INFOGRAPHIC VIDEO (TAX267)

By aliashahirah47 | Updated: Jan. 24, 2025, 11:04 a.m.

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GROUP MEMBERS 1. MUHAMAD FAIQ DANIAL BIN FAUZI 2022817512 2. NURUL ASYIKIN BINTI ISMAIL 2022801716 3. ALIA SHAHIRAH BINTI ARIFFIN MARZUKI 2022607454 4. NUR AMIRA NAJIHA BINTI NOOR ISMAIL 2022490052 5. SITI NURMUYAMAISARAH BINTI MOHD NOR 2022881346

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PREPARED BY:
MUHAMAD FAIQ DANIAL BIN FAUZI
2022817512

NURUL ASYIKIN BINTI ISMAIL
2022801716

ALIA SHAHIRAH BINTI ARIFFIN MARZUKI
2022607454

NUR AMIRA NAJIHA BINTI NOOR ISMAIL
2022490052

SITI NURMUYAMAISARAH BINTI MOHD NOR
2022881346
TAX267
D1AC1104A/5A
Meet
Owner of 
Encik Kuzairi !
Furniture Classic Enterprise (FCE)
Encik Kuzairi regularly creates and keep up-to-date records of business operations
However, he is not a tax knowledgeable person
hired Encik Sujak as an Online Marketing Executive on 2 March 2024.
Encik Sujak
He then decided to...
This implies that he holds duties as an employer for a newly hired employee.
let's look at Encik Kuzairi's responsibilities as an employer!
?
?
?
Now,
Submission of Form CP22
He must notify the Inland Revenue Board of Malaysia (IRBM) about Encik Sujak's employment if he is chargeable or likely to be chargeable to tax
The notification must be submitted within one month from the commencement of employment
Submission of Form CP22
He is required to provide details of the employee's remuneration, including the EPF contributions, monthly tax deductions (PCB) and any arrears or other income.
Form EA
Submission of Form CP22
Encik Kuzairi must deduct the appropriate monthly tax from the employee's salary and remit it to IRBM no later than the 15th of the following month
Form EA
Schedular Tax Deduction (STD)
Submission of Form CP22
Maintain records related to the employee's remuneration and tax deductions for a minimum of 7 years
Form EA
Schedular Tax Deduction (STD)
Retention of Employee Records
What about Encik Sujak's responsibilities as an employee?
Submission of income Tax Return (Form BE)
1
He must file his personal income tax return by 30 April of the following year, detailing his earnings and tax liabilities
Notification of Change in Address
He is required to inform the IRBM of any changes to his residential address within 3 months
2
Compliance with Tax Deductions
He should ensure that his employer deducts the correct tax amount and that his remuneration 
details are accurately 
reported
3
Later....
A senior FCE employee
Puan Jemilah 
Had left the company on 15 November 2024 due to health concern
AFTER YEARS OF SERVICE, PUAN JEMILAH IS LEAVING ?!?!
What should Encik Kuzairi do next?
...
...
...
Submission of Form CP22A
He must infrom IRB not later than one month before Puan Jemilah's cessation of employment if she is subject to tax
Tax clearance letter
IRBM will issue tax clearance letter within 30 days upon receiving the notice
Encik Kuzairi should ensure compliance by withholding final payments to Puan Jemilah until tax clearance is obtained
Retention of Final Payments
He must retain any due payments to Puan Jemilah for at least 90 days after the notice is submitted to the IRBM, to cover any potential outstanding tax liabilities
Final Tax Settlement
Any remaining taxes due by the employee must be settled before releasing any final payments or benefits
THANK YOU FOR WATCHING!!

INFOGRAPHIC VIDEO (TAX267)

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