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Tax Payment

Instalment Payment CP204

Companies, limited liability partnerships, trust bodies and cooperative societies which have not commenced operation need not furnish Form CP204.

For existing companies, the estimated tax payable has to be paid in equal monthly instalments beginning from the second month of the basis period for a year of assessment.

Example:

Total months in the basis period

=

12 months

Tax Estimate

=

RM12,000

Monthly Installments

=

RM12,000

=

RM12,000/12

=

RM1000

For new companies, instalment payments must commence in the 6th month of the basis period for the year of assessment i.e. payable in the 6th month after the company commences operations. A company is required to pay the instalment of the estimated tax by the 15th day of each month.

Balance of Tax Payment

When a company has determined its actual tax payable, balance of tax which is the actual tax payable after deducting total instalments on the tax estimate, has to be paid within 7 months from the close of the accounting period. Please use the CP207 Form payment slip which is provided together with the C Form to make payment.

Penalty Under Instalment Scheme

  1. If a company fails to pay the monthly instalment on the tax estimate by the stipulated date, a late payment penalty of 10% will be imposed on the balance of tax instalment not paid for the month.

  2. If the difference between the actual tax payable and the estimated tax payable (if the revised estimate is not furnished) is more than 30 % of the actual tax payable, a 10% increase in tax will be imposed on that difference.

The formula for calculating the amount of tax to be increased is as follows:

Amount of tax to be increased = {(AT-ET) - (30% x AT)} x 10%
where:
AT: actual tax payable
ET: revised estimated tax payable or estimated tax payable (if no revised
estimate is furnished)

Penalty for Late Payment

If the balance of tax payable is not paid by the due date, a penalty of 10% will be imposed on the outstanding amount. If the tax payable and penalty is still outstanding within 60 days from the due date, an additional penalty of 5% will be imposed on the tax and penalty outstanding.

Appeal on Penalty

An appeal in writing within 30 days from the statement of account can be submitted to the relevant branch (Collections Unit), if the company does not agree with the late payment penalty imposed.

The company has to pay its tax liability first irrespective of any appeal.

Mode of Payment

Payment At IRBM Payment Counters

Payment can be made at any IRBM payment counters. Every payment needs to be attached with CP 207 payment slip which has been sent to the company. There are 3 IRBM payments counter in Malaysia which is Jalan Tunku Abdul Halim Payment Counter for Peninsular Malaysia, Kuching Payment Counter for Sarawak & Kota Kinabalu Payment Counter for Sabah. To obtain full address of our payment counters, please select fax option in the next menu.

Peninsular Malaysia

Sabah

Sarawak

Ground Floor,
Block 8A,
Government Office Complex
Jalan Tunku Abdul Halim,
50600 Kuala Lumpur

Ground Floor,
Wisma Hasil,
Jalan Tunku Abdul Rahman,
88600 Kota Kinabalu,
Sabah

Level 1,
Wisma Hasil,
No.1 Jalan Padungan,
93100 Kuching,
Sarawak

Payment By Post

Payment by post has to be made using crossed cheque/bank draft and made payable to "THE DIRECTOR GENERAL OF INLAND REVENUE". State the name of the company, the tax reference number, installment number, year of assessment and the address on the reverse side of the cheque. Post dated cheques and cheques issued by banks outside Malaysia will not be accepted. Please do not send cash through the post. Cheque/bank draft has to be submitted to Kuala Lumpur Payment Centre, Jalan Tunku Abdul Halim or collection unit in Kuching or Kota Kinabalu. To obtain full address of our collection branches, please select fax option in the next menu.

Peninsular Malaysia

Sabah

Sarawak

Inland Revenue Board of Malaysia,
Kuala Lumpur Payment Centre,
Level 15, Block 8A,
Government Office Complex Jalan Tunku Abdul Halim,
P.O Box 11061,
50990 Kuala Lumpur

Inland Revenue Board of Malaysia,
Collection Unit,
Ground Floor,
3 & 4 Wisma Hasil,
Jalan Tunku Abdul Rahman,
88600 Kota Kinabalu,
Sabah

Inland Revenue Board of Malaysia,
Collection Unit,
Level 1,
Wisma Hasil,
No. 1,
Jalan Padungan,
93100 Kuching,
Sarawak

Payment At Bank

Tax payment can also be made at any CIMB Bank, Public Bank, Maybank, Affin Bank, Bank Rakyat, Bank Simpanan Nasional and POS Malaysia counters throughout Malaysia. Please use the CP 207 payment slip as a guide to fill up IRBM's Bank In Slip provided at the bank to make payment. The customer's copy of the bank in slip must be kept as a proof of payment. The IRBM will not issue any other receipt for payments made through the bank.

