The Inland Revenue Board of Malaysia (IRBM) has recently announced that mandatory e-filing is required for companies which furnish their estimated tax payable (Form CP204) and Revised Estimation (Form CP204A) for the year of assessment 2018 and onwards. The required provision is under the provision of subsection 107C(1A) of the Income Tax Act 1967 (ITA 1967). Therefore, CP204 and CP204A submitted manually (paper form) by companies will be deemed not received for such purposes under subsection 107C (1A) ITA 1967.
A company shall furnish CP204 to IRBM not less than 30 days before the beginning of a basis period for the year of assessment. Failure to comply with the aforementioned provisions is an offence under subsection 120(1)(f), of the same Act. Upon conviction, companies may be liable to a fine of RM 200.00 to RM 2,000.00 or imprisonment (not more than 6 months) or both.