With tax season fast approaching, it is time for employers to start preparing the employer’s return (“Form E”). Pursuant to subsection 83 (1B) of the Malaysian Income Tax Act 1967 (“the Act”)”), it is mandatory for all employers (including dormant and/or have not commenced business) to submit the Form E for the year ending 31 December 2018 to the Malaysian Inland Revenue Board (“MIRB”) electronically by 31 March 2019. Employers other than companies have the option to submit the Form E via e-Filing or manually (paper form).
Form E must be submitted in accordance with the format as provided by the MIRB, which otherwise, the submission is unacceptable and will not be processed. Furthermore, failure to understand the basis of reporting and incorrect submission is an offence and shall, on conviction, be liable to a fine of not less than RM200 and not more than RM20,000 or to imprisonment for a term not exceeding 6 months or both under subsection 120(1) of the Act.
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