Payment Through Internet

Balance of tax or CP 204 installment payments can also be made through internet banking of Public Bank, Maybank, Hong Leong Bank , Citibank and POS Online.

Beside that, a company can also use the ByrHASiL ( https://byrhasil.hasil.gov.my ) service which is provided through this web site. This service uses the Financial Process Exchange (FPX) and users must have an internet banking account with any of the following bank as in the link below;

http://www.paynet.my/fpx/banks-tpa.html

Acknowledgment of receipt issued through internet banking must be kept as proof of payment.

Payment Of Income Tax Through Monetary Transfer From Overseas

Payment of income tax from oversea through monetary transfer can be done in two methods :

a) Payment via Telegraphic Transfer (TT) / Transfer Interbank Giro (IBG) / Electronic Fund Transfer (EFT)

  • Tax payment via TT, IBG or EFT can be made to the Inland Revenue Board of Malaysia (IRBM) banks account. Details of the account are as follows:
  • Bank Account Number: 8000766957
  • Beneficiary (Payable to): Director General of Inland Revenue
  • Name and address of the bank:
CIMB Bank Berhad, Jalan Tunku Abdul Halim Branch,
Ground Floor, Block 8, Government Office Complex,
Jalan Tunku Abdul Halim,
50480 Kuala Lumpur, Malaysia
  • For Telegraphic Transfer (RENTAS), the CIMB Bank Berhad swift's code is : CIBBMYKL
  • Payer must state tax reference and identification number at payment reference column
  • Important Notice
After making the payment, payer must furnish the following additional information to enable IRBM to update their tax account :
  • Payer name
  • Tax reference number
  • Transaction reference number for the TT/IBG/ EFT
  • Year of assessment
  • Payment code (Please refer to the schedule at paragraph f)​​
    Installment number, if any. If not stated, IRBM will consider current month as the installment number
  • Date Of Payment
  • Payment Amount
The listed information must be sent on the transaction day to IRBM Payment Centre in Kuala Lumpur via : Official receipt will be issued on the amount received by the bank and after the complete payment information received by IRBM. Receipting process will be delayed for payment with incomplete information and late payment penalty could be imposed. The requirement also applicable to any payment of income tax within Malaysia through the ‘Telegraphic Transfer’ medium.

b) By Bank Draft

Payment of income tax from oversea by monetary transfer using bank draft requires the payer to submit the following instrument :
  • Payable to : Director General of Inland Revenue
  • Name and address of payer bank : Must be 'local paying bank' or 'local correspondence bank' so that the draft becomes a local cheque.
Payer may buy Bank draft in other than Malaysian Ringgit (RM). Payer has to ensure that the amount paid is accurate based on the exchange rate on payment day. Payment will be recorded based on the exchange rate on the day it was credited. Payment and payer details must be written clearly at the back page of the bank draft and posted to:

Inland Revenue Board Malaysia
Kuala Lumpur Payment Centre
Ground Floor, Block 8A
Government Offices Complex,
Jalan Tunku Abdul Halim
50600 KUALA LUMPUR, MALAYSIA

Application To Pay Balance of Tax by Instalments

If the company has not fully paid the tax for that period, the company can apply to pay the balance of tax by instalments. The company can request in writing to the Collection Unit before the last date of payment of the relevant year. However, please note that even if the request is accepted, late payment penalty will still be imposed.

Enquiry of Tax Position

Detailed Payment Records

Any enquiry regarding detailed payment records can be made by calling the collection branch where your physical file is located.

Application of Tax Position

If you require a statement of your tax position, you can obtain it by calling or writing to the collection unit of the branch where your physical file is located.

Hit(s) : 258,471
Updated : : 2018-09-21 10:30:02

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