CP204 is the form on which a company submits its estimate of tax payable for a year of assessment. HASiL's tax estimation guidance explains that companies, limited liability partnerships, trusts and co-operatives generally submit Form CP204 and pay estimated tax on a prescribed schedule, subject to statutory exceptions. Companies submit it through e-Filing.
Check the exceptions first
Qualifying newly operating Malaysian-resident companies incorporated in Malaysia may be exempt under subsection 107C(4A). HASiL’s Public Ruling No. 4/2025 explains the relevant years, paid-up ordinary share capital limit and related-company and foreign-ownership exclusions. A newly commenced operation with a first basis period shorter than six months is not required to furnish CP204 for that first year of assessment. A company that has not commenced operations should establish its position separately; making investments can itself count as operations.
When it is due
For a company already in operation, HASiL states that the e-CP204 must be submitted no later than 30 days before the start of the basis period for a year of assessment. Subject to the qualifying-new-company exemption, a company commencing operations with a first basis period of at least six months submits it within three months of commencement. For YA 2026, instalments are generally due by the 15th of each month, starting in the second month of the basis period for an existing operation and the sixth month for a newly commenced operation subject to CP204. The number of instalments follows the months in the basis period. Check the rules for later years separately. If a company does not submit Form CP204, HASiL explains that the Director General may determine the estimate by issuing a notice of instalment payment (CP205).
Minimum estimate and revisions
For an existing operation, the estimate generally must be at least 85% of the preceding year’s revised estimate, or its original estimate if there was no revision. For a newly commenced operation’s first year, estimate tax payable from forecast profits after the relevant tax adjustments. There is no preceding-year estimate on which to apply the 85% test. A company may revise its estimate by submitting Form CP204A in the 6th, 9th or 11th month of the basis period. A company that changes its accounting period should also consider how the change affects its basis period.
This article is general information only. Requirements depend on each company's circumstances; please refer to HASiL's official guidance, and see Saifudin & Co's tax advisory and compliance services if you would like assistance.