Tax Compliance & Advisory Services

Tax consultants help businesses stay fully compliant with current requirements regarding taxation, including preparing and submitting mandatory annual records, compliance with SST, providing strategies for tax restructuring as well as tax due diligence work. Tax consultants also leverage their in-depth understanding of various tax laws to help business owners legally minimise the amount of tax owed while staying compliant with all local regulations.

Consultation fees start from RM1,000 (excluding disbursement & service tax) based on annual turnover / assets. Please refer to our fee proposal for more detailed information.

Yes, business owners are allowed to do their own taxes, but as the details on a company’s tax situation can be pretty complicated, many businesses would usually engage a third-party tax professional to advise and assist on tax filing and compliance.

It means complying with all legal requirements as stipulated by law, and such compliance is very important to avoid severe legal action and loss of credibility.

Malaysia imposes a two-tier corporate income tax system:

a. for resident company, the preferential tax rate on the taxable income is 17% on the first RM600,000 and 24% on any subsequent amount if the local company falls under this category:

i. it has a paid-up capital of RM2.5 million or less, and a gross income from business of not more than RM50 million;

ii. it does not control, directly or indirectly, another resident company that has a paid-up capital of more than RM2.5 million; and

iii. it is not controlled, directly or indirectly, by another resident company that has a paid-up capital of more than RM2.5 million.

b. for resident company that does not fall under the above category, the tax rate is 24% on its taxable income.

We wish! No, any amount owed to the Government must be paid in full. However, a good tax consultant can help businesses legally reduce this amount as much as possible within the parameter of the law.

Preparation and filing of mandatory annual documents such as tax estimates, tax estimate corrections, annual tax returns and application for tax refunds, where applicable.

Our tax filing services include preparation and filing of mandatory annual tax reports, lodging of SST returns, corporate tax, indirect tax, digital tax, tax clearance and withholding tax, partnership tax returns, and more.

We offer a wide range of tax advisory services including tax compliance advice, tax avoidance strategies, tax computation, tax filing, registration and de-registration of Sales and Service Tax (SST), registration of tax reference numbers and employee numbers, applying for tax incentives etc.

Tax avoidance refers to the legal way to minimise the amount of income tax owed by an individual or a business, such as through claiming for tax deductions, rebates, credits and incentives allowed under the law, maximising retirement contributions or investing in funds or bonds approved by the Government. Tax evasion, on the other hand, is an illegal way to avoid tax payable to the Government, such as through under-reporting income, falsifying deductions, not reporting all applicable business transactions or hiding money in untraceable accounts.

Tax evasion is a serious offence. Individuals or companies who are found liable can be fined, jailed or both.

Our chartered tax consultants are members of Chartered Tax Institute of Malaysia who are legally qualified and well-trained to offer corporate tax advisory services.