0000003185 00000 n Increase to the Value of Indebtedness from RM10,000 to RM50,000 (10 Apr 2020) Moratorium for Submission of Statutory Documents (6 Apr 2020) By 28 September 2020. 3.4 The deadline for filing a form (the “Form”) under Sections 352(1), 354 & 356(1) (previously known as Form 34) of the Companies Act 2016 (“CA 2016”) falls within the MCO Period. On 14.04.2020, Royal Custom Malaysia announced that the submission deadline of SST from originally 31 March 2020 extend to before 13 May 2020. 30-Day Moratorium for Submission of Statutory Documents. This extension applies to companies with financial year-ends of 30 September to 31 December 2019. SSM extends the deadline of the “2020 Compliance Campaign of the Companies Act 2016” from 30 April to 30 June 2020. This extension applies to companies with financial year-ends of 30 September to 31 December 2019. When is the deadline for the submission of the revised tax estimate in the third month instalment in 2020? SHAH ALAM: The Companies Commission of Malaysia (SSM) has set Feb 7 and Feb 8 as the deadline for the submission of annual returns and annual … 0 29 July 2020. Deadline for the submission of Form 502 is not later than 30 June 2020 and any submission of Form 502 after the deadline will not be considered by the LHDNM. Within 3 months from the incorporation date. Financial Year Ending (FYE) Can apply to extend to Extended Submission Deadline* %PDF-1.5 %���� Every private limited company must submit their annual returns for each financial year to the SSM no later than 30 days from the yearly anniversary of the incorporation date. endstream endobj 216 0 obj <>/Metadata 17 0 R/Pages 16 0 R/StructTreeRoot 19 0 R/Type/Catalog>> endobj 217 0 obj <>/MediaBox[0 0 595.44 841.68]/Parent 16 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 218 0 obj <> endobj 219 0 obj <> endobj 220 0 obj <> endobj 221 0 obj <> endobj 222 0 obj <> endobj 223 0 obj <> endobj 224 0 obj [266 0 0 0 0 0 0 0 0 0 0 0 0 0 278 278 556 556 556 556 556 556 556 556 0 0 278 0 0 0 0 0 0 667 0 722 722 667 0 0 0 278 0 0 0 833 722 778 667 0 722 667 611 0 667] endobj 225 0 obj <> endobj 226 0 obj [278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 278 556 0 556 0 0 0 556 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 0 0 0 0 0 0 0 0 0 0 667] endobj 227 0 obj <> endobj 228 0 obj [278 0 0 0 0 0 0 0 333 333 0 0 0 0 0 0 556 556 556 0 0 556 0 556 0 0 0 0 0 0 0 0 0 667 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 556 556 0 0 0 222 0 0 222 0 0 0 556 0 333 500 0 0 500] endobj 229 0 obj <>stream 38/2020 to all accountants: ssm’s frequently asked questions (faqs) on: 1. extension of time (eot) for lodgement of financial statements for financial year ending 30 september 2019 until 31 december 2019 2. moratorium of submission of statutory documents to ssm Due date for the payment. 1397 Views. RENEW YOUR BUSINESS CERTIFICATE ONLINE NOW! startxref 10 april 2020: circular no. The revised instalment payments will commence on the month following the submission of Form CP502. The filing period of a company’s financial statements is also extended for 3 months from the last date of the MCO. H��T�k�0�.��p��/:����� ��eki�aд��e��'�킩ƶ�O�{�NO7�Wh�g�j3�1?3���!B h�bb�c`b``Ń3� ��� �w� 30 Nov 2019: 30 Jun 2020: 28 Sep 2020: Period ended. CTIM said even more time may now be required as access to information needed to file the tax returns may continue to be limited under the extended MCO due to inability to work from office, get access to the Internet and obtain the necessary approvals. (MCO) as follows: No. %%EOF Within 7 months from accounting year end. By Mohd Ilham Mat Rabi. Meanwhile, an individual with business source income is given until August 31 to file his tax income return as opposed to June 30. F However, companies will need to apply for this flexibility from SSM, and no late delivery fee will be charged upon the request.-//- 0000098186 00000 n H��T�o�0~�����I1�cljTU�&�B�����b�C����~wN���9����|����D���g� �/q4���/�(D��Z)��u=�a�WK'���N�� Relevant FAQs: Extension of Time. Is There Any Penalty If We Fail to Lodge Annual Return? MCO to facilitate the filing of statutory documents per SSM’s requirements. RM980/- !!! 0000053310 00000 n By 28 August 2020. 0000005288 00000 n By 29 August 2020. The SSM FAQ touches on this relief. Customers can channel any feedbacks regarding the information, if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. 0000005045 00000 n As it is difficult for companies to submit statutory documents during MCO, the Government will grant 30-day moratorium from the last date of the MCO for companies to submit the statutory documents to SSM. 0000001747 00000 n 0000008477 00000 n h�b```b``���$[@��(���1�}��I��7��\���{n}.�`I�.C6!N�E�]�����8��49il8�p%���|�zˉO��^ЦqD��CE��W�ϖ9��#T�-s��������� � Everybody can access this service with Internet connection using online payment such as Prepaid, Credit Card (Visa, Mastercard, AMEX). Key changes are three (3) months grace period (before this is 2 months) […] ... if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. trailer Form E for the Year of Remuneration 2018 i) Submission of a Complete and Acceptable Form E a) Form E shall only be considered complete if C.P.8D is furnished on or before the due date for submission of the form. MCO News Updates. The COVID-19 pandemic and the Movement Control Order (MCO) have affected how businesses operate. endstream endobj 237 0 obj <>stream 0000003587 00000 n The deadline for the submission of the revised tax estimate in the third month instalment in 2020 is based on the company's basis period. New Initiatives to Help Corporations Ease Their Burden. 