Whilst taxes are a necessary obligation in life, filling in tax returns, making the payments and negotiating with the tax authorities for deductions and refunds need not be a hassle. Our tax experts will be pleased to assist you with all your corporate and personal tax needs.
 

Corporation Tax

Tax Compliance

Malaysia currently employs the self-assessment system on a current year basis. Corporation tax estimates are filed 30 days before the basis period and cannot be less than 85% of the latest estimate of tax payable for the immediately preceding year of assessment. Only one revision of the estimate of tax payable is allowed in a financial year. With the burden of computing the tax liability resting on the shoulders of the corporations, we provide our clients with the expert assistance they need to get their forms and returns filed in accurately and on time. Our professional staff will assist our clients with:

• the preparation and submission of all forms and returns on a timely basis;
• the computations of tax payable whilst ensuring all possible deductions have been utilized;
• correspondence with IRB in the event of tax appeals, disputes and reassessments;
• advise on the best and latest possible incentives available for their company.

Tax Advisory

For both small and medium sized companies as well as large and multinational companies, there are a myriad of tax incentives offered in Malaysia. These vary according to the different industries and change with the annual Budgets announced by the Government. We keep our clients up-to-date, advising them on:-

• which incentives are best suited for them;
• transactions which will maximise after-tax profits for their group of companies;
• cross-border transactions that will avoid anti-transfer pricing legislation;
• the most tax efficient structure to employ for their group of companies in order to obtain the maximum tax advantages available.

Offshore Tax

Located off the coast of East Malaysia is the tax haven of Labuan. Offshore companies, both Malaysian and foreign-owned, can be set up under the Offshore Companies Act 1990 to enjoy the low to zero tax offered in Labuan. We provide our clients with advice and assistance on:

• the setting up of an offshore company;
• the best recommended structure for their new group inclusive of the offshore company;
• accounting transactions that will maximise the tax incentives offered;
• transfer pricing issues.

Personal Tax

Tax Compliance and Planning

Tax estimates for individuals are computed by the IRB (excluding employment income which is normally paid under the Schedular Tax Deduction scheme by employers). Revisions of tax estimates are allowed before 30 June. Our clients need to know the reliefs and rebates available to them. We assist our clients with the preparation and timely submission of their tax returns, appeals and amendments, advising them on the latest deductions available and corresponding with IRB on their behalf when necessary so that our clients do not pay any more tax than they have to.

Tax Planning

Clients who are both local and foreign nationals want the highest possible returns on their investments without having to pay an equally high percentage of tax! We provide our clients with investment advise based upon years of experience in the financial arena. Providing a unique perspective of both investment opportunities with the tax advantages (or vice versa) it offers, we are able to give our clients a holistic view in order to assist them in making the best choice in investments to suit their risk profile.