Monday, February 20, 2012

Form CP 58 : Statement to Agent, Dealer or Distributor

Form CP 58 [2011]: Statement of Monetary and Non-Monetory Incentive Payment to An Agent, Dealer or Distributor Pursuant to Section 83A of the Income Tax Act 1967 is now available for download from IRB website, here are the link:-

The information to be provided in the form includes the following:
1)    Payer’s company particulars
2)    Recipient’s particulars (resident / non-resident)
3)    Particulars of incentive payment
a)    Value of monetary incentive
b)    Value of non-monetary incentive

For year 2012, the payer company is required to submit Form CP58 [2011] to an agent, distributor or distributor no later than 31 May 2012.