EXTENSIONS TO COMPLIANCE DEADLINES
Update on recent deadline extensions for tax submission and compliance requirements by SSM, LHDN and Customs.
TAX SUBMISSION DEADLINES
COMPANIES
Two (2) months grace period from the due date of submission is allowed for companies with accounting periods ending:
31 July 2019
31 August 2019
30 September 2019
31 October 2019
30 November 2019
INDIVIDUALS
BE Form submission extended to 30 June 2020
EMPLOYERS
Form E submission originally due on the 31 March 2020 has been presented a two (2) month grace period to the 31 May 2020
SST SUBMISSION
SST returns that are due on 31 March 2020 will be extended to 15 April 2020
Full remission on any penalties that were imposed on SST returns prior to or on 15 April 2020
Payment processes via online or by postal service are encouraged
SSM - LODGEMENTS AND SUBMISSIONS
Two (2) weeks moratorium period has been given for lodgement of all statutory filings/notifications upon SSM’s re-opening.
Late filing fees will not be charged during the moratorium period
Full submission deadline can be found at http://lampiran1.hasil.gov.my/pdf/pdfam/ProgramMemfailBN_2020_Pin.1_2.pdf
MEMBERS MEETING
Organisations are encouraged to consider using alternate methods like electronic meetings at multiple venues (as provided under Section 327 of CA2016 - members’ meeting may be held anywhere so long as the main venue is in Malaysia. The Chairperson of the meeting shall be at the main venue .)
EXTENSION OF AGMS
Companies can apply for an extension of more than six (6) months from its financial year-end on the following basis:
a) The need to comply with the Ministry of Health’s advisory note
b) Lack of quorum due to the Covid-19 outbreak
c) The company needs to take appropriate preventive measures in regards to the Covid-19
outbreak
Extension applications made on or before 17 March 2020 (before SSM’s system shutdown on 17 March 2020, 5:00pm) will be processed when SSM re-opens on 1 April 2020. This is subject to further announcements by the government
During SSM’s shutdown period, companies cannot apply for the extension. Applications can only be further submitted when SSM re-opens on 1 April 2020
For companies that do not fulfil the *Practice Note No 3/2018 requirements, these companies can apply for the extension when SSM re-opens despite the application being less than 30 days before the proposed AGM's due date *Practice Note No 3/2018 requirements - application received by Registrar at least 7 days before the end of the event. any subsequent extension of time (EOT) by the company must be made at least 7 days before the last day of the extended period of time for consideration of the Registrar
