By Admin | 19 September 2026
DID YOU KNOW YOU MAY BE EXEMPT FROM FILING CP204?
Newly incorporated companies may qualify for CP204 exemption for the first 2 Years of Assessment (YAs), subject to the applicable conditions.
Generally, the company must:
✅ Be newly incorporated in Malaysia
✅ Be resident in Malaysia
✅ Have paid-up capital not exceeding RM2.5 million
⚠️ IMPORTANT: FOREIGN OWNERSHIP
If more than 20% of the ordinary share capital is directly or indirectly owned by a foreign-incorporated company or a non-Malaysian citizen, the CP204 exemption does not apply.
📌 Reference: IRBM Public Ruling No. 4/2025
📩 For further assistance, contact us at:
info@taxguardsadvisory.com