10/05/2022
Do you know you can reduce your CP500 by apply CP502 to do amendment on your installment payment?
❓What is CP 502?
CP 502 is an application for amendment to installment payments (CP500)
✅CP 502 only applicable to sole proprietor and partnership
✅For Sdn Bhd company, applicable to form CP 204A
❓How to reduce CP500?
CP 500 can be revised by completing form CP503 and send to LHDN before 30 June for the current year of assessment.
❗If the revised tax instalment (Form CP 502) is 30 % lower than the actual tax payable, the difference will be subject to a penalty of 10%
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