With effect from YA 2027, it is compulsory to e-File your partnership’s Form P. For partnerships with more than 10 partners, you are required to complete and submit the Partnership Allocation Template when preparing your Form P to ensure data accuracy.
Get ready for compulsory e-Filing e-Filing of Form P will be made compulsory from YA2027. With e-Filing, all partnerships can enjoy the convenience of going paperless and benefit from faster finalisation of tax matters.
Website update to provide clarity on payments for technical services under Section 12(7)(b) & management services under Section 12(7)(c) of the Income Tax Act 1947.