30 September 2019. <<1981CFBDD9A74F448D02C5D3EA76DFE6>]/Prev 148586/XRefStm 1567>> 0000010714 00000 n Offer Price for New Company Registration. The filing of all income tax return forms that falls between March and June 2020 is extended by two months. As filing Annual Return is the most important legal requirement, failure to do so is an offence and if convicted, the company and its directors will face penalties under sections 165 and 169 of the Companies Act 1965. SSM Registration Cert such as Form 9 or Section 13 (CA 2016) Declaration PKU 50 Form; and; For companies with more than 76 employees, supporting documents such as Statement of Profit and Loss and Revenue Report are required. © 2020 Cheng & Co Group. Hence, the companies’ first submission of Annual Return in compliance with the new Act will only happen in 2018. 17 March 2020 (before SSM’s system shutdown pursuant to the Government’s announcement to enforce the Movement Control Order nationwide), when will the application be processed? For Newly registered company. ,�q������)$��F���` ��3T SSM will to extend the deadline of the “2020 Compliance Campaign of the Companies Act 2016” to June 30, 2020, in which SSM will provide a maximum compound reduction rate of 90 per cent from the original value of the compound for common offences under Companies Act 1965 and Companies Act 2016 for situations where an active company has updated its Annual Returns and … 0000002501 00000 n 0000098828 00000 n The Companies Commission of Malaysia (SSM) announced seven new initiatives to help the corporate sector ease their burden during the Movement Control Order (MCO).. SSM made the announcement on 10 April 2020. A late filing fee is a fee imposed on any prescribed forms or returns that are late in its submission deadline to SSM. 215 42 4 minutes read. Printing requirement for hard copy submission 31 Oct 2019: 30 May 2020: 28 Aug 2020: Period ended. Last week, the Inland Revenue Board announced a two-month extension from the regular tax filing deadline, amid the then March 18-31 MCO. The Government has announced an extension of two months for filing income tax from the original deadline in consideration of the Movement Restriction Order (MRO) that has been enforced during the COVID-19 pandemic. 0000098494 00000 n EMPLOYER STATUTORY SUBMISSION Type of Submission Statutory Deadline Extension Form E Form CP 58 31.03.2020 31.03.2020 31.05.2020 31.05.2020 Form CP21, CP22, CP22A All submission due during the MCO period can submit from 29.04.2020 0000004179 00000 n EMPLOYER STATUTORY SUBMISSION Type of Submission Statutory Deadline Extension Form E Form CP 58 31.03.2020 31.03.2020 31.05.2020 31.05.2020 Form CP21, CP22, CP22A All submission due during the MCO period can submit from 29.04.2020 In this campaign, SSM will provide a maximum compound reduction rate of 90% from the original value of the compound for certain common offences under Companies Act 1965 and CA 2016. 0000009666 00000 n Statutory Body and Submission Period Filing to SSM (30 days) MCO extension of time (Need to apply) SSM Report Lodgement Deadline Period ended 30 Sep 2019 30 Apr 2020 30 September 2019 Period ended 31 Oct 2019 31 May 2020 30 September 2019 Period ended 30 Nov 2019 30 Jun 2020 30 September 2019 Period ended 31 Dec 2019 30 Jul 2020 27 October 2020 ... STAMPS is only accessible for those with business registered with SSM (Companies Commission of By 29 June 2020. The offices of Suruhanjaya Syarikat Malaysia (“SSM”) are closed during the MCO Period and online filing of the Form is not permitted. endstream endobj 255 0 obj <>/Filter/FlateDecode/Index[19 196]/Length 29/Size 215/Type/XRef/W[1 1 1]>>stream Submission of Exemption Applications (EA) related to the AR and FS. 0000007343 00000 n Payment of SOCSO contribution and submission of Form 8A The above is just a portion of many more deadlines for each and every businessman/women to remember. 0000007896 00000 n By 28 Sept 2020. Form Q) due between March 18 and 31, 2020 are automatically extended to April 30, 2020. MCO: Further reliefs granted by SSM and Bursa on submission of financial statements Following the extension of the Movement Control Order (“MCO”)to 28 April 2020 by the Malaysian Government due to the COVID-19 outbreak, the Companies Commission Malaysia (“SSM”)and By 29 July 2020. 31 October 2019. 0000005611 00000 n GUIDE NOTES ON SUBMISSION OF RF 2. EPF, SOCSO, HRDF, SST, SSM & IRBM www.chengco.com.my l enquiry@chengco.com.my l +6 03-7985 9999 (Updated on 2nd June 2020) Statutory Body and Submission Period Statutory Deadline Extension EPF Contributions 1-31 MAR 2020 15 APR 2020 30 Apr 2020 SOCSO and EIS Contributions 1-31 Mar 2020 1-30 Apr 2020 1-31 May 2020 1-30 Jun 2020 1-31 Jul 2020 The application deadline is September 31, 2020. What is the extension deadline? 0000002885 00000 n 0000003718 00000 n b) Form E and C.P.8D must be submitted in accordance with the format as provided by LHDNM. 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