10 Deadlines in the month of May 2024 for Malaysian Companies
In May 2024, Malaysian companies face crucial deadlines for tax compliance and employee benefits. Adhering to these deadlines is essential for maintaining regulatory compliance and smooth business operations. Here are the key deadlines to remember:
May 15, 2024:
- PCB (April Salary): Ensure prompt processing of Monthly Tax Deduction (PCB) for April salaries to comply with tax regulations.
- SOCSO & EIS (April Salary): Submit contributions to the Social Security Organization (SOCSO) and Employment Insurance System (EIS) for April salaries to support employee welfare.
- HRDC (April Salary): Fulfill obligations to the Human Resources Development Corporation (HRDC) by contributing to employee training funds for April salaries.
- EPF (April Salary): Submit employees’ and employer’s contributions to the Employees Provident Fund (EPF) for April salaries to ensure employee retirement benefits.
- CP204 payment: Make timely payments for the CP204 tax form to meet corporate tax obligations and avoid penalties.
- Form BE (e-Filing): Complete and submit individual tax returns (Form BE) via e-Filing for the assessment year, ensuring accuracy and compliance.
May 30, 2024:
- Audited Report (Company F.Y.E Oct 2023): Submit audited financial reports for the company’s financial year ending October 2023 to regulatory authorities for transparency and accountability.
- CP500 (Second Payment): Fulfill the second payment requirement for CP500 to meet corporate tax commitments and deadlines, avoiding legal consequences.
May 31, 2024:
- Form C (Company F.Y.E Sep 2023): Complete and file annual tax returns (Form C) for the company’s financial year ending September 2023, ensuring compliance with tax regulations.
- SST (March – April 2024 payments): Ensure timely payment of Sales and Services Tax (SST) for March to April 2024, complying with tax regulations and avoiding penalties.
Meeting these deadlines is crucial for maintaining financial health, regulatory compliance, and the smooth functioning of Malaysian companies. Plan ahead and allocate resources effectively to meet these deadlines and avoid any potential penalties or legal consequences. If your require Consistant Info to handle these services for your company, feel free to contact us.