Filing Form E is mandatory for submission to LHDN, essential for avoiding penalties and maintaining accurate payroll records, making it vital for responsible business management in Malaysia.
Failing to submit Form E on time can result in penalties from the Inland Revenue Board (LHDN), including fines or audits. To avoid these issues, timely filing is essential, and PayrollPanda streamlines the process to ensure compliance.
To complete Form E, you’ll first need to fill out all employees’ income data from the previous year. PayrollPanda then pre-populates Form E with this payroll information, making it easy to complete, review, and submit, ensuring accuracy throughout the tax reporting process.
Yes, PayrollPanda generates not only Form E but also other tax forms like Form EA, TP3 and CP22, streamlining payroll management and ensuring you can efficiently handle various tax reporting obligations as your business grows.