MCO News Updates
SURUHANJAYA SYARIKAT MALAYSIA (SSM) |
• Form 5 Registration Guide Please click on the following links for further details: I) Guideline on Registration Form |
• FAQs on Malaysian Business Reporting System (MBRS)
Please click on the following for further details:
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Please be informed that Suruhanjaya Syarikat Malaysia (SSM) had issued a further notice that members of the public are required to make online appointment at least 48 hours should they wish to visit any SSM offices for work purposes https://www.ssm.com.my/Pages/Borang-Temujanji.aspx Members of the public will receive a confirmation email from SSM upon approval of the appointment slot. The confirmation email should be provided as proof when in attendance at the SSM and public are advised to follow strictly the date and time specified in the email.
Please click on the following for further details:
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SSM Counter Operations Open to Public Effective 13 May 2020 Through Appointments Only customers with prior appointments will be allowed to perform transactions at SSM counters throughout the country. To make the appointment, customers need to fill in the Appointment Form available at SSM’s official portal, www.ssm.com.my. Apart from the appointment method, SSM has also introduced alternative methods for customers to submit statutory documents of company via drive through or dropbox and registered post. Customers have to print and fill in the Sender’s Information Form and attach it with the relevant documents for this alternative method. Customers can refer to the FAQs for detailed information on the details of the online appointment and the alternative methods to submit statutory documents in SSM’s official portal, www.ssm.com.my. For further enquiries, please email to enquiry@ssm.com.my. |
SSM Will Resume Its Services at BSN and BKRM Beginning 8 May 2020 |
Malaysian Business Reporting System (MBRS) System Activation For further enquiries, kindly contact:
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MyCoID Account Activation Can Be Done without Having to Be Present at The Counter During MCO |
• Application for Company Information Update |
• Application for Registration of Charges |
• Reactivation of Online System During Movement Control Order (MCO) |
• Reactivation of Ministries, Departments and Federal Government Agencies (KJAKP) Portal |
• FAQs Please click on the following links relating to the SSM FAQs as below:
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• Fully Reactivates Supply of Information All corporate information products involving company and business entities can be accessed through the websites for 24 hours daily. The information on products was updated before the commencement of the Movement Control Period (MCO). Customers can channel any feedbacks regarding the information, if any, to SSM Contact Centre at enquiry@ssm.com.my after the MCO ends. Customer can channel their enquiries on SSM MyData website to 03-2775 9339 and support@mydata-ssm.com.my while customers with feedback on services offered by SSM e-info can channel it to 1300-30-4636, callcenter@ssm-einfo.my |
• Reactivates e-Secretary System to Allow Application of Practicing Certificate to Act as a Company Secretary However, the renewal application module of the practicing certificate is currently being upgraded to accommodate SSM’s recent announcement on the extension of time for company secretaries to comply with the 20 CPE requirements for the first renewal. For further information, please refer to the announcement that was released on 22 March 2020 on the Extension of Time for Renewal of Practicing Certificate to Act as Secretary under Section 241 of the CA2016. SSM will make further announcement on the readiness of the renewal module once the upgrading work is completed. For further enquiry, please channel your feedbacks to SSM Contact Centre at enquiry@ssm.com.my |
• Reactivates Application for the Registration of a Charge Through the MyCoID System However, the registration of charges via the MyCoID system is only applicable for existing users. Registration of new users can only be conducted once the physical SSM counters have been operationalised. For further enquiry, please channel your feedbacks to SSM Contact Centre at enquiry@ssm.com.my. |
• Reactivates Customer Contact Centre However, due to limited number of staff and partners mobility, other customer contact channels will be reactivated in stages from time to time. |
• Seven Initiatives to Ease the Burden of Corporate Sector during Movement Control Order 2) SSM will grant an extension of time (EOT) of three months for companies to lodge their financial statements to SSM. SSM will also waive the application fee of RM100 for companies involved in the EOT. Apart from these two measures, SSM, in line with the Prime Minister’s proposal to ease the burden of the business community, will introduce five other additional initiatives. (Please click the following link for more details) 3) To extend the compliance period of Section 241 of Companies Act 2016 for company secretaries to fulfil their CPE requirements, until December 31, 2020, subject to certain terms and conditions. 