Form CP204, is a crucial tax form in Malaysia used for estimating and paying corporate tax in advance. This form must be submitted by companies operating in Malaysia, except for those under the exempt category, like newly incorporated companies in their first year of operation.

Recently, SOCSO announced under the Employee’s Social Security Act 1969 (Act 4), Employer Circular No. 2 Year 2024, that employers who employ foreign workers, including expatriates and foreign domestic workers, are obligated to ensure that their foreign workers are covered under the Invalidity Scheme.

Explore the key components of Malaysia's taxation system, from individual tax structures to international tax obligations, which collectively support the country's economic growth and fiscal fairness.