Taxpayers categorized as companies, limited liability partnerships (LLPs), trusts, and cooperatives are required to submit the Estimated Tax Payable Form (Form CP204) annually and pay the estimated tax according to the prescribed schedule.

1. Companies are required to submit Form CP204 and Form CP204A via e-Filing starting from the Year of Assessment 2018.
2. LLPs, trusts, and cooperatives are required to submit Form CP204 and Form CP204A via e-Filing starting from the Year of Assessment 2019.

The submission method utilizes a digital certificate through:

1. The Tax Agent e-Filing System (TAeF) for all types of tax files.
2. The Organization e-Filing System (OeF) for company directors across all file categories.

Subsection 107C(3) of the ITA stipulates that the minimum amount of estimated tax for a year of assessment must not be less than 85% of the amount of the revised estimate of tax or the amount of the original estimated tax (if no revision is submitted) for the preceding year of assessment.

Companies, LLPs, trusts, and cooperatives that are newly established can determine the estimated tax payable for the first year of assessment based on the company's projected profits. The estimated tax payable for the first year of assessment will serve as the basis for determining the estimated tax for the subsequent year. The determination of the minimum amount under subsection 107C(3) of the ITA applies only starting from the second year of assessment, as stated in paragraph 107C(4)(b) of the ITA.

1. For companies, LLPs, trusts, and cooperatives already in operation, Subsection 107C(5) of the ITA stipulates that the estimated tax payable must be paid to the Director General of Inland Revenue (DGIR) in equal monthly installments, calculated based on the number of months in the basis period. Each installment must be paid no later than the due date, starting from the 2nd month of the basis period for the year of assessment for which the estimate is submitted.
   
   
2. For newly established companies, LLPs, trusts, and cooperatives, Subsection 107C(6) of the ITA requires the estimated tax payable to be paid to the DGIR in equal installments, calculated based on the number of months in the basis period. Each installment must be paid no later than the due date, starting from the 6th month of the basis period for the year of assessment for which the estimate is submitted.
   
   
3. The due date for each installment is the 15th day of the calendar month, as specified under subsection 107C(12) of the ITA.

If a company, LLP, trust, or cooperative fails to submit Form CP204:

1. The DGIR will determine the estimated tax payable for a year of assessment by issuing a Notice of Instalment Payment (CP205) under subsection 107C(8) of the ITA.
   
   
2. Prosecution action under paragraph 120(1)(f) of the ITA may be taken. If convicted, the penalty could be a fine of not less than RM200 and not more than RM20,000, or imprisonment for a period not exceeding 6 months, or both.

1. According to subsection 107C(7) of the ITA, companies, LLPs, trusts, and cooperatives are allowed to amend the estimated tax payable by submitting e-CP204A.
   
   
2. Form CP204 for a year of assessment can be amended in the 6th, 9th, or 11th month, or in all three of these months within the basis period for a year of assessment:
   
   1. If the amendment is made in the 6th month, the revised installment may take effect starting from the 5th or 6th installment.
   2. If the amendment is made in the 9th month, the revised installment may take effect starting from the 8th or 9th installment.
   3. If the amendment is made in the 11th month, the revised installment will take effect from the 11th installment.

For any further questions regarding CP204/204A, please contact the Tax Information And Record Management Section (Tax Operations Department) via email at anggarancukai@hasil.gov.my.