IRB Press Release – Cyberjaya Revenue Service Centre Begins Operations

The Inland Revenue Board (IRB) has issued a press release on 27 February 2012 to inform the public that the Revenue Service Centre at Menara Hasil Cyberjaya has started operations on 27 February 2012. The Revenue Service Centre will facilitate consultation in respect of stamp duty and income tax matters for individual taxpayers only within Cyberjaya.

Members may view the Press Release at IRB’s website

Disruption in e-Filing System Applications

Kindly be informed that the Inland Revenue Board (IRB) has informed the Institute that there will be a disruption in the applications of e-Filing, namely, TAeF, SPSD and HTHA on 26 February 2012 (Sunday) from 8a.m. till 12midnight, for maintenance purposes.

For further assistance, members may email their enquiries to IRB at helpitef@hasil.gov.my.

Schedule on General Issue and Submission of Income Tax Return Forms (ITRFs)

The Inland Revenue Board (IRB) has issued the above Schedule showing the date of general issue of ITRFs and the due date for submission of these ITRFs.  

Members may view the schedule at the IRB’s website.

Filing Programme For Income Tax Return Forms (ITRF) In The Year 2012

The Inland Revenue Board (IRB) has issued the 2012 Filing Programme.  The salient points to note are as follows:

• Where the due date for filing of the Income Tax Return Form (ITRF) falls during the calendar year 2012, a grace period of 15 days is granted for e-Filing. This grace period also applies to payment of balance of tax payable under subsections 103(1), 103(1A) and 103(2) of the Income Tax Act 1967, assessments issued in calendar year 2012 and debt due to the Government under Finance Act 2007 and Finance Act 2009.
• With regard to “manual filing”, a grace period of 3 working days is granted for cases where the ITRFs are sent by post; however, there is NO grace period for ITRFs filed by hand.
• Any application for an extension of time for filing and for payment of the balance of tax payable must be made to IRB separately at least 15 days before the due date for the submission of the ITRF.  Each application should have strong and valid reasons and will be considered based on the merits of the case.  The applications should be addressed to the Director of Policy and Operations Division, IRB at Cyberjaya.
• For companies which commenced operations after 31 December 2007, filing of Form R is not required for Year of Assessment 2010 and subsequent years. 
• For refund cases only, the relevant attachments (Lampiran) and worksheets (Helaian Kerja) have to be submitted manually.

For more information members may view the 2012 Filing Programme at the IRB’s website.

Form CP58 [2011]–Statement of Monetary And Non-Monetary Incentive Payment to An Agent, Dealer or Distributor Pursuant to Section 83A of the Income Tax Act, (ITA) 1967

Further to our e-CTIM No.73/2011, we would like to inform that the Inland Revenue Board (IRB) has uploaded the prescribed Form CP58 (pursuant to Section 83A) on its website.  The form is made available in PDF format and also in Excel format.

The IRB has also provided the Guide Notes on Filling Out the Form CP58. You may view the above documents at the IRB’s website.

Finance Act 2012 (Act 742)

Further to our e-CTIM 22 of 2012, please take note that Section 3 of Finance Act 2012 (Act 742) is now in order, vide the link provided.  

REQUEST FOR 2013 BUDGET PROPOSALS

CTIM requests all members to submit proposals for the 2013 Budget. Members are advised to consider proposals that are of importance to their businesses. More importantly, the proposals must be relevant and can be readily implemented by the Government. Proposals that have a positive impact on the economy will be most welcome.

These proposals will be reviewed by CTIM’s Technical Committee and where appropriate, will be included in the Memorandum for submission to the Ministry of Finance. All proposals must have justification and where relevant, quantification of the impact must be provided to ensure sufficient depth to the proposal.

The 2013 Budget will be tabled on Friday, 28 September 2012. Your proposals should reach us not later than 15 March 2012. You may submit all proposals via email to kslim@ctim.org.my or kim@ctim.org.my. Alternatively you may fax to the Institute at 03-2162 8990.

We look forward to your suggestions by 15 March 2012.