Malaysia: CbC reporting notification deadline | KPMG | US
close
Share with your friends

Malaysia: Reminder of approaching country-by-country reporting notification deadline

Malaysia: CbC reporting notification deadline

Taxpayers that are subject to the country-by-country (CbC) reporting requirements also need to note the rules for identifying the reporting entity for the multinational entity group and the requirement to notify the Director General in writing before the applicable deadline. For some taxpayers, this deadline may be 31 December 2017.

1000

Related content

As prescribed in the CbC reporting rules, the deadline to file the CbC reporting notification is on or before the last day of the reporting financial year. For example, for a financial year ending 31 December 2017, the CbC reporting notification must be filed on or before 31 December 2017. 

KPMG observation

Tax professionals have observed that if the information of the CbC reporting entity is currently available, it may be advisable to file the CbC reporting notification by 31 December 2017, regardless of the reporting financial year of the multinational entity group.

 

Read a December 2017 report [PDF 122 KB] prepared by the KPMG member firm in Malaysia

<p>© 2018 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.</p> <p>Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit