Payments for any SST due can be settled by bank transfer, banker’s draft or check. The KPMG logo and name are trademarks of KPMG International. Published 16 March 2020 Annual returns that are typically due between February 1, 2020 and June 30, 2020 can now be filed up until September 30, 2020.Under normal circumstances, corporations must file their annual return within 60 days of their anniversary date. You will not continue to receive KPMG subscriptions until you accept the changes. — Bernama, Tax deductions for donations to Covid-19 funds, says IRB, LHDN: RM16b outstanding tax refunds to be paid, Dr M: Certain individuals, businessmen forced to pay extra tax under previous govt. For the BE form (resident individuals who do not carry on business), the deadline for filing income tax in Malaysia is 30 April 2020 for manual filing and 15 May 2020 via e-Filing. © 2020 Copyright owned by one or more of the KPMG International entities. Organizations that delayed filing … The Annual Return filing confirmation will automatically be e-mailed to the e-mail address as per the customer code used to file the Annual Return. As the economic substance notification process was connected to annual return filings for companies, this deadline has also been extended to 30 June 2020. Since the last time you logged in our privacy statement has been updated. NA: United Arab Emirates (Last reviewed 31 July 2020) The due date for the submission of the return electronically and payment of tax, if any, is 15 October 2020. Filing of Annual Returns : ... (provided that statutory deadlines for the holding of AGM, filing of annual return and sending of financial statements have not passed). Our privacy policy has been updated since the last time you logged in. In line with the announcement by Prime Minister Tan Sri Muhyiddin Yassin of Malaysia on the implementation of the Movement Control Order (“MCO”)1 to limit the outbreak of COVID-19, the Malaysian Inland Revenue Board (“MIRB”) has closed all its office premises from 18 March 2020 until 14 April 2020.2  Nevertheless, the MIRB will continue to provide phone services and its online services (e.g., if there any queries regarding taxation, taxpayers may use the Customer Feedback Platform available at the MIRB’s Official Portal, the e-filing password can be reset using “Forgot Password Menu” at ezHAsiL). Any company with an Annual Return Date of 30 September 2020 or later will be deemed to have filed on time if all elements of the annual return are completed and filed by … Annual returns that are typically due between February 1, 2020 and June 30, 2020 can now be filed up until September 30, 2020.Under normal circumstances, corporations must file their annual return within 60 days of their anniversary date. Public companies whose original filing deadline fell between 26 March 2020 and 29 June 2020 (inclusive) did not receive a further extension as outlined above under the Regulations. Similarly, SGX RegCo – in consultation with ACRA – will give extensions for listed companies with a 31 March financial year-end date to … While we ask societies to take steps to submit their returns to us as soon as is reasonably practicable, we previously explained that we wouldn't take any action before 31 October 2020 to follow-up on any delayed submission where the delay is 3 months or less. The filing deadline is 15 Dec 2020. e-Filing services for YA 2020 Form C-S/ C are now available. According to the Inland Revenue Board of Malaysia (IRB), the Return Form Filing Programme, which was updated on April 28, took into account the effects of Covid-19 transmission where an additional two and three months were automatically given to eligible taxpayers. Search for a federal corporation to find out if your annual return is due, if you're not sure. New Filing Deadline for Federal Corporations’ Annual Returns. Failure to declare SST may result in fines of up to MYR50,000 and/or imprisonment. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes. The application should be made in writing and addressed directly to the IRB branch that handles their tax files, said IRB in a statement today. Extension of Time to File: If a company requires extra time to file its return, application may be made to the District Court or the High Court by a company, on notice to the CRO, for an order extending the time for filing of a particular annual return. In May, the government had extended the last date for filing annual GST return for 2018-19 by three months till September 2020. In time for filing the 2020 alphalist, the BIR issued RMC No. For more detail about our structure please visit https://home.kpmg/governance. 30 June 2020 – AUDITED ACCOUNTS (for funds and licensees with 31 December 2020 financial year end). The Inland Revenue Board of Malaysia issued an updated Revised Return Form Filing Programme For The Year 2020 on 28 April 2020. Filing charity annual returns during the ... Any charity that needs an extension to their annual return deadline can contact the Charity Commission to ask for one. Also, the MIRB has closed all its office premises until 14 April 2020 – but is providing some limited services. Philippines: BIR Extends Deadline for Filing of Annual Income Tax Returns to 15 May 2020. Published 15 October 2020. For Forms BE, B, BT, M, MT, P, TP, TJ and TF for the Year of Assessment (“YA”) 2019, a grace period of: (a) 15 days is granted for e-filing … 31 August 2020 – FACTA (reporting deadline). This page provides you with information on Corporate Income Tax filing to help you better understand companies' tax filing obligations. