Covid-19 and MCO: 10 key tax questions answered
March 30, 2020
MARCH 30 — In light of the movement control order (MCO), the Inland Revenue Board (IRB) andthe Royal Malaysian Customs (RMC) have made various announcements in respect of managing our tax affairs. This is timely as March is when individual taxpayers with business source income finalise their CP 500 instalment plan and make their first instalment payment. Meanwhile, individual taxpayers with non-business income ordinarily file their tax returns by end April or by mid-May for online submission.