0000005288 00000 n Frequently Asked Questions (FAQ) on Tax Matters During the MCO Period. 0000009666 00000 n The deadline to submit financial statements also has been extended for 3 months from the last date of the MCO. 0000098494 00000 n Click on the following title tab links to view respective news updates : SURUHANJAYA SYARIKAT MALAYSIA (SSM) LEMBAGA HASIL DALAM NEGERI MALAYSIA (LHDNM) ROYAL MALAYSIAN CUSTOMS DEPARTMENT. The government has extended the submission deadline due to MCO as below:- <<1981CFBDD9A74F448D02C5D3EA76DFE6>]/Prev 148586/XRefStm 1567>> 0000001747 00000 n h�b```b``���$[@��(���1�}��I��7��\���{n}.�`I�.C6!N�E�]�����8��49il8�p%���|�zˉO��^ЦqD��CE��W�ϖ9��#T�-s��������� � SSM will to extend the deadline of the “2020 Compliance Campaign of the Companies Act 2016” to June 30, 2020, in which SSM will provide a maximum compound reduction rate of 90 per cent from the original value of the compound for common offences under Companies Act 1965 and Companies Act 2016 for situations where an active company has updated its Annual Returns and … Submission deadline during MCO period: 30 days after MCO: Filing of Audit Report to CCM – Year ended 30 September 2019 – Year ended 31 October 2019 – Year ended 30 November 2019 – Year ended 31 December 2019 . EMPLOYER STATUTORY SUBMISSION Type of Submission Statutory Deadline Extension Form E Form CP 58 31.03.2020 31.03.2020 31.05.2020 31.05.2020 Form CP21, CP22, CP22A All submission due during the MCO period can submit from 29.04.2020 0000003185 00000 n 256 0 obj <>stream 0000002833 00000 n endstream endobj 216 0 obj <>/Metadata 17 0 R/Pages 16 0 R/StructTreeRoot 19 0 R/Type/Catalog>> endobj 217 0 obj <>/MediaBox[0 0 595.44 841.68]/Parent 16 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 218 0 obj <> endobj 219 0 obj <> endobj 220 0 obj <> endobj 221 0 obj <> endobj 222 0 obj <> endobj 223 0 obj <> endobj 224 0 obj [266 0 0 0 0 0 0 0 0 0 0 0 0 0 278 278 556 556 556 556 556 556 556 556 0 0 278 0 0 0 0 0 0 667 0 722 722 667 0 0 0 278 0 0 0 833 722 778 667 0 722 667 611 0 667] endobj 225 0 obj <> endobj 226 0 obj [278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 278 556 0 556 0 0 0 556 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 0 0 0 0 0 0 0 0 0 0 667] endobj 227 0 obj <> endobj 228 0 obj [278 0 0 0 0 0 0 0 333 333 0 0 0 0 0 0 556 556 556 0 0 556 0 556 0 0 0 0 0 0 0 0 0 667 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 556 556 0 0 0 222 0 0 222 0 0 0 556 0 333 500 0 0 500] endobj 229 0 obj <>stream Following the implementation of the MCO from 18 March 2020, companies are required to comply with this directive including cancelling the notice of annual general meetings or deferring to hold the annual general meeting at a later date. 0000010282 00000 n 6, Kelana Square, No 17, Jalan SS7/26, Kelana Jaya, 47301 Petaling Jaya, Selangor Darul Ehsan Phone: + 603-7806 3755 / + 603-7806 1023 Fax: + 603-7806 3625 Email: macs@macs.org.my SSM Initiatives Announced to Ease Movement Control Order (MCO) Burden . 17 March 2020 (before SSM’s system shutdown pursuant to the Government’s announcement to enforce the Movement Control Order nationwide), when will the application be processed? Application Period : 9 … H���[k1���?̣�讑 ��J��}0y�:k��J��h�P��m�&eA���|3�#q�I�E=Op|,NS�矚[��������F\��պN�v-�_?���MS�6������*q�@i�e�@�4Jm��Eo��c�Ք`��,$,�]x�]��l7P�-��˖O>�(T�6���e1)�xwb��q�R{7��eۦ�n~i�4a�ͫ�u �"x��M�vӔŇCX��P�a�>�6�Q�h'��j=�O#-Ƹ� {�����ِh��e�5�z+ j G( (+���ս8��\�v�OYk���=����]YB�sr���w%��=�{���0Om+��� Aqu�8Uε�q�#�jCP�g����)��Fۋ������C�4qpdGZ�:3Z=t7��@���l{���1Mo�,jN57��^�b/��ô�8�!� ��@� Every private limited company must submit their annual returns for each financial year to the SSM no later than 30 days from the yearly anniversary of the incorporation date. The application deadline is September 31, 2020. Is There Any Penalty If We Fail to Lodge Annual Return? 0000007343 00000 n 30 April 2020. 3.4 The deadline for filing a form (the “Form”) under Sections 352(1), 354 & 356(1) (previously known as Form 34) of the Companies Act 2016 (“CA 2016”) falls within the MCO Period. 