Every Employer / Company is required to submit Form E (Borang E) to LHDN (Inland Revenue Board, IRB) every year not later than 31 March (grace period of 1 month till 30 April). This applies to Sdn Bhd / Enterprise / Partnership.
The following information are required to fill up the Borang E:
- Employer’s (company’s) particular
- Details of ALL employees remuneration in the CP8D*
*Starting year 2018, C.P.8D has 18 columns to be filled up per employee which requires extensive information and the coverage of all ranges of remuneration (i.e. salaries, wages, allowance, incentives & etc.)
Automate Form E and CP8D with Beacon Cloud Payroll
Who Needs To File Form E?
All companies! and it must be submitted online for 2018 onwards
What goes into CP8D?
All employees / staffs have to be listed in CP8D. If you have agents, contractors, part time contractors, etc who are not employees they should not be included.
To simplify it:
If you pay them a salary and are listed as your employees (yes put into CP8D)
If you pay them a commission, contract sum, one-off fee, etc (no, doesn’t go into CP8D)
If you pay foreigners a monthly contract fee – either by time-based or fixed (no, doesn’t go into CP8D)
What about foreign workers ? If the permit is under your company, you are the employer (yes put into CP8D)
Automatically determine this using Beacon Cloud Payroll.
No hassles and worry free
What If You Fail To Submit “Borang E and CP8D”?
Failure to do so will result in the IRB / LHDN taking legal action against the company’s director.
A minimum Fine of RM200 will be imposed by IRB for failure to prepare and submit the “Form E and CP8D” as well as prepare and deliver Form EA to the employees.