What is a tax consultant and why do I need one?

A tax consultant is a licensed professional who assists individuals and businesses in preparing and filing their tax returns, ensuring compliance with Malaysian tax laws and maximising potential tax savings.

What are the risks of filing taxes on my own?

Filing taxes without professional assistance can lead to errors, resulting in penalties, fines, or even legal issues.

What are the tax rates for SMEs in Malaysia for 2024?

As of 2024, SMEs in Malaysia enjoy a preferential tax rate of 15% on the first RM150,000 of chargeable income and continues up to 24%. However, the preferential rate is only applicable if the company meets specific conditions.

What happens if my company does not qualify as an SME?

If your company does not meet the SMEs conditions, it will be subject to the standard corporate tax rate of 24% on chargeable income.

What Sdn. Bhd. and LLP tax services do you provide?

Our services include corporate tax computation, LLP tax computation, and the preparation and submission of forms such as Form C, Form PT, and Form CP204. We also assist with tax audits, tax advisory, and closure of tax files.

FAQs: Tax Compliance & Advisory

Frequently Asked Questions

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What Is e-Invoicing in Malaysia? A Guide for Business Owners

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Tax Compliance Checklist for New Sdn Bhd Companies

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CGT vs RPGT in Malaysia: Key Differences

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Malaysia has double tax agreements with 70+ countries. Learn how DTAs work, who qualifies for reduced withholding rates, and how to claim treaty benefits.

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Restructuring your business in Malaysia? Understand the tax consequences of mergers, acquisitions, and entity changes before you make costly mistakes.

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Buying a business in Malaysia? A proper tax due diligence protects you from hidden liabilities. Learn what to review, from tax filings to transfer pricing risks.

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Withholding Tax on Foreign Vendors in Malaysia

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