To Our Valued Clients
Following the Government's implementation of the Movement Control Order 3.0 ["MCO 3.0"] due to the surge in the COVID-19 cases, the Inland Revenue Board ["IRB"] has, on 2nd June 2021, issued the Frequently Asked Questions ["FAQ"] on Tax Matters During the MCO 3.0, with some updates made on 3rd and 4th June 2021.
Some of the salient points of the said FAQ are summarised in the tables below.
| I. |
Submission of Return Forms / Prescribed Forms |
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Remarks |
| Return Forms - Individuals (Resident & Non-resident / Resident & Non-resident Knowledge / Expert Worker), Partnership, Association, Deceased Person's Estate and Hindu Joint Families |
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| Filing of Income Tax Return Form ["ITRF"] for year of assessment ["YA"] 2020 for taxpayers carrying on a business (i.e. Forms e-B, e-M, e-BT, e-MT, e-P, e-TF, e-TJ and e-TP) |
Extension of time be given until 31st July 2021 |
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| Return Form - Companies, Limited Liability Partnership, Co-operative Society, Trust Bodies, Unit Trusts / Property Trusts, Real Estate Investment Trusts / Property Trust Funds and Business Trusts |
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| Filing of ITRF for YA 2020 and YA 2021 (i.e. Forms e-C, e-PT, e-C1, e-TA, e-TC, TR and TN) |
Extension of time as per the 2021 Return Form Filing Programme remains unchanged |
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| Other Prescribed Forms |
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| Submission of tax estimate (Form CP204) and notification of change of accounting period (Form CP204B) which is due in June 2021 |
Extension of time be given until 31st July 2021. Form CP204B needs to be summitted by post or courier. |
| Submission of revision of tax estimates (Forms CP500 and CP204A) which is due in June 2021 |
Extension of time be given until 31st July 2021 |
| Submission of Statement of Monetary and Non-Monetary Incentive Payment to An Agent, Dealer, or Distributors (Form CP58) which is due within the MCO 3.0 period |
Application for extension of time must be submitted by letter or email to the respective IRB's branch which handles the case. The appeal will be considered based on the merits of the case. |
| Submission of Notification of New Employee (Form CP22) within the MCO 3.0 period |
Can be submitted through Customer Feedback Form available at the IRB's official portal |
| Submission of Notice of Appeal (Form Q) to Special Commissioners of Income Tax which is due within the MCO 3.0 period |
Application for extension of time must be done in writing by filing Form N to the respective IRB's branch which handles the case |
| Submission of Country-by-Country Reporting (CbCR) where the financial year-end falls within the MCO 3.0 period |
Application for extension of time must be submitted in writing to Department of International Taxation. The appeal will be considered based on the merits of the case. |
| Application for tax clearance letter within the MCO 3.0 period |
Application can be submitted via:-
| ● |
e-SPC; or |
| ● |
Customer Feedback System |
For submission of ITRF which does not have the e-Filing facility, the ITRF can be submitted by post or appointment only.
Processing of the tax clearance letter application will be made after receiving complete documents and information. |
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| II. |
Payments |
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| |
Remarks |
| Payments for tax estimate instalment which are due in June 2021 |
No extension of time is given. Taxpayers can make payment via online services. |
| Payments for other tax instalment relating to audit and investigation which are due in June 2021 |
No extension of time is given. Taxpayers can make payment via online services. |
| Submission of monthly tax deduction ["MTD"] data and remittance of MTD / CP38 instalment due on 15th June 2021 |
No extension of time is given. Taxpayers can make payment via online services. |
| Compound payments which are due in June 2021 |
No extension of time is given |
| Rescheduling of tax instalment payments |
Taxpayer is required to submit the application with the relevant documents such as cash flow documents |
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| III. |
Appeal and Penalty Payment |
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| |
Remarks |
| Appeal on penalty imposed |
Taxpayer may submit an application for appeal on:-
| ● |
unpaid penalties; |
| ● |
penalties that have been imposed and subject to instalment schedule |
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| Appeal on tax increase |
Taxpayer may submit an application for appeal on tax increase through Customer Feedback Form available at the IRB's official portal |
| Deferment of payment of any outstanding penalty imposed to year 2022 |
Taxpayer may submit an application for deferment of payment through Customer Feedback Form available at the IRB's official portal |
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| IV. |
Real Property Gains Tax ["RPGT"] |
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| |
Remarks |
| Submission of RPGT returns which is due in June 2021 |
Extension of time be given until 31st July 2021 |
| Appeal on penalty |
The appeal will be considered based on the merits of the case |
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| V. |
Stamp Duty |
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| |
Remarks |
| Appeal on penalty |
Will be considered based on the merits of the case |
| Extension of time given for stamping that cannot be done within the MCO 3.0 period |
The appeal must be made within 30 days from the date of the documents and will be considered based on the merits of the case |
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For further information, kindly refer to the FAQ on Tax Matters During the MCO 3.0 (Updated on 4th June 2021).
Please do not hesitate to contact us if you need any clarification on the foregoing.