e-Filing of Form CP204 AND CP204A
For the purpose of tax administration, the IRB has confirmed that SMEs are still required to submit the Form CP204 within the stipulated deadline but without any estimate of tax payable. Furthermore, the IRBM has announced that companies are required to furnish Form CP204 and CP204A via e-Filing with effect from the Year of Assessment 2018, as required under the provision of subsection 107C(1A) of the Income Tax Act 1967 (ITA 1967). The physical Forms CP204 and CP204A are not deemed received for the purposes of subsection 107C(1A) of the ITA 1967.
The proposal is in line with Government’s objective to encourage more taxpayer to use electronic medium or by way of electronic transmission (i.e. via e-filing submission). Filing your tax through e-Filing also gives you more time to file your taxes, as opposed to the traditional method of filing, where the deadline is usually on April 30.
However, if you are unsure of how to do it properly, you can engage the services of a qualified tax agent to do your tax return. At 3E Accounting, our tax director, Lois Tang is an approved tax agent licensed by the Ministry of Finance, a member of the Chartered Tax Institute of Malaysia. Furthermore, our tax accounting team are of professional background that could ensure the good service. Please don’t be hesitating to contact us today for any tax accounting services.
