Tax Compliance Planning

Tax Compliance & Planning

We work closely with all our clients to deliver and tailor timely tax planning strategies to improve the overall tax efficiency of our clients’ businesses and comply with the prevailing tax laws.

Corporate Tax Services

We provide comprehensive tax compliance services to our clients, regardless of their sizes and industries in which they operate. Our tax professionals have extensive knowledge and experience to help identify tax planning opportunities and risks during the process of preparing for tax computations and returns. Our corporate tax advisory services include:

Group tax efficiency diagnostic reviews
Review corporate transactions to minimize tax exposures
Tax planning on corporate group restructuring
Advice on tax efficient business financing and investment management
Advice on capital allowance and expenditure decisions
Withholding tax and international tax advice on cross border investments/projects
Tax audit and investigation
Tax appeal and litigation supports

Personal & Expatriate Tax Services

All individual taxpayers including expatriates and foreigners are required to meet their respective tax obligations and information disclosures in Malaysia. These tax obligations have become more challenging with the implementation of international tax information exchange and stringent local regulatory legislations. Regardless of the complexity of your tax matters, we can provide you with the assistance you need include:

Ensuring personal tax compliance with all local and international tax regulatory requirements
Protecting your personal wealth and tax exposures
Assisting you to plan for your future financial and tax matters

Transfer Pricing

Transfer Pricing (TP) generally refers to associated company pricing arrangements for the transfer of goods, services and intangibles between associate persons. Malaysia tax regulations and guidelines are issued in line with the OECD (Organization for Economic Co-operation and Development) tax initiatives for transactions between associated persons required to be on an arm’s length basis. And the need for businesses to maintain proper TP documentations to avoid subsequent TP audit and adjustments with penalties.

Our TP tax services include the following:

Preparation of TP documentations
Development of an inter-company TP pricing policy
Review of intra-group services and agreements
Advance pricing agreements
TP tax audit and investigation

Stamp Duty

Stamp duty in Malaysia is imposed on a wide range of transfer instruments and documents. We have an experienced team of tax professionals to assist our clients to obtain stamp duty exemptions to save significant costs for our clients.

Our services in this area include:

Analysis tax structuring options to identify and quantify potential stamp duty exposures
Review appropriate valuation methodologies for instruments subject to ad valorem stamp duty
Identify instruments eligible for stamp duty exemption
Assisting our clients to prepare documentations required for stamp duty exemption application
Assisting our clients on technical disputes with the tax authorities

Indirect Tax Compliance and Advisory (including Sales Tax and Service Tax and Goods and Services Tax)

Malaysia is increasing its focus on indirect taxes to improve the country’s continuing tax deficits position. Key indirect taxes in Malaysia are sales and service tax, custom duties and digital taxes.

Sales Tax and Service Tax

Businesses in Malaysia always face problems in classifying of taxable goods and services for sales and service tax purpose. Proper classification will reduce businesses’ exposures tax penalties on sales and service tax during customs audit. In addition, various custom facilities are available for businesses to apply to save substantial sales and service tax for import and export purpose.

Our services include:

Registration for sales tax and service tax
Review of sales tax and service tax returns
Advise on sales and service tax implications for business activities and specific commercial transactions
Managing customs audits and ruling applications

Goods and Services Tax (GST)

GST has been repealed on 1 September 2018. However, businesses are still required to ensure that all transactions occurred during GST times were properly captured and reported to Royal Malaysia Custom Department (RMCD). Furthermore, GST records are required to be kept for 7 years for GST closure audit purposes.

Our services include:

Application for GST refunds
GST Appeal and dispute resolutions
Managing customs GST closure audit
Assisting with voluntary disclosure to the RMCD

Customs Duties

Businesses usually incur significant compliance and administrative costs on compliance with the custom’s requirements in respect of import and export declarations. Structuring transactions to achieve correct classification and valuation will reduce substantial costs of doing business in Malaysia.

Our services include:

Applications for indirect tax exemption and refund, tariff classification and trade facilitation arrangements
Reviewing of agreements, transactions, voluntary declarations, etc.
Customs valuation and transfer pricing reviews
Managing customs audits and investigations
Application for custom rulings and managing dispute resolution with custom

Tax Incentives and Investment Advisory

Malaysia is an ideal investment destination for many foreign investors due to its well-developed infrastructures, comprehensive pool of talents and stable business environment. The cost of setting up a manufacturing and trading businesses in Malaysia is relatively low as compared to other countries in South East Asia.

We can assist our client to obtain various fiscal and non-fiscal incentives as follows:

Application for Income Tax Exemptions, Reinvestment Allowance
Application for Pioneer Status/ Investment Tax Allowance Incentive
Application for Indirect Tax Exemptions
Application for Government Grants