The Importance of Malaysia's LHDN Forms CP22, CP22A, and CP22B: A Guide for Employers
As seasoned HR and payroll professionals with three decades of experience, we understand the critical role that compliance plays in managing employee records and tax obligations. In this blog post, we delve into the significance of Malaysia's LHDN (Inland Revenue Board) Forms CP22, CP22A, and CP22B, shedding light on their purpose, recent changes, and the consequences of non-compliance.
What Are Forms CP22, CP22A, and CP22B?
- Form CP22 (Notification Form By Employer For New Employee):
- Employers must report new employees within 30 days from their start date to the IRBM (Inland Revenue Board of Malaysia).
- Failure to comply with this requirement can result in employers being responsible for the tax of their employees, paying the full amount that should have been deducted from the employee's income.
- Form CP22A (Notification Form By Employer For Employee Cessation):
- Private sector employers are required to furnish Form CP22A not less than 30 days before an employee's cessation of employment or not more than 30 days after being informed of their death.
- As of January 1, 2024, Form CP22A must be submitted online through the MyTax portal using the e-SPC application.
- Form CP22B (Notification Form By Employer For Employee Death):
- Government sector employers must submit Form CP22B within the specified timeframe after being informed of an employee's death.
- Compliance with this requirement is crucial to avoid penalties and legal consequences.
Recent Changes: Bulk Submission via MyTax Portal
Starting September 1, 2024, the IRBM has introduced a bulk submission method for these forms. Employers can now conveniently submit multiple notifications through the MyTax portal, streamlining their administrative processes. Here's why this change matters:
- Efficiency and Accuracy:
- Bulk submission reduces manual effort and minimizes the risk of errors.
- Employers can handle multiple notifications in one go, ensuring timely compliance.
- Legal Implications:
- Non-compliance with Form CP22, CP22A, or CP22B can lead to legal repercussions.
- Paragraph 120(1)(c) of the Income Tax Act 1967 stipulates that failure to submit these forms is an offense.
Consequences of Non-Compliance
Employers who neglect their responsibilities regarding these forms may face the following consequences:
- Penalties:
- The IRBM may impose penalties for late or incorrect submissions.
- These penalties can impact an organization's financial health.
- Legal Proceedings:
- Conviction under the Income Tax Act 1967 can result in fines or other legal actions.
- Employers risk damaging their reputation and credibility.
In conclusion, as HR and payroll experts, we emphasize the importance of timely and accurate submission of Forms CP22, CP22A, and CP22B. By embracing the new bulk submission method, employers can ensure compliance, avoid penalties, and contribute to a well-functioning tax system.
Remember, compliance isn't just a legal obligation—it's an essential part of responsible business practices. Stay informed, stay compliant, and empower your organization for success.
Don't wait until it's too late - start make your payroll easier with OtoHR today! Reach me at 016-443 9025 to find out more!
Follow us on Facebook for latest information:
https://www.facebook.com/OtopassMY/