Attention all companies with a 31 December Year-End (YE 31 Dec)!
The deadline to submit your Form CP 204 (Estimate of Tax Payable) for the Year of Assessment (YA) 2026 is just around the corner: 30 November 2025.
Submitting on time is crucial to avoid late submission penalties from LHDN. This is also your first and best opportunity to prevent overpaying taxes and avoid long, frustrating tax refund delays next year.
How to Avoid the Tax Refund Trap:
- Accurate Forecasting: Don’t just reuse last year’s numbers. Base your tax estimate on your actual 2025 performance and realistic 2026 projections. With e-invoicing, you have the real-time data to do this effectively.
- Remember Your Revisions: This is just the first step. You can (and should!) revise your tax estimate in June, September, and November 2026 using Form CP204A if your business performance changes.
- Final 2025 Revision: Don’t forget, you may also need to submit your final revision for YA 2025 (Form CP204A) this month. It’s your last chance to adjust your 2025 tax payments!
Getting your initial estimate right is the foundation of good tax planning and strong cash flow management.
Don’t wait until the last minute. If you need assistance preparing your Form CP 204 or want to ensure your tax estimate is as accurate as possible, contact us today. Let’s secure your financial peace of mind for 2026.
Contact us now for a consultation!
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