CONCESSION ON USE OF FORM CP58

Inland Revenue Board of Malaysia (IRBM) announced that following the meeting between the IRBM and the representatives of associations and corporate bodies regarding the use of Form CP58. 

IRBM has agreed to extend the concession given earlier so that payer companies also need not issue Form CP58 for the calendar year of 2012. However, the yearly statements (January 2012 to December 2012) issued by payer companies to their agents, dealers or distributors must have information regarding monetary and non-monetary incentive payments.

Source : IRBM website