Form CP58: What You Need To Know About Commission Statement
The CP 58 tax compliance can be a complex task for business owners. In Malaysia, one such complexity lies in properly filing Form CP58 and the e-Invoice.
“Renovation & Refurbishment is one of the most exciting tax deduction available in 2020/2021. We are looking at RM 300,000. That’s a big sum to claim . There are many many speculations on how liberal it would be?
No more guessing required. the gazette order has been published [PU(A) 381/2020] just before the new year. There is some bad news to this:
The gazette order is now available with all the details required. During last Budget 2021 seminar, Dr Choong reminded participants the best practice is to create a new account code specifically for this special tax deduction : ease claiming and identification. Also do remember his advice on the timing component. Happy tax deducting (the more the merrier) !
If you are new to this, you will find the course on Budget 2021 online learning very helpful for your tax planning.
The CP 58 tax compliance can be a complex task for business owners. In Malaysia, one such complexity lies in properly filing Form CP58 and the e-Invoice.
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