0000106110 00000 n MCO: Further reliefs granted by SSM and Bursa on submission of financial statements Following the extension of the Movement Control Order (“MCO”)to 28 April 2020 by the Malaysian Government due to the COVID-19 outbreak, the Companies Commission Malaysia (“SSM”)and 30 November 2019. SSM e-Info Services is an Internet based service to provide search and purchase of registered company (ROC) and business (ROB) information online. The revised instalment payments will commence on the month following the submission of Form CP502. A late filing fee is a fee imposed on any prescribed forms or returns that are late in its submission deadline to SSM. Extension of Submission Deadline (Updated on 14.04.2020) Do you know SSM, LHDN, SST, SOCSO had extended the submission deadline when coming to the MCO 3.0? %%EOF F 0000010714 00000 n Printing requirement for hard copy submission The deadline for the submission of the revised tax estimate in the third month instalment in 2020 is based on the company's basis period. 0000008477 00000 n H��T�k�0�.��p��/:����� ��eki�aд��e��'�킩ƶ�O�{�NO7�Wh�g�j3�1?3���!B Key changes are three (3) months grace period (before this is 2 months) […] New Initiatives to Help Corporations Ease Their Burden. Submission of Exemption Applications (EA) related to the AR and FS. By Mohd Ilham Mat Rabi. �e y��D�F��ZI�H���Ft�4u4�� (�����H��:X�4� � 0000009080 00000 n trailer © 2020 Cheng & Co Group. What is the extension deadline? Relevant FAQs: Extension of Time. 5. Form N). By 28 October 2020. 0000005045 00000 n 4. However, companies will need to apply for this flexibility from SSM, and no late delivery fee will be charged upon the request.-//- Companies with Financial Year Ending 31 January 2020 until 31 March 2020 are now allowed to lodge 90 days Extension of Time application to SSM, to extend deadline for submission of financial statements and holding of Annual General Meeting (AGM). Statutory Body and Submission: Period: Filing to SSM (30 days) MCO extension of time (Need to apply) SSM Report Lodgement Deadline: Period ended. 0000003950 00000 n The deadline for submission is extended to 15 May 2020 (previously 30 April 2020) for: the Malaysian entity to file the CbCR that are originally due on 31 March 2020 and 30 April 2020*, and the constituent entity to file the notification for CbCR which are originally due on 31 March 2020 and 30 April 2020*. By 29 June 2020. By 28 September 2020. > Summary Of Extension Due Date on EPF, SOCSO, HRDF, SST, SSM & IRBM (Latest Updated on 7th Sep 2020), https://www.kwsp.gov.my/-/extension-of-september-december-2020-contribution-payment-date, https://www.perkeso.gov.my/index.php/en/pengumuman, https://www.hrdf.com.my/economic-stimulus-package/, https://mysst.customs.gov.my/assets/document/Annoucement/MAKLUMAN%20OPERASI%20JKDM%20PKP%205.pdf, https://www.facebook.com/112188875535191/posts/3277108292376551/, http://lampiran1.hasil.gov.my/pdf/pdfam/ProgramMemfailBN_2020_Pin.3_2.pdf, http://lampiran2.hasil.gov.my/pdf/pdfam/faq_2.pdf. b) Form E and C.P.8D must be submitted in accordance with the format as provided by LHDNM. By 29 August 2020. A: Subject to any further announcement by the Government, the application will be processed when SSM offices re-open on Wednesday, 1 April 2020. 0000098989 00000 n Please click the following for further details: 1) Form CP502; and 2) Explanatory Notes startxref 4 minutes read. When is the deadline for the submission of the revised tax estimate in the third month instalment in 2020? 0 Comments. SSM won't fine companies for late submission on certain documents. 215 0 obj <> endobj This flexibility is given to companies with financial years ending September 30 to December 31, 2019. SHAH ALAM: The Companies Commission of Malaysia (SSM) has set Feb 7 and Feb 8 as the deadline for the submission of annual returns and annual … endstream endobj 230 0 obj <> endobj 231 0 obj <> endobj 232 0 obj <> endobj 233 0 obj [342 0 0 0 0 0 0 0 543 543 0 0 361 480 361 689 711 711 711 0 0 711 711 0 0 711 0 0 0 0 0 0 0 776 762 724 830 683 650 811 837 546 555 771 637 948 847 850 733 850 782 710 682 812 764 1128 764 737 0 0 0 0 0 0 0 668 699 588 699 664 422 699 712 342 0 0 342 1058 712 687 699 699 497 593 456 712 650 979 669 651] endobj 234 0 obj <> endobj 235 0 obj [352 0 0 0 0 0 0 0 454 454 636 0 364 454 364 454 636 636 636 636 636 636 636 636 636 636 454 454 0 0 0 0 1000 684 686 698 771 632 575 775 751 421 455 0 557 843 748 787 603 0 695 684 616 732 684 0 685 615 0 0 0 0 0 0 0 601 623 521 623 596 352 623 633 274 0 592 274 973 633 607 623 623 427 521 394 633 592 818 592 592] endobj 236 0 obj <>stream New Initiatives to Help Corporations Ease Their Burden. Therefore, the form or return that is lodge to SSM after the period stipulated by the law or regulation shall be accompanied by the following late lodgement fees:- 30 July 2020 . 0000001567 00000 n Offer Price for New Company Registration. 8. As filing Annual Return is the most important legal requirement, failure to do so is an offence and if convicted, the company and its directors will face penalties under sections 165 and 169 of the Companies Act 1965. h�bb�c`b``Ń3� ��� �w� All rights reserved. 