(For Employees) EA Forms: Deadline 28.02.2021
EA Form is an Annual Remuneration Statement for employees that details the salaries received in the past year. It is a form that is prepared by the employers to the employees. Employees will then use this as a guide for their preparation of individual tax.
(For Company) Form E: Deadline 31.03.2021
Form E is a declaration report to inform the Inland Revenue Board (“IRB”) on the number of employees and the list of employee’s income details. All Companies are required to submit Form E regardless whether they have employees or not. This includes dormant companies or companies which are not in operation. The same goes for partnerships and sole proprietors as well where Form E are mandatory to be submitted
Failure to render the forms
Failure to furnish Form E in accordance with subsection 83(1) or to prepare and render a statement in accordance with subsection 83(1A) will render the employer liable to prosecution under Section 120(1)(b) and on conviction, be liable to a fine or not less than RM200 and not more than RM20,000 or to imprisonment for a term not exceeding 6 months or to both.
If you need further clarification on how to do the filing, please do not hesitate to contact our tax team.
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This material or communication has been prepared for the sole purpose of providing general information to our clients, and is not intended to be relied upon as accounting, tax or other professional advice. Consent has to be obtained from the firm prior to any act of republishing or circulating to the general public. While the information is considered correct at the date of publication, changes in circumstances or updates in tax ruling after the time of publication may impact its accuracy and reliability. We have not, by means of this material or communication, rendered any professional advice or services. Thus, we shall not be responsible for any losses sustained by any person who relies on this material or communication. Please refer to our tax advisors should you require our consultancy services.
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