Form E is a declaration made by the employer to Lembaga Hasil Dalam Negeri (LHDN) or Inland Revenue Board of Malaysia (IRBM) on the number of employees, total remuneration paid to them, as well as the total amount of tax deductions for the year. It is compulsory for all employers in Malaysia to submit Form E, regardless of their size or industry.
Form E is typically submitted together with Form EA, which is a detailed breakdown of the remuneration paid to each employee. Employers can submit Form E and Form EA electronically through the LHDN's e-Filing portal, or manually by post.
The deadline for submitting Form E is 31st March of the following year. For example, Form E for the year 2023 must be submitted by 31st March 2024.
How to fill in Form E
Form E can be downloaded from the LHDN's website. The form is divided into two parts:
Part 1: This section contains general information about the employer, such as the employer's name, address, and contact details.
Part 2: This section contains information about the employer's employees, such as the employee's name, NRIC number, and total remuneration paid for the year.
Employers must complete all relevant sections of Form E accurately and completely. If there are any errors or omissions, the LHDN may impose a penalty.
How to submit Form E
Employers can submit Form E electronically through the LHDN's e-Filing portal, or manually by post.
To submit Form E electronically, employers must first register for an e-Filing account. Once registered, employers can log in to the e-Filing portal and select the "e-Form" tab. Then, select the "Non-Individual" option and then the "e-E" option.
Employers will then be able to upload their Form E and Form EA files. Once the files have been uploaded, employers must review the information carefully and then submit the form.
To submit Form E manually, employers must print out the completed form and Form EA files and mail them to the following address:
Lembaga Hasil Dalam Negeri Malaysia
Kompleks Bangunan Kerajaan
Jalan Tuanku Abdul Rahman
50606 Kuala Lumpur
Malaysia
Penalties for late submission of Form E
Employers who fail to submit Form E on time may be imposed a penalty of up to RM20,000. The LHDN may also impose additional penalties if the employer fails to provide accurate or complete information on the form.
Form E is an important tax form that all employers in Malaysia must submit annually. Employers should ensure that they complete and submit Form E on time and accurately to avoid any penalties.
How Bestar can Help
Bestar is a leading accounting firm in Malaysia that offers a wide range of services, including Form E preparation and submission. Bestar has a team of experienced and qualified accountants who can help you with all aspects of Form E, from data collection and entry to error checking and submission.
Here are some of the ways that Bestar can help you with Form E Malaysia:
Data collection and entry: Bestar can help you to collect and enter the data required for Form E, such as employee names, NRIC numbers, and total remuneration paid. This can save you a significant amount of time and effort, especially if you have a large number of employees.
Error checking: Bestar can check your Form E for errors before you submit it to the LHDN. This can help you to avoid penalties for late or inaccurate submissions.
Electronic submission: Bestar can electronically submit your Form E to the LHDN on your behalf. This is a convenient and efficient way to submit your form, and it also ensures that your form is received on time.
Advice and support: Bestar can provide you with general advice and support on Form E and other tax matters. This can be helpful if you have any questions or concerns about Form E.
In addition to these services, Bestar can also offer you a customized Form E preparation and submission package that meets your specific needs. This package may include additional services such as:
Payroll processing: Bestar can process your payroll for you, which can help you to ensure that your Form E data is accurate and up-to-date.
Tax planning: Bestar can help you to plan your taxes effectively, which can help you to reduce your tax liability.
Tax audit representation: If you are audited by the LHDN, Bestar can represent you and help you to resolve any tax issues.
If you are looking for a reliable and experienced accounting firm to help you with Form E Malaysia, Bestar is a great option. Bestar has a team of experienced and qualified accountants who can help you with all aspects of Form E, from data collection and entry to error checking and submission. Bestar also offers a variety of additional services that can help you to manage your taxes effectively.
To learn more about how Bestar can help you with Form E, please visit our website or contact us for a free consultation.