Pursuant to subsection 107C (7A) of the ITA:

• Companies are required to submit Form CP204 by e-Filing from the Year of Assessment 2018.
• Trust bodies, cooperatives and Limited Liability Partnerships (LLPs) are required to submit Form CP204 by e-Filing from the Year of Assessment 2019.

Under subsection 107C (2) of the ITA 1967, companies, cooperatives, trust bodies and LLPs in operation must submit e-CP204 not later than 30 days before the commencement of the basis period for a year of assessment.

Subsection 107C (3) of the ITA provides that the minimum amount of tax estimate for a year of assessment shall not less than 85% of the amount of the amendment of tax estimate or the tax estimate amount (if no amendment of tax estimate is submitted) for the immediate preceding year of assessment.

Companies, trust bodies, cooperatives and LLPs that have just started operations can determine the estimated tax payable for the first year of assessment according to the company's estimated profit. The estimated tax payable for the first year of assessment will be the basis for determining the estimated tax for the following year of assessment.

Companies, cooperatives, trust bodies and LLPs are allowed to amend the tax estimates payable by submitting e-CP204A.

Form CP204 for a year of assessment can be amended in the 6th or 9th month or both in the basis period for a year of assessment:

1. If the amendment is made within the 6th month, the instalment of the amendment in effect may be selected starting from the 5th or 6th instalment.
2. If the amendment is made in the 9th month, the instalment of the amendment in effect can be selected starting from the 8th or 9th instalment.

The balance of the tax instalment payable after the amendment will be adjusted using the following approach:

1. If the amendment of the tax estimate exceeds the amount of instalments that should be paid, the balance of the estimated tax payable must be paid in instalments according to the remaining number of instalments available.
2. If the amendment to the tax estimate is less than the amount of instalments that should have been paid, the termination of instalment payment for the following month can be done.

From the Year of Assessment 2019, the provision of subsection 21A (3A) of the ITA requires companies, cooperatives, trust bodies and LLPs to inform the DGIR of any change in the accounting period through the prescribed form, namely Form CP204B within the following period:

Any enquiries regarding CP204/204A/204B, kindly contact Tax Information And Record Management Section (Tax Operations Department) via email anggarancukai@hasil.gov.my.