Tax Planning and Compliance Services
Tax planning is the analysis of a financial situation to ensure that all elements work together to allow company to pay the lowest taxes possible.
Tax planning and tax compliance can be taxing and time consuming. We provide company and personal tax services for companies and individuals, ensuring all tax returns are filed and submitted on a timely basis to avoid tax penalties that are due to late submissions.
This is especially critical due to the new Self Assessment Regimen implemented by the Lembaga Hasil
Dalam Negeri (LHDN) that requires companies and individuals to assess their income and make payments on taxes due on a timely basis. Accounting records would also have to be kept updated, as the LHDN would randomly be performing “tax audits” from time to time.
Our tax services division formulates effective strategies to :
- Effectively maintain tax compliance with relevant laws
- Implement innovative tax planning methods
- Optimise tax incentives to reduce tax liability
Our Services
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1. Corporate Tax Compliance Service
- To prepare and e-filling tax return (Form C) to LHDN and preparation of income tax computation;
- To advise balance of tax payable on the Form C;
- To advise and remind the submission of estimated tax payable (Form CP204), 6th and 9th month’s revision (Form CP204A); and
- To remit monthly tax instalments payment to LHDN -
2. Tax Planning & Advisory Service
(a) Company Tax Planning
- Re-structuring
- Group relief
- Group credit set-off
(b) Application of tax incentives
- Pioneer status
- Investment tax allowance
- Reinvestment allowance
(c) Company allowance
- Industrial building allowance
- Export allowance
- Double deduction
(d) Retirement scheme
(e) Pre-tax audit
(f) Withholding tax planning & advisory
(g) Real Property Gain Tