top of page
  • Writer's pictureCCS

Something About CP 58

Updated: Jun 5, 2023

CP 58:-

129.1 Borang CP58 Pin 012022_1
Download PDF • 229KB


A payer company must only prepare and render form CP58 to its agents, dealers and distributors if monetary and nonmonetary incentives exceed RM 5,000.

If required to furnish a listing of CP58 information to IRBM, a payer company has to submit the information, including incentive amounts of RM 5,000 and below.

Starting from January 1, 2022, companies that make payments in monetary form to resident individuals who are agents, dealers, or distributors are required to withhold 2% tax.

This withholding tax, regulated under section 107D of the Income Tax Act (ITA), applies when the total sums received by agents, dealers, or distributors, in cash or otherwise, exceed RM100,000 in the previous year.

The 2% tax withholding must also be reported in form CP 58.


The articles, templates, and other materials on our website are provided only for your reference.

While we strive to ensure that the information presented is current and accurate, we cannot guarantee the completeness, reliability, suitability, or availability of the website or its content, including any related graphics. Consequently, any reliance on this information is entirely at your own risk.

If you intend to use the content of our videos and publications as a reference, we recommend that you take the following steps:

  1. Verify that the information provided is current, accurate, and complete.

  2. Seek additional professional opinions, as the scope and extent of each issue, may be unique.





  1. 核实所提供的信息是最新的、准确的和完整的。

  2. 寻求额外的专业意见,因为每个问题的范围和程度,可能是独特的。

Keep in touch with us so that you can receive timely updates


1. Website ✍️ 2. Telegram ✍️ 3. Facebook ✍

2,903 views0 comments


bottom of page