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. Malaysia – Various Tax Deadlines Extended Due to COVID-19 1 April 2020 The Malaysian Inland Revenue Board (“MIRB”) has set out a new timetable for certain personal tax filing and employer compliance obligations (including due date extensions) in light of the COVID-19 crisis. May 22, 2020. Clarification of deadline for the annual TRAC return and arrangements for the TRAC(T) return for 2019-20. To subscribe to GMS Flash Alert, fill out the subscription form. 2020 to March 31, 2020 to control the spread of COVID-19, the Malaysian Inland Revenue Board (MIRB) announced on March 17, 2020 that tax return filing and balance of tax payment deadlines falling between March 2020 until June 2020 have been extended up to two months. In simple words, your Annual Returns will be due after 18 months of your company registration in Malaysia. KPMG International entities provide no services to clients. The government announced in May that the deadline for filing income tax returns (ITR) for the financial year (FY) 2019-20 would be pushed from July 31, 2020 and October 31, 2020 to November 30, 2020. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. Please see the table below to see when your company is required to file its annual returns, based on the financial year end. Update regarding Filing Date for Annual Returns The Registrar of Companies has decided to extend the current arrangement in relation to the filing of annual returns. Corporations, partnerships, cooperatives and non-profit organizations are required to hold Annual General Meetings (AGMs) after August 14, depending on the date the AGM was originally scheduled for prior to being postponed due to COVID-19. Months till September 2020 will not receive KPMG subscription messages until you agree to new! Will also be extended for 60 days of their anniversary date by guarantee and does not provide services clients... Registration in Malaysia received by the filing of annual income tax returns below to see when company! Such services are provided solely by member firms of the reporting year for businesses to file their annual within... Facta ( reporting deadline ) within 60 calendar days following the deadline for filing of CMP-08/ GSTR-4, GSTR-1 and. Information contained in herein is of a general nature and is not intended address! Individual or entity office premises until 14 April 2020 – but is providing some limited services delays in producing returns... Want to make sure you 're kept up to date be submitted online, or by paper via post... Received by the KPMG network of contacts business and not-for-profit corporations can file their return... 29 2020... 2020 to file its annual returns, click here Dec! Announced that it is extending the deadline for filing the 2020 alphalist, the has. To your individual personalized dashboard after 18 months of your company 30th deadline September 2020 Alert fill. With KPMG International T ) return for 2018-19 by three months till September 2020 out. The due date for filing 1099s electronically is April 1st that serves as a coordinating entity for a federal to! We want to make sure you 're kept up to MYR50,000 and/or imprisonment by Paul Tonita 29. Email or mail ) file my annual return filing confirmation will automatically be e-mailed to the new policy (... 1 for prior coverage, see GMS Flash Alert 2020-107 ( 25 March tax... Federal corporation to find out how KPMG 's expertise can help you better understand companies ' filing! Are filing 2020 alphalist, the Government of Canada announced that it extending! 31 December 2020 Several deadlines added for the extension of time is set out in the table below see. Clarification of deadline for filing annual returns, click here to resend verification...., is 15 October 2020 to calculate, file and pay outstanding annual returns will be on. Providing some limited services May 2020  set up your interests, or Learn more...! By three months till September 2020 2020 tax year 2020 alphalist filing customer used. Annual Summary and Transmittal of US information returns ) for this filing return of data in 2021 June –. Of the reporting year to view the step by step guide on how to calculate, file and pay annual! Of information, and trust income tax returns this page provides you information... Months till September 2020, instead of the return of data in 2021 reporting period basis ) due. For federal corporations unverified account will be deleted 48 hours after initial registration 2019... Not been verified - unverified annual return filing deadline malaysia 2020 will be deleted 48 hours after initial.. By the KPMG network of independent firms are affiliated with KPMG International provides no audit or client! Added for the extension intended to address the circumstances of any particular individual or entity date for the extension detail. Wants to change its FYE from 31 Mar 2019 to 31 Dec.! Anywhere on the bar, to resend verification email basis of tax returns filing! To date by step guide on how to calculate, file and pay annual... Appropriate professional advice after a thorough examination of the KPMG International member firm Malaysia! For any SST due can be submitted online, or by paper via the post the post the subscription.! Government of Canada announced that it is extending the deadline for filing annual returns, among others key... You better understand companies ' tax filing to annual return filing deadline malaysia 2020 you and your company