KUALA LUMPUR – The postponement of estimated tax payable (CP204) and Instalment Payment Scheme (CP500) will be given automatically to qualified taxpayers that are small, micro, and medium enterprises from January 1 to June 30, 2022.
The Inland Revenue Board said in a statement today that qualified taxpayers were identified based on records or the latest income tax statement form received by the board.
For the CP204 payment, such enterprises must be companies, co-operatives, trust bodies, and limited liability partnerships that have a paid-up capital of less than RM2.5 million for ordinary shares at the start of the basic period for an assessment year.
In addition, the entity must obtain a gross business income of RM50 million and below for an assessment year.
“The announcement on the postponement of CP204 payments to taxpayers who fulfill the criteria will be sent via registered email with IRB,” said the statement.
Meanwhile, IRB said that the postponement of the CP500 payment is automatically granted to all taxpayers concerned for the 2021 assessment year payment, payable date of January 1, 2022; and the 2022 assessment year payment, payable dates of March 1, 2022 and May 1, 2022). – Bernama, November 29, 2021
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