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IRBM premises and counters operations for the period of 18 March 2020 to 14 April 2020

W.e.f 3rd April 2020, the stamp duty counters at Branch Stamping Office will be open and Hasil Care Line in operation. Other IRBM premises will remain closed.

Country-by-Country Reporting (CbCR)

CbCR report by Entities in Malaysia due on 31 March 2020 & 30 April 2020; Extension of time until 15 May 2020

CbCR notification by Constituent entities in Malaysia due on 31 March 2020 & 30 April 2020; Extension of time until 15 May 2020

Payment for CP500 be deferred

Can be deferred starting from April 2020 to June 2020. The months eligible for deferment are March 2020 and May 2020.

The taxpayer is allowed to revise CP500 on or before the 30th of June 2020.

All the SMEs entitled for deferment of CP500 payment

Deferment of CP500 payment will be given automatically to eligible taxpayers based on payment records with IRBM.

Payment of Income Tax

paid payable during the period between 18 March 2020 to 14 April 2020 will not be imposed Tax increase if the payment is made on or before 30 April 2020.

Deferred payments for CP204 / CP500

Taxpayers do not need to pay the deferred payments. The balance of tax (if any) has to be settled upon the submission of the income tax return.

Deferment of CP204 / CP500 payment to the companies/businesses that qualify under this PRE will not be subject to the tax increase under 107C (9) / 107B (3) of the ITA 1967

Stamp Duty Counter

Stamp duty counters nationwide will be operational from 3 April 2020 to cater to individual duty payers. However, the services available will be limited to:

1. Stamping for individuals and the public who do not have a STAMPS user ID.
2. Payment of stamp duty on the notice of assessment which cannot be made online.

stamp duty falls in the period of 18 March 2020 to 14 April 2020, the payment can be made until 30 April 2020. No late payment penalty will be imposed.

The deadline for the submission of the revised tax estimate in the third-month instalment in 2020

All types of businesses with Small and Medium Enterprises (SMEs) status based on the company’s basis period. An extension of time is granted until 30th April 2020 for revision in the third month of instalment that falls in April 2020.

Companies related to the tourism industry (including those with SME status). eligible for deferment of CP204 payment for 6 months beginning April 2020 until September 2020.

Business criteria that qualify for SME status

2. Have a paid-up capital of less than or equal to RM2.5 million ordinary shares at the beginning of the basis period for a year of assessment; and
3. Have a gross business income of RM50 million and below.

Deferment of CP204 payment will be given automatically to all SMEs based on IRBM’s record.

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Notice of Appeal to the Special Commissioners of Income Tax (SCIT)

Extension of time be given for the submission of  [Form Q] where the due date falls within this period

Taxpayer is required to file Form N and state that the delay is due to the implementation of Movement Control Order

THE INFORMATIONS WAS COMPILED FROM FREQUENTLY ASKED QUESTIONS ON TAX MATTERS DURING THE MOVEMENT CONTROL ORDER PERIOD (18 MARCH 2020 TO 14 APRIL 2020) – update 3 April 2020

All IRBM premises (including e-Filing counters) nationwide will be closed from 18 March 2020 to the end of the MCO period.

Submission to LHDN to commence from 15 April 2020

• Forms CP21, CP22, CP22A or CP22B
• e-Residence
• Tax Clearance Letter (TCL)

Donation to the TABUNG covid-19

IRBM would like to announce that tax deductions Incentives will be  given to donors  who  donate cash or items  to be used to address  The spread of Covid-19 outbreaks and to The People who are affected  by the outbreak.

The Incentives provided under the  income  Tax  Act  (ITA) 1967  are  to:

1. Covid Fund-19 (Ministry of Health Malaysia)

• Type of contribution: cash and goods

2. Covid-19 Fund (National disaster Management, Prime Minister ‘s department )

• Type of contribution: cash only

3. Donations to institutions/organisations approved under subsection 44 (6) of the ITA 1967.

All contribution need to be supported by acknowledgement receipt with official chop prescribed by MOF. Supporting must be kept for verification by LHDN.

LHDN extension of time to taxpayers be given until 30 April 2020 where the due date falls within this period 18 March 2020 until 14 April 2020

• Submission of documents for audit or investigation within the period of 18 March 2020 until 29 April 2020
• Required to provide feedback to IRBM letters by taxpayer
• Submission of Statement of Monetary and Non-Monetory Incentive Payment to An Agent, Dealer or Distributor (Form CP58)
• Submission of Notice of Appeal to the Special Commissioners of Income Tax (SCIT) [Form Q]
• Submission of Form CP204B
• Submit CP204 tax estimates
• First payment of CP500 tax estimates
• Deferment and revision of tax estimate payment (CP204) in the 3rd month (for March 2020 cases) instalment in 2020 under the Economic Stimulus Package.
• Payment of withholding tax.
• Submission of data and payment of MTD / CP38 on remuneration from employment.
• Submission of RPGT return forms and payment

ECONOMIC STIMULUS PACKAGE FOR THE PEOPLE 2020 – Objective No 2: Business Support

• Moratorium loans – postponement of loans for a 6-month period
• Danajamin – security facility for sector impacted by COVID-19
• Small & Medium Enterprise.
• SRF funds and other funds – Reduced interest from 3.75% to 3.5%.
• Micro Credit: Additional funds of RM500 million at 2%.
• Postponement of EPF and others
• To postpone EPF contribution for 6 months for all employees
• HRDF contribution for 6 months exemption for all sectors

Jabatan Kastam Diraja Malaysia (JKDM) operations

• All operations of the Royal Malaysian Customs Department will be open as usual.
• Application/renewal related to customs matters can be submitted online (online) and supporting documents must be enclosed together as appendix (attachments) in email.
• Customers are advised to make phone calls to the nearest Customs office for any advice.
• The period of submitting any statement and payment ended in 31/03/2020 is EXTENDED to 30/04/2020. Penalties incurred for payments made before or in 30/04/2020 will be given full remission.