CP204 & CP204A (Tax Estimation)

Form CP204 is a mandatory submission to the Inland Revenue Board of Malaysia (LHDN) for companies, LLPs, trust bodies, and co-operative societies to declare their estimated tax payable for a Year of Assessment (YA), as required under Section 107C of the Income Tax Act 1967.

e-CP204 Submission Period
For newly established companies:
Entities newly established with a first basis period of at least 6 months must submit e-CP204 within 3 months from the commencement of operations.

For existing companies:
At least 30 days before the new basis period begins.

Minimum Estimate
The amount estimated must be at least 85% of the final tax payable.

Revisions (CP204A)
Taxpayers may revise the estimated tax up to three (3) times:

• 6th month
• 9th month
• 11th month

Revisions must be submitted using Form CP204A.

Payment Schedule
Once submitted, the estimated tax is paid in 12 monthly instalments via the CP204 instalment payment scheme.

Non-compliance Penalties

• A 10% penalty may be imposed if actual tax exceeds the final estimate by more than 30%.
• Late or non-payment of instalments will also incur penalties.

Example:

Video Explanation: https://www.youtube.com/watch?v=YNMn46QhJ7M

BACK