The Inland Revenue Board of Malaysia issued a notice on 25 May announcing that constituent entities may furnish the Country-by-Country (CbC) report notification using the company tax return (C Form) starting from year of assessment 2021. With this change, the notification deadline for constituent entities submitting the C Form is changed from the last day of the reporting fiscal year to the return deadline of the constituent entity (generally 7 months after year-end).
Country-by-Country Reporting (CbCR) Notification using the C Form
Starting YA 2021, constituent entities can now furnish the Country-by-Country Reporting (CbCR) Notification using the C Form.
Constituent entities filing other forms should continue furnishing the notification using the existing method.
Notification (except for constituent entities submitting other than C form) should be made on or before the due date to file the C form.
Further enquiries regarding the matter should be made to email@example.com.