4) To increase the value of indebtedness under Section 466 of the Companies Act 2016 from RM10,000 to RM50,000 until December 31, 2020, to reduce taking winding up action against companies. Additionally, companies will also be given a period of six months from the current 21 days, to respond to a notice of demand. 5) To extend the deadline of the “2020 Compliance Campaign of the Companies Act 2016” to June 30, 2020, in which SSM will provide a maximum compound reduction rate of 90 per cent from the original value of the compound for common offences under Companies Act 1965 and Companies Act 2016 for situations where an active company has updated its Annual Returns and Financial Statements; a dormant or inactive company has applied for name revocation under Section 550 of Companies Act 2016 or the company secretary has provided written feedback for the notice under Section 7(11)(b) of the Companies Act 1965. 6) Introduce an exemption from obtaining approval for solicitation of donation from the public to help those affected by the Covid-19 pandemic, by Companies Limited by Guarantee (CLBG). To expedite this noble cause, SSM will grant exemption to CLBGs which have been approved by the Inland Revenue Board Malaysia (IRB) pursuant to subsection 44(6) of the Income Tax Act 1967 (ITA 1967) from applying for the Minister or Registrar’s approval to conduct activities for solicitation of donation from the public for the purpose of Covid-19 pandemic. This exemption is applicable until December 31, 2020. CLBGs which have not been approved by the IRB can also proceed to conduct the solicitation of donation activities from the public but must make an official application within 30 days after the MCO ends. CLBGs that collect donations for the Covid-19 pandemic must keep a record of donations for SSM’s monitoring purposes. 7) To grant EOT for the holding of the Annual General Meeting (AGM) until three months after the MCO ends. However in order to ensure that there is no abuse of the EOT, companies will be required to apply for the EOT to SSM. The companies involved will be exempted from paying the RM100 fee for EOT. (Please click the following link for more details) |
• Activation OF MyCoID Portal The transactions can be performed through this MyCoID Portal as follows; 1. User Registration; Please click here for further details. |
LEMBAGA HASIL DALAM NEGERI MALAYSIA (LHDNM) |
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• Deadline to Submit Tax Return Forms (BNCP) for the Assessment Year of 2019 Extended to 30 June 2020 Taxpayers can now submit their tax returns via the LHDNM online platform, ezHASiL at https://ez.hasil.gov.my/CI/ or submit manually by downloading the tax return forms at the LHDNM official website at www.hasil.gov.my LHDNM encourages taxpayers to submit the tax return forms via online and also further reminded taxpayers not to wait until the last minute to file their tax returns. Please click the following for further details for the tax return filing programme 2020: Please visit LHDNM official portal at www.hasil.gov.my or Contact HasiL Care Line at +603-8911 1000 or +603-89111100(overseas) or through a quick link at https://maklumbalaspelanggan.hasil.gov.my/MaklumBalas/ms-my, HASil Live Chat, Facebook and Twitter if you are required for further clarification. |
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• e-Filing Counter Service is Not Available at the LHDNM Branch. |
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• Hasil Care Line Operations during the month of Ramadan
Besides contacting the HCL, public can also contact all LHDNM branches in the respective states through telephone calls based on the above operational hours and working days. The telephone numbers of the respective LHDNM branches can be accessed via the official LHDNM website at www.hasil.gov.my or through a quick link . |
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• Services Provided During MCO Note: Deadline for the submission of Form 502 is not later than 30 June 2020 and any submission of Form 502 after the deadline will not be considered by the LHDNM. The revised instalment payments will commence on the month following the submission of Form CP502. |
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• Revised FAQs on Tax Matters |
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• Hasil Care Line Recommencement of Operations on 30 March 2020 |
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• Application for Amendment to Instalment Payments by Individuals Deadline for the submission of Form 502 is not later than 30 June 2020 and any submission of Form 502 after the deadline will not be considered by the LHDNM. The revised instalment payments will commence on the month following the submission of Form CP502. Please click the following for further details: |
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• Tax Deduction Incentives for Contributions Made to the Covid-19 Funds |
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• FAQs on Tax Matters during MCO Period |
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• FAQs on Tax Matters during the MCO Period |
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• LHDNM - Re-Operating of the Stamp Duty Counters Nationwide |
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• Re-Operating of Stamp Duty Counters at LHDNM Stamp Office Branches starting 3 April 2020 1. Individuals and public who do not have a user ID STAMPS. The individual and the public shall mean other than the following:
