On 21 April 2020, the Inland Revenue Board of Malaysia (IRBM) released an updated FAQ on tax matters during the movement control order period.
The FAQ contains the further extension of country-by-country reporting deadlines in response to the coronavirus outbreak. Previously, CbC reports and CbC notifications that were due 31 March 2020 or 30 April 2020 were extended to a new deadline of 15 May 2020. According to the new FAQ, the deadline for filing CbC reports originally due 31 March 2020 is extended to 15 May 2020 (unchanged from the earlier extension) and is extended to 31 May 2020 for those CbC reports originally due 30 April 2020. The deadline for CbC notifications is extended to 31 May 2020 for those CbC notifications originally due 31 March 2020 or 30 April 2020.
