Tax update: Submission of income tax return for YA 2018 and YA 2019

We have decided to kick start the year with some compliance deadline which sets as a reminder for all entities.
 
YA 2019

• Companies, Co-operative, Societies, Limited Liability Partnerships and Trust Bodies: The deadline for submission of Form C is within 7 months from the date following the close of the accounting period which constitutes the basis period for the year of assessment.

 
YA 2018

• Individuals, Partnerships, Associations, Deceased persons’ estate and Hindu Joint Families: The deadline for submission of Form BE is on the 30 April 2019 for those who does not carry on business. As for individuals with business income, the submission of Form B, BT, M, MT or P are not later than 30 June 2019. 

 
Please be informed that a delay in submitting the ITRF to IRBM is an offense and may be subjected to a penalty equal to treble the tax chargeable under Subsection 112(3) of the Income Tax Act 1967.   
 
If you need further clarification or information, please contact us.

Source:

• IRB website: Updates for submission of YA 2018 and 2019 http://lampiran1.hasil.gov.my/pdf/pdfam/MediaLHDNM_08012019_Program_Memfail_Borang_Nyata_2019.pdf
• IRB website: Deadlines for Income Tax Submission in BM: http://lampiran2.hasil.gov.my/pdf/pdfam/ProgramMemfailBN_2019_1.pdf
• IRB website: Deadlines for Income Tax Submission in English: http://lampiran2.hasil.gov.my/pdf/pdfam/ProgramMemfailBN_2019_2.pdf