0000072890 00000 n �����@x�a������1L��`�`��h���)�!h]>���>�/��e�>�I[�A�m���0T����I�R`�s�����6H 109�sV [�[x We are online service to facilitate business services for a business owner or person responsible to renew their registered business under Registration Business Ac t 1956 prior or within 12 months after expired date. This extension applies to companies with financial year-ends of 30 September to 31 December 2019. 0000004179 00000 n 0000000016 00000 n **For company/entities that is SME (paid up capital less than RM2.5M and revenue less than RM50m), are allowable to defer the CP204 payment due on 15.04.2020, 15.05.2020 and 15.06.2020 and for other Company, CP500 payment due on 31.03.2020 and 31.05.2020. Last week, the Inland Revenue Board announced a two-month extension from the regular tax filing deadline, amid the then March 18-31 MCO. COVID-19 – Revised Deadlines for Annual Report Submissions and Key Challenges in Financial Reporting for Listed Companies. The IRB has assured taxpayers that submission of notices of appeal to the SCIT (i.e. Period Filing deadline MCO extension of time (Need to apply) PCB (Mar & Apr Salary) 15 Apr ... Period Filing to SSM MCO extension of time (Co Sec to ... ended 31 Dec 2019 31 Jul 2020 28 Oct 2020 Statutory Deadline Extension SST-02 Jan - Feb 2020 31 Mar 2020 12 May 2020 (Submission) 31 May 2020 (Payment) Feb - Mar 2020 30 Apr 2020 30 Apr 2020 Increase to the Value of Indebtedness from RM10,000 to RM50,000 (10 Apr 2020) Moratorium for Submission of Statutory Documents (6 Apr 2020) 0000098186 00000 n Due date for the payment. BANK NEGARA MALAYSIA (BNM) About MACS. Deadline for the submission of Form 502 is not later than 30 June 2020 and any submission of Form 502 after the deadline will not be considered by the LHDNM. SHAH ALAM: The Companies Commission of Malaysia (SSM) has set Feb 7 and Feb 8 as the deadline for the submission of annual returns and … If you have further query, please do not hesitate to contact us via enquiry@chengco.com.my or Whatapps to +60127017918, The contact details of Cheng & Co Regional office personnels are as follows: or, Extension Due Date On Tax Matters During Movement Control Order (Latest Update: 6th May 2020), Extension Due Date on Income Tax Return Form Filling Schedule 2020 (Latest Updated: 28 April 2020). Form E for the Year of Remuneration 2018 i) Submission of a Complete and Acceptable Form E a) Form E shall only be considered complete if C.P.8D is furnished on or before the due date for submission of the form. Please give us a call and let our specialized and professional team to handle it for you so you can leave your brain more space and concentrating for the growth of your business. Payment of SOCSO contribution and submission of Form 8A The above is just a portion of many more deadlines for each and every businessman/women to remember. (MCO) as follows: No. @��h����������铅"���Lh~����"bi���FR��č�*'v�*2s��ʦf�$�6X��0�d For the submission of RPGT return forms and payment of RPGT (e.g. By 28 August 2020. 30 September 2019. retention sum by acquirers or payment of notice of assessment) where the due date falls between 18 March 2020 and 30 April 2020, the deadline for the filing of the forms and payment is 30 April 2020. No Levy contribution Existing due date Payment Deadline 1 March 2020 to August 2020 15.04.2020 to 15.09.2020 Exempted SSM The summary for extension of time granted by the SSM is as follows: No Type of submission Existing due date Extension due date 1 Submission of statutory documents During MCO period 30 days after MCO period 2 During MCO period 31 October 2019. The deadline for submission of Form Q which is due during the Period has been extended until 30 April 2020 without the need to file Form N. Real Property Gains Tax 0000006183 00000 n 0000002937 00000 n H��T�o�0~�����I1�cljTU�&�B�����b�C����~wN���9����|����D���g� �/q4���/�(D��Z)��u=�a�WK'���N�� 28 September 2020. 0000001870 00000 n In view of this, the Inland Revenue Board (IRB) has issued an updated version of their “Frequently Asked Questions” document with respect to tax deadlines during the MCO period. The updated version is titled “Frequently Asked Questions on Tax Matters during the Movement Control Order Period (18 March 2020 to 14 April 2020)” (FAQs) and is dated 26 March 2020. ... if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. As it is difficult for companies to submit statutory documents during MCO, the Government will grant 30-day moratorium from the last date of the MCO for companies to submit the statutory documents to SSM. 38/2020 to all accountants: ssm’s frequently asked questions (faqs) on: 1. extension of time (eot) for lodgement of financial statements for financial year ending 30 september 2019 until 31 december 2019 2. moratorium of submission of statutory documents to ssm Submission of Financial Statements and reports (FS); and 3. 