On 25 May 2021, the Inland Revenue Board of Malaysia announced on its website that starting from the year of assessment (YA) 2021, constituent entities can now furnish the Country-by-Country Reporting (CbCR) Notification using the C Form. Constituent entities filing other forms (i.e. TF, TP, LE, etc.) should continue furnishing the notification using the existing method. Notification (except for constituent entities submitting other than C form) should be made on or before the due date to file the C form.
With this change, the notification deadline for constituent entities submitting the C-form changes from the last day of the reporting year to the return deadline of the constituent entity (usually 7 months after the end of the year).
