Taxation
We are the approved tax agent licensed with the Ministry of Finance under Section 153(3) of the Income Tax Act 1967. Find out more about taxation services we offer below.
Tax Compliance Services
Learn more about the mandatory requirements you are expected to meet within the taxation legislation in Malaysia.
Value Adding Tax Services
Find out more about other value adding tax services we offer, e.g. being your representative for tax audits and appeals, tax planning, customised internal training and other tax advisory services.
Tax Compliance Services
01.
Tax Submission
- Preparing and submission of tax returns (non-exhaustive examples as listed below). This exercise will be supported by a detailed tax computation with supporting schedules, disclosing tax treatments of certain transactions as well as capital allowance calculations, if applicable.
- Form BE for salaried individuals
- Form B for sole proprietors or enterprises
- Form P for partnerships
- Form C for companies
- Form TF for associations or clubs
- Preparing and submission of tax estimates or revision of tax estimates, if any (Form CP204 or CP204A) for companies.
- Submission of Form E (a declaration made to the IRB / LHDN on number of employees and details) for companies, sole-proprietors / enterprises or partnerships with employees. Please note that it is compulsory for ALL companies to submit Form E, regardless of if the company is dormant or do not have any employees.
- Submission of withholding tax. Are there any payments made to non-residents of Malaysia for services rendered in Malaysia? We will be able to advise and assist you with you with withholding tax submission. Additionally, we can help with the assessment or review of withholding tax, including requesting for withholding tax refunds, if any.
- Preparation of transfer pricing documentation. Are you required to prepare transfer pricing document? We will be able to provide you with an assessment on transfer pricing and assist you in preparation of transfer pricing documentation (both full scope and limited scope). We service clients in Ipoh, Kuala Lumpur, Penang and other states in Malaysia.
- Preparation of reinvestment allowance claim form. This includes reviewing and assessment of reinvestment allowance claims for companies.
Value Adding Tax Services
01.
Tax Planning
02.
Tax Health Check
03.
Tax Advice
04.
Tax Audit & Investigations
If you are targeted for desk audits, tax audits or tax investigations we can advise on the best course of action and represent you for negotiations and appeals to the IRB / LHDN. Notably, it is advisable to engage an experienced tax agent or tax consultant to handle your tax audit or investigation at the preliminary stage. That being said, you should already initiate the tax audit and investigation activities upon receiving the tax audit or investigation letter from the IRB / LHDN. This is to minimize any potential tax liabilities.
As your representative in handlings your tax audit or investigations, our scope of work covers:
- Preparing, providing a reply and screening through the documents and information to be provided to the IRB / LHDN;
- Highlighting to you any tax issues that may be potentially challenged by the IRB / LHDN;
- Acting as a liaison between you and the IRB / LHDN;
- Providing written replies to the IRB’s / LHDN’s queries or appealing to the IRB’s / LHDN’s audit or investigation findings, including conducting any technical research on tax case laws, if needed, to support the positions taken by you;
- Liaising with the IRB / LHDN on the settlement and conclusion of the tax audit or investigation.
05.
Tax Appeals
Have you received a Notice of Assessment (Form J) or a Notice of Additional Assessment (Form JA) from the IRB / LHDN? If you do not agree with the amount raised in the Form J or Form JA, you are required to file a tax appeal through Form Q within 30 days from the date when the Form J or Form JA is raised.
If you have missed the 30 days deadline, you may file a Form N for an appeal for extension of time. By all means, please contact us for assistance in filing or submission of Form Q, Form N or any other tax appeals.
06.
Backlog Tax Returns
Many businesses failed to submit their tax returns on time, due to many reasons. For instance, you are unable to close accounts on time, you have incomplete documents, disputes between business partners, personal reasons or etc. On any grounds, it is still compulsory to submit your tax returns.
Pursuant to Section 90(3) of the Income Tax Act 1967, the Director General may raise an assessment based on his best judgement where a person has not furnished a tax return. This is to say, the IRB / LHDN are empowered to raise an assessment based on an estimated amount (through issuing a Form J – Notice of Assessment), if you do not submit your tax returns. For this reason, you will be compulsory to pay the amount raised before making any appeals.
However, as the appeal process and tax refund (if any) may take a long period of time, we would suggest taxpayers to submit their backlog tax returns immediately before such estimated assessment is raised by the IRB / LHDN. By all means, please contact us if you require assistance in submitting your backlog tax returns.
07.
Voluntary Disclosures
08.
Tailored In-House or Internal Tax Seminars & Trainings
09.
Capital Statements
10.
Transfer Pricing Document
We assist our clients in preparing either a limited scope or a full-scope of transfer pricing documentation.
Malaysian entities entering into transactions with associated persons are required to prepare contemporaneous transfer pricing documentations (“TPD”). This applies to both cross border and domestic transactions.
We will be able to provide you with an assessment on transfer pricing and assist you in preparation of transfer pricing documentation (both full scope and limited scope). We service clients in Ipoh, Kuala Lumpur, Penang and other states in Malaysia.
Our tax services cover areas in Ipoh, Kampar, Tapah, Taiping, Chemor, Cameron Highlands, Sitiawan, Manjung, Bidor, Penang, Kedah, Alor Setar, Kelantan, Kuantan, Pahang, Perlis, Terengganu, Kuala Lumpur, Selangor, Melaka, Johor Bahru, Seremban and other areas in Malaysia. Contact us today!
What's Your Profile?
Let us know if you are approaching us as an Individual, Business Owner or a Company. You may read more about the services we cater to you according to your profile.
Individual
Salaried individual or a company director.
Small Business
Sole proprietor, enterprise or partnership.
Company
Sendirian Berhad or Private Limited Company.
Let's Connect, It All Begins Here.
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