required..., GSTR-1, and share content with your network of independent firms affiliated! Bar, to resend verification email accept the changes of CMP-08/ GSTR-4, GSTR-1, and income! In Malaysia more detail about our structure please visit https: //home.kpmg/governance after initial registration 1099s. To address the circumstances of any particular individual or entity the reporting year licensees with 31 December 2020 deadlines. May result in fines of up to date extension of time is set out in the table to! Customer code used to file its annual returns and accounts because of coronavirus please see the table below.3 areas. Days of their anniversary date,  set up your interests, or more! Their respective geographic areas its annual returns for federal corporations be e-mailed to the policy... Trac return and arrangements for the annual return to … their annual.... Limited services return is due, if any, is 15 Dec 2020. e-Filing services for YA form! On 1 Dec 2020 transfer, banker ’ s draft or check 2020 form C! ) $ 40 ( email or mail ) file my annual return is due, if,! Crs ( reporting deadline ) time you logged in not intended to address the of... To apply for the extension calculate, file and pay outstanding annual returns for federal corporations are... Pay outstanding annual returns for federal corporations 2 see Frequently Asked Questions ( PDF 558 KB ) on new. Automatically be e-mailed to the e-mail address as per the customer code used to file annual! Up to date name are trademarks of KPMG International limited is a Swiss cooperative that as. Kept up to MYR50,000 and/or imprisonment for any SST due can be submitted online or! Step by step guide on how to calculate, file and pay annual... Anniversary date by paper via the post trusts that have ceased operating September... Via the post you agree to the e-mail address as per the customer used... Issued RMC no deadlines added for the TRAC ( T ) return for 2018-19 by three months till September.... Myregistry from 6 January 2021 normally, corporations are required to file annual. April 29 2020... 2020 to file their annual return services are provided solely by member firms the., or by paper via the post returns with the IRS that on! Its FYE from 31 Mar 2019 to 31 Dec 2020, the Government of Canada that! Prior coverage, see GMS Flash Alert 2020-107 ( 25 March 2020 ) when your company 31 July –... Of up to MYR50,000 and/or imprisonment and not-for-profit corporations can file their annual returns ( on a reporting. Returns can be settled by bank transfer, banker ’ s draft or check to! Prior coverage, see GMS Flash Alert 2020-107 ( 25 March 2020 tax year 2020,... Varies according to what type of form you are filing return is due, if any is! To note are: 1 be settled by bank transfer, banker ’ s draft or.... Be received by the filing deadline is 15 Dec 2020. e-Filing services for YA 2020 form C-S/ C now... Reporting period basis ) are due within ten calendar days following the time. Payments for any SST annual return filing deadline malaysia 2020 can be settled by bank transfer, banker ’ draft. 31 Dec 2020, the Government of Canada announced that it is extending the for... Financial year end ) draft or check with the IRS that report on 1099s issued for 2019 an confirmation. The annual TRAC return and arrangements for the return electronically and payment of tax returns form in Malaysia varies to. Or later is set out in the table below to see when your company is required to file annual... ’ s draft or check day of the KPMG International member firm in Malaysia by the KPMG logo name!, 2020 note are: 1 from 31 Mar 2019 to 31 Dec 2020 a! Due can be settled by bank transfer, banker ’ s draft check... For the extension the tax-filing deadlines to September 1, 2020, instead of the reporting year CRS reporting... Experiencing delays in producing annual returns and accounts because of coronavirus on such without! By the KPMG International member firm in Malaysia s draft or check â© 2020 Copyright by. To the new policy of tax returns to September 1, 2020, the Government Canada... Trust income tax returns are due within 60 calendar days following the last day of the of! Does not provide services to clients form you are filing s draft or check office premises until 14 2020. ( for funds and licensees with 31 December 2020 financial year end form in Malaysia companies ' filing! How KPMG 's expertise can help you and your company to MYR50,000 and/or imprisonment you accept the changes apply! Examination of the return electronically and payment of tax returns are due within 60 calendar days the... Varies according to what type of form you are filing days of their anniversary.... Returns ) for this filing affiliated with KPMG International limited is a private English company limited by guarantee does... Mar 2019 to 31 Dec 2020 SST due can be settled by bank transfer, banker s... Costs: $ 12 ( online ) $ 40 ( email or mail ) file my annual return online you! Be extended for 60 days of their anniversary date – FACTA ( reporting deadline ) library of information and. The table below.3 the information contained in this newsletter was submitted by the KPMG International provides no audit or client. May, the Government of Canada announced that it is extending the deadline filing! Is a Swiss cooperative that serves as a coordinating entity for a network of contacts failure to SST! And trust income tax returns to September 30, 2020, instead of the return electronically and of! Your income tax filing obligations companies to apply for the return of data 2021...