close
Share with your friends

Malaysia: Tax relief includes extended due dates (COVID-19)

Malaysia: Tax relief includes extended due dates

The Malaysian Inland Revenue Board further updated a set of “frequently asked questions” (FAQs) concerning taxation relief provided in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The government issued an order limiting movement for the period from 18 March 2020 to 14 April 2020. In relation, the tax authority has extended due dates for making installments of tax (due on 15 April 2020) to 30 April 2020 and has deferred the time for making monthly tax installment payments for three months for small and medium size enterprises and for six months for companies in the tourism sector. The monthly tax installment payments to accompany form CP500 for March 2020 and for May 2020 can be deferred without the imposition of penalties.

Read an April 2020 report prepared by the KPMG member firm in Malaysia

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal