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Malaysia: Tax relief, postponed deadlines, responding to coronavirus (COVID-19)

Malaysia: Tax relief, postponed deadlines, coronavirus

The Malaysian Inland Revenue Board issued a series of releases 20-25 March 2020 as well as a set of “frequently asked questions” (FAQs) in relation to taxation matters in response to the coronavirus (COVID-19) pandemic.

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Among the measures announce:

  • No penalty will be imposed on late payment of taxes provided the payment is made by 30 April 2020.
  • There is an extension of time—until 30 April 2020—to submit Form CP204B, Submission of Notification of Change in Accounting Period, which is due in the period from 18 March 2020 to 29 April 2020.
  • An extension of time until 30 April 2020 is allowed for submitting documents for tax audit or investigation, otherwise due within the period of 18 March 2020 to 29 April 2020.


Read March 2020 reports prepared by the KPMG member firm in Malaysia

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