Please click here for further details. |
ROYAL MALAYSIAN CUSTOMS DEPARTMENT |
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• Import Duty and Sales Tax Exemption on KN95 Face Mask |
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Further to the announcement by Royal Malaysian Customs Department (Customs) relating to the
penalty payments of the following taxes/levies, the Royal Malaysian Customs Department (Customs) has made a further revision whereby all penalty payments received by 30 June 2020 (instead of the earlier due date of 31 May 2020) will be fully remitted:
In addition, no legal action will be taken by the Customs for any late filing of a Statement for the affected taxable period. |
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• Operation and Services during the Extension of the Movement Control Order 1. Sales Tax or Service Tax via Statement SST-02
Please click here for further details. |
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• Exemption on Import Duty, Excise Duty and Sales Tax for Raw Materials to Manufacturer of Hand Sanitiser Please click here for further details. |
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• FAQs No. 2/2020 Relating to the Movement Control Order Please click here for further details |
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• Operation and Services during the Extension of the Movement Control Order Please click here for further details. |
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• Circular on Import Duty and Sales Tax Exemption Please click here for further details |
BANK NEGARA MALAYSIA (BNM) |
• DCR 2020 Clinic for DNFBPs & NBFIs. Please click here for more details. |
• Process in Completing the DCR. For ease of understanding on how to respond to the DCR, BNM has produced two videos aimed to guide
the reporting institutions' step-by-step process in completing the DCR. The videos can be accessed
through the following links: BNM has also prepared the DCR in Bahasa Malaysia. Respondents who wish to complete the DCR in Bahasa Malaysia may download the form at: http://amlcft.bnm.gov.my/Docs/DCR_2020_BM.xlsx. As part of the initiatives to elevate the reporting institutions' awareness and compliance to AML/CFT requirements, BNM has embarking on sharing of essential requirements under the AML/CFT and TFS for DNFBPs and NBFIs Policy Document through issuance of their newsletter. Please click here for more details. |
• Issuance of National Risk Assessment (NRA) Perception Survey & Data and Compliance Report 2020. As part of data collection exercise, a Perception Survey is conducted to enhance understanding on key stakeholders’ perception of Malaysia’s exposure to prevailing crimes (domestic and foreign) and vulnerabilities of various sectors to ML and TF risks. For your information the perception survey is a separate exercise from the recently issued Data and Compliance Report (DCR) 2020 which aimed to allow individual reporting institution's self- assessment on its level of ML/TF risk exposures as well as compliance with the AML/CFT requirements. Kindly complete this survey before 19 June 2020 at this link as follows: - |
• Issuance of Data and Compliance Report 2020 (DCR) Members who are classified as reporting institutions are required to submit the DCR to BNM by 21 August 2020. Any queries can be directed to compliancesurvey@bnm.gov.my. Please click the following for further details: |
• Bank Negara Malaysia’s AML/CFT Initiatives During the Covid-19 Pandemic. In the light of the current climate affected by the Covid-19 pandemic, BNM is fully cognisant of the potential disruptions to the normal business operations of your members, particularly small and medium sized businesses. Therefore, in order to ease compliance burden of our reporting institutions (RIs), BNM strives to apply a more pragmatic approach in undertaking our AML/CFT supervisory activities, which are adjusted based on emerging risks and thorough considerations of relevant circumstances and developments of current situations. During this period, greater focus will be placed to intensify awareness among the RIs as well as conducting off-site monitoring to effectively manage and monitor ML/TF risks. Scheduled examinations will be postponed to later of the year to allow firms to focus efforts and resources to resume business activities smoothly and get back to some normalcy after the MCO. As such these are some of the supervisory activities planned or undertaken: 1) Launch of National AML/CFT Compliance Programme Live Webinar Series.
2) Issuance of regular newsletter to update on supervisory activities and topical AML/CFT issues.
Click here for the circular regarding regulatory expectation on AML/CFT measures during the Covid-19 and FAQs on AML/CFT matters relevant to DNBPs and NBFIs. Click here for the infographic of the FAQs. 3) Dissemination of Data and Compliance Report (DCR) 4) Reschedule of on-site and off-premise examination. In addition, BNM will continue to engage with the reporting institutions to provide guidance and support on issues faced in meeting the AML/CFT regulatory obligations throughout this challenging period. BNM welcomes any feedback or suggestions. You may reach out to BNM via email at fied@bnm.gov.my or through its officers below: |