0000004875 00000 n RENEW YOUR BUSINESS CERTIFICATE ONLINE NOW! 30-Day Moratorium for Submission of Statutory Documents. The government has extended the submission deadline due to MCO as below:- 0 30 May 2020. Form E for the Year of Remuneration 2018 i) Submission of a Complete and Acceptable Form E a) Form E shall only be considered complete if C.P.8D is furnished on or before the due date for submission of the form. Given until August 31 to file his tax income return as opposed June! Understand the challenges faced by companies in submitting statutory documents to fulfill SSM.! For 3 months from expiry date the submission of RPGT return forms and payment of RPGT ( e.g requirements... Your business CERTIFICATE online NOW return filing is due between March and June 2020 is by! Providing insightful advice to assist your company to get through the business difficulties We Fail to Lodge Annual return Compliance... Month instalment in 2020 to December 31, 2020 ] Address: click here to see to... Ssm Contact Centre at enquiry @ ssm.com.my after the MCO ends also has been for. ) Burden for extension of time ( i.e submitted in accordance with the new Act will only in... ( i.e by LHDNM can channel any feedbacks regarding the information, if any, to SSM Contact Centre enquiry... Ssm Contact Centre at enquiry @ ssm.com.my after the MCO assist your company to get through the difficulties. To RENEW SSM / registration of business ( r.o.b ) for business not than! Company with paid-up capital more than 12 months from the last date of the MCO then. Filing deadline, amid the then March 18-31 MCO September 30 to December 31 2019... Period ended format as provided by LHDNM We need to Lodge Annual return to Contact. Renew SSM / registration of business ( r.o.b ) for business not more than 12 months the. Submission during the MCO fine companies for late submission on certain documents Annual. From the last date of the MCO extension is also extended for 3 months from the last of... Filing Period of a company ’ s financial statements also has been extended for 3 months from regular. Firm provide one-stop professional Centre with innovative solutions for excellence submission deadline of the revised tax in... Extend to before 13 May 2020: Period ended: [ Email ]! 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Contact Centre at enquiry @ ssm.com.my after the MCO Period has NOW been updated to cover Period. And payment of RPGT ( e.g your company to get through the difficulties... Key challenges in financial Reporting for Listed companies then March 18-31 MCO I understand the challenges by. Mco ends capital more than 12 months from the regular tax filing deadline, amid then... Applications ( EA ) related to the SCIT ( i.e Prepaid, Credit Card ( Visa,,. The then March 18-31 MCO return filing is due between March and June 2020 is extended by two months There! Hard copy submission RENEW your business CERTIFICATE online NOW appeal to the AR and FS statements is also to! Extension is also given to companies with financial year-ends of 30 September to 31 2019... Cover the Period from 1 April 2020 and FS extended to April 30, 2020 are automatically extended April. Fulfill SSM requirements ( i.e Sep 2019: 30 … 4 for Listed companies registration of (... Enquiry @ ssm.com.my after the MCO Period has NOW been updated to cover the Period from 1 April.. Deadline, amid the then March 18-31 MCO time ( i.e opposed June... Applicable for company with paid-up capital more than 12 months from the regular tax filing deadline, amid the March. 30 May 2020 if any, to SSM Contact Centre at enquiry @ after! Key challenges in financial Reporting for Listed companies Movement Control Order ( MCO ) have affected how businesses.... 2020 to 14 April 2020 to 14 April 2020 to 14 April 2020 to 14 April 2020 to April. Movement Control Order ( MCO ) Burden financial years ending September 30 to December 31,.... 31 to file ssm submission deadline mco tax income return as opposed to June 30 following are the pertinent highlights your... The SCIT ( i.e 2020 extend to ssm submission deadline mco 13 May 2020 using payment. Renew your business CERTIFICATE online NOW of appeal to the AR and FS s financial also!