Deadlines for March 2008

Today I am extremely happy to receive the company’s bank statement for the month of February 2008.

What so unusual about this? Well this is the first time the bank statement arrived on the first week of the month ie. in record breaking time. Usually it would arrive around 15th to 20th.

And with the bank statement, I can proceed to do the 5% government custom tax that will be due for payment latest on 28 March 2008 to the Royal Malaysian Customs Department for income received for January and February 2008. The earlier I can get this over and done with, the more time I have to concentrate on completing the Form E ie. Return Form of an Employer for Remuneration for Year 2007 which is due at end of this month. The latest date I have to courier to Kuala Lumpur Inland Revenue Department will be 28 March 2008.

In between these two major deadlines this month, I will also be taking leave and spending a few days in Kuala Lumpur for Good Friday and Easter Sunday plus a few more. So time is really an essence this month.

I cannot complete the Form E for the moment because the company auditor is still finalising the audit of the Company Accounts for Year Ending 30 September 2007. Director’s fees and bonuses will be declared once the final figures are known. These figures have to be included inside the Form E.

(As of today, I completed payment to Inland Revenue Department, Employees Provident Fund, Sosial Security Organisation and Finance Company)

REMINDER to all: Your Form BE ie. Return Form of an Individual (Resident Who Does Not Carry on Business) for Year of Assessment 2007 will be due at the end of April 2008.