SE Lai CK Alerts #03-2015 (Filing Program for ITRFs in the Year 2015)

Important Circular

Dear Value Clients and Associates

The LHDN have issued the 2015 Filing Program (FP) for the filing of the 2014 Tax Returns, salient points of which are listed below.

Major change in YA 2014

  1. Business entities that are dormant and/or have not commenced business are required to submit the following wef from YA 2014
  • Form E – Remuneration for the Year 2014 for ALL business entities
  • Relevant return forms for companies/ LLP / Trust Bodies / Co-operative Societies
  1. Please see the respective sections below for further details and submission deadlines

 

Return forms

Due date

Grace Period *

Important Note

Form E

Remuneration for 2014

[Para 3 FP]

31 Mar 2015

E-filing

Within 1 month of due date

Postal submission

Within 3 days of due date

Form E filings are required for all companies, LLPs, Trust Bodies and Co-operative Societies, including those which are dormant and/or have not commenced business

Personal and Other

Non-Corporate

Tax Returns

Forms BE, B, BT, M, MT,

P, TP, TJ, TF

[Para 1 FP]

No business income

30 Apr 2015

 

With business income

30 June 2015

E-filing

Within 15 days of due date

Postal submission

Within 3 days of due date

N/A

Companies

  • YA 2014

Forms e-C & e-R

(Where due date falls in the calendar year 2015)

  • YA 2015

Form e-C

[Para 2 FP]

Within 7 months from the date of the financial year-end

E-filing

Within 1 month of due date

  • Paper returns (by post or by hand) are NOT allowed. Only electronic submission (e-filing) are allowed.
  • Tax return filings are required for all companies, including those which are dormant and/or have not commenced business.
  • Companies which have not commenced operation need not furnish Form CP204.
  • Companies which own shares, real properties, fixed deposits and other similar investments are not considered as dormant.

LLP / Trust Bodies /

Co-operative Societies

Forms C1, PT, TA,

TC, TR, TN

[Para 2 FP]

Within 7 months from the date of the financial year-end

Postal submission

Within 3 days of due date

  • Electronic submission (e-filing) facility is not available.
  • Tax return filings are required for all LLP / Trust Bodies / Co-operative Societies, including those which are dormant and/or have not commenced business
  • LLP, trust bodies and cooperative societies which have not commenced operation need not furnish Form CP204.
  • LLP, trust bodies and cooperative societies which own shares, real properties, fixed deposits and other similar investments are not considered as dormant.

Note:

(*)    1. Grace period granted also applies to payment of balance of tax

       2. No grace period are granted for manual submissions (where allowed)

 

A PDF copy of the Filing Program is attached for your kind attention and reference.

Please do not hesitate to contact us should you require clarifications on the above.

 

3 February 2015


Attachment:

Filing Program 2015 (16 Jan 2015)

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