What is CP58?

CP58 is a statement of monetary and non-monetary incentive payment to
an agent, dealer or distributor

What is CP58 ?

CP 58 form is not a tax filing form. It is an income statement that shows the income of incentives, allowances, bonuses, etc. for agents, dealers and distributors, similar to the EA form received by employee.

Pursuant to Section 83A(1) of the Income Tax Act of 1967, as of January 1, 2012, each company must prepare and provide the CP 58 form to its agents, dealers and distributors (hereinafter referred to as agents) by March 31 of each year in accordance with the format required by LHDN.

Who are required to file CP58 form?

The Inland Revenue Board of Malaysia (IRBM) stipulates that if the company pays more than RM5,000 in cash or non-monetary incentives to the agent during the calendar year, they must prepare the CP58 form for each agent. These forms do not have to be submitted to the tax office, but if the tax office requires all information on the rewards paid, the company must provide all incentive payment information, including awards worth less than RM5,000.

What rewards must be reported?

The agent’s reward payments for achieving performance are mainly divided into two categories: cash reward & non-cash incentives

Cash Reward includes basic allowances, commissions or bonuses. If the company provides cash incentives to the agent, it must report the actual amount paid in the CP 58 form.

Material non-cash incentives includes incentives, tour packages, tickets accommodation, car, house and so on. For non-cash rewards, the company must prepare the CP 58 form based on the actual cost.

Tax forms, close up

Which rewards do not have to be reported?

  • Trade discounts and bulk discounts provided by the company
  • Promotional items or gifts which are not stated in the agency contract
  • Incentives given for an open invitation to encourage the public or customers to introduce more customers
  • Provide special discount rates to independent agents
  • Subcontract payment
  • Handling fee
  • Credit rebate
  • Free items that are not based on performance, such as umbrellas, pens, and calendars

When is the due date to provide CP 58 form?

The Form CP 58 shall be provided to the agent, dealer or distributor not later than 31 March in the year immediately following the year in which the incentives mentioned above are paid.


Where to download Form CP58?

The latest version of the form CP58 in PDF and Excel format together with the Guidelines are available at the
Inland Revenue Board Malaysia.​

SQL Accounting Software Favoured Features

SQL accounting software is suitable for all businesses, from small businesses to large organizations. It is crucial to find a business solution that suits you. We cater for every industry. Small business, cloud accounting software, to on-premise accounting software, choose the best fit for your business. SQL Account is user friendly & can be integrated with no fuss.

Free Download Accounting Software trial to experience our accounting software.

Access Anytime, Anywhere

Access your account & manage your business anytime, anywhere.

Batch Emails Statements

Email statement to all your customer individually with password encryptions in one simple click.

Special Industries Version

Accountant set, shipping and forwarding, property management, construction, distributor, motor vehicle system, photocopier meter.

Real-Time CTOS Company Overview Reports

Provide SQL Account users a financial standing overview of their customers and suppliers. Helping users make better business risk assessment.

Advance Security Locks

Allowed users access into the documents with restricted by advance level locks, such as hide salaries in cash book.

Intelligence Reporting

Comprehensive reporting such as commission collection reports, tracks your top 3 profitable customers, annual comparison of profit & loss.

SQL Account Features

General Ledger

It’s easy to manage and track your company’s accounting records


Keep your customers in touch


Manage and keep your supply chain in check


More time. For Sales.


Be cost effective.


Helps take control of your inventory effortlessly