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Malaysia Inland Revenue Authority - Form E

Update Date:2019-4-19 14:38:40 Source:Tannet (Malaysia) Sdn Bhd Views:924

Malaysia Hotline: +603-2141 8908


In Malaysia, regardless of the size of your company's business, wholly-owned companies, dynamic or static companies, and companies that do not hire employees must submit Form E. Form E is that domestic business people report the latest business status to the Tax Bureau. Employers must submit a statement of details such as the size and salary and expenditure of the whole year to the Tax Bureau.


At present, some small enterprises in Malaysia do not submit Form E to the Tax Bureau in order to reduce the trouble. In fact, the submission of the form E does not result in a loss to the employer. It is only a form submitted. Once the Tax Bureau found out that it was not submitted within the time specified by the Tax Bureau, the employer must pay the fine imposed by the Tax Bureau.





1. Deadline for Submitting Form E

Submission Method

Deadline for submitting Form E

Grace Period

Company

Non-company

Online Submission

March 30 of each year

March 30 of each year

One month (to April 30 of each year)

Manual submission: by mail

Not available and invalid

March 31 of each year

Within 3 working days

Manual submission: on site

Not available and invalid

March 31 of each year

None

* Employers need to pay attention to these deadlines


2. Company That Needs to Submit Form E

Either Sole Proprietor, Partnership, Private Limited, Dormant Company must submit Form E by March 31 of each year. Start from the year of 2014, all Dormant Companies or Companies without any employees are required to submit Form E.


3. Fine

The employer must submit the complete Form E to the tax bureau within the specified time. If some employers are failed to comply with the regulations, the Tax Bureau will impose a fine on the company. Offenders will be convicted under the Income Tax Act (ITA) 1967 Act and may be fined between RM200 and RM20, 000 or imprisoned for up to six months.


4. Submission Methods

The employer can download the Form E from the website of the Tax Bureau, and then fill it out and submit it to the Tax Bureau directly. Employers can also use the electronic platform on the website of the Tax Bureau for submission. In addition, tax consultants from Tannet can provide services for submitting Form E on behalf of employers.


5. Form EA

Form EA is a salary profile that employers must issue to employees, it including income for one year, withholding tax (PCB) and other benefits. Form E and Form EA are related. The content of the Form E comes from the Form EA that the employer issued to the employee. The employer does not have to submit the Form EA to the Tax Bureau, but it must be issues to the employee on or before February 28 of each year.


If you want to submit the Form E, Tannet can handle and help you, because Tannet is familiar with the forms and other matters of the Tax Bureau and can provide you with a tangible solution. For further enquiries, please feel free to call the Tannet Service Hotline at 603-2141 8908 or email tannetmy@gmail.com. Malaysia Company Address: Unit 6.06, Level 6, Amoda 22, Jalan Imbi 55100 Kuala Lumpur.

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