What is CP204 ??
In layman term, Pay Tax In Advance.
For example, a company year end December, for year 2020, tax return due July 2021 but tax need to be paid from Feb 2020.
When is CP204 start effective ??
In case you don't know, it is not something new, it has been more than a decade.
What IF Director choose not to comply or ignore ??
Penalty will be imposed on Non-compliance as well as late payment
When must CP204 be filed ??
30 days before the beginning of the basis period.
For example:-
For YA2020 (01.01.2020 to 31.12.2020), 30 days before the beginning will be 30th November 2019 or 1st December 2019 (depending how you read it).
So, you must file in an Estimate before 30th November 2019 for Year 2020 (01.01.2020 to 31.12.2020) Relevant FAQs - What is CP500?
- What is CP39?
Remark:-
CP = Cukai Pendapatan
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