🌐 BM | ENG
myTax Logo 
STR
 
EduZone
 
FAQ

Company

Corporate Tax

Introduction

Corporate tax is charged on resident companies (private limited/Sendirian Berhad and public limited/Berhad) that receive income:

  • In Malaysia; and
  • From outside Malaysia, in the case of insurance, sea/air transport, and banking businesses
Company's Responsibilities
SubjectNew CompanyExisting CompanyForm
Tax Estimation
DeliveryWithin the first 3 months from the date of commencement of operations30 days before the start of the basic periodCP204
Payment Start6th month of basic period2nd month of basic periodCP207
Payment DateBefore / on the 15th of the monthCP207
Budget Amendment6th or 9th or 11th month of the basic period or within all three monthse-CP204A
Accounting Period Change Notification

New accounting period less than 12 months
- 30 days before the end of the new accounting period

New accounting period exceeding 12 months
- 30 days before the end date of the original accounting period

CP204B
Form Submission7 months after the closing date of the accounting periode-C
Date of payment of tax balance (if any)Before / on the last day of submission of Form eC
(7 months after the closing date of the accounting period)		CP207

Person in responsibility:

  • Company Directors
  • Company secretary
  • General Manager or key officer
  • Anyone who performs any of the above functions

Failure of the company to carry out its responsibilities will result in the company being convicted of:

  • Criminal Offenses
    • Failure to submit and report income within the prescribed period and failure to report the proper income (false claims) within Income Tax Return Form
  • Civil Offenses
    • Failure to pay income tax within the prescribed period

 

Type Of Assessment Estimated Year (Y/Y)
2009-2015 2016 2017 – 2018 2019 2020-2022 2023-2024
Paid-up capital of up to RM2.5 million at the beginning of the basis period and gross income not exceeding RM50 million
First RM500,000 of taxable income 20% 19% 18% 17%
Remaining taxable income 25% 24% 24% 24%
First RM600,000 of taxable income 17%
Remaining taxable income 24%
The first RM150,000 of taxable income 15%
Taxable income RM150,001 to RM600,000 17%
Taxable income RM600,001 and above 24%
Paid-up capital exceeding RM2.5 million at the beginning of the basis period/Companies other than the above categories
Paid-up capital exceeding RM2.5 million at the beginning of the basis period/Companies other than the above categories 25% 24% 24% 24% 24% 24%

The information that needs to be updated if there are changes is:

  • Correspondence address/business registered address
  • Contact number
  • Change of company name
  • Change of tax agent (if applicable)

Attention

  • Registration for a company's income tax number can be doneonline) using the e-Daftar application at the link https://mytax.hasil.gov.my
  • Refer to account statements, supporting documents, income statements and claim receipts when filling out.
  • Business accounts and supporting documents do not need to be submitted when submitting the forms.
  • Make sure business code being filled in correctly in the Income Tax Return Form (BNCP). Business code guidance can be obtained at https://www.hasil.gov.my.
  • Keep records and account books for 7 years for the purpose of reviewing HASiL.
  • The INTCP must be submitted even if the account suffers a loss.
  • Dormant companies do not need to submit e-CP204, but must submit Form eC annually.
  • The procedure for amending tax form C can be referred to Operational Guidelines 3 of 2024: Procedure for Submission of Amended Return Forms.