On 13 September 2021, the Inland Revenue Board of Malaysia (IRBM) has published the updated “frequently asked questions on tax matters during the national recovery plan”. Accordingly, companies in Malaysia responsible for filing the CbCR report may request an extension of the filing deadline if the reporting fiscal year falls within the National Recovery Plan period. Application for extension of time must be submitted in writing to Department of International Taxation and the appeal will be considered based on the merits of the case. The National Recovery Plan is effective from 1 June 2021 until further notice.
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