What is CP500

Form CP500 is a pre-determined instalment payment schedule issued by LHDN to individual taxpayers, requiring them to pay estimated tax in 6 bi-monthly instalments during the year of assessment (YA).

 CP500 Instalment Schedule

Failure to pay any instalment by the due date may result in a 10% penalty.

✅Tip: Keep receipts or screenshots of all payments for audit/tracking.

 Key Points

• CP500 are those who have business income and self-employed person.
• Taxpayers can revise the CP500 amount once per year via Form CP502 (before 30 June).
• Any excess paid will be refunded after submission of the actual income tax return (Form B).
• Instalments under CP500 are credited toward your final tax payable for the year.

 Action for Taxpayers

1. Receive CP500 via email or e-filing account.
2. Pay instalments by due dates via FPX or the MyTax portal.
3. Engage a Tax Agent to file Form B by 30 June of the following year.

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