extension Project) which ends on 31 March 2020 or 30 April 2020 30 June 2020

Attachments:

  1. faq (10.04.2020)
  2. ProgramMemfailBN_2020_Pin.2_2