The Difference Between Form EA and Form CP58

Form EA and Form CP58 are statutory documents that companies are required to prepare on an annual basis. As the submission deadlines approach, businesses should ensure these documents are properly prepared to remain compliant with tax regulations.

What Is the Difference Between Form EA and Form CP58?

Form EA
An annual remuneration statement issued by the employer to employees for the purpose of personal income tax filing.

Form CP58
An annual income statement issued by the company to its agents, dealers, and distributors for tax reporting purposes.

Companies are advised to prepare these documents within the stipulated timeframe to avoid potential penalties or legal consequences for non-compliance.