How to calculate tax estimate for CP204?

This is the most commonly asked question by our clients in filling up the Form CP204. In order to calculate the possible tax payable for the coming year, the company must made several assumptions and projections based on the current year’s management results. It is important to predict what will happen based on what is having now.

Therefore, keeping an up-to-date management accounts will be the key factor in getting more accurate estimation. Making estimation based on personal feeling or baseless information will always result in wrong estimation, worse still, penalty charged by LHDN for under-estimation of tax payable!

The directors of the company must estimate the tax payable for the coming year at their best efforts and the estimated tax should be as close as the actual one that submitted then (Form C)

Anyway, relieve yourself from this hassle, outsource your tax to us:-

Eurogain Tax Consultancy Sdn Bhd
(Sungai Besi, South KL)
c/o Eurogain Place Building,No 31-4, Jalan Tasik Selatan 3,Metro Centre, Bandar Tasik Selatan,57000 KL, Malaysia.
Tel: +603-9058 1020 / + 603-9058 1050/1080