(A) Personal | | | ON / BEFORE | | 1) | All employment Cases (Form BE)
(Note: All salary income earner group) | 30th April
| | 2) | All business cases (Form B/BE/P)
(Note: All Sole-proprietor, partnership and/or mix) | 30th June
| | 3) | Employer's Remuneration (Form E) | 31st March
|
(B) Company (Sdn. Bhd. Or Berhad) | | | ON / BEFORE
| | 1) | All Active and inactive business (Form C & R)
| 7 mths from
financial year-end |
(Note: For more Tax Updates and other updates, please refer to FAQs or below.) (C) Penalties - Section 107B(3) - Monthly Tax Installment payments
- For Company (Sdn. Bhd.) - the tax installments has to be settled commenting 10th of each month concerned.
- For Sole-proprietor/Partnership - the tax installments has to be settled commenting 28 days from day mentioned in the CP 500 notice.
Failure to comply for payment, would render the person/company subject to a 10% penalty within the 1st 30 days from the due date and a further additional penalty of 5% on the next 30 days.
- Section 107B(4) - Difference between Tax Estimate and Tax Payable
Should there be a difference on the tax payable for the Year of Assessment concerned in comparison to the estimate/revised estimate given and the difference is in excess of 30% from the actual tax payable, the excess will be subjected to a 10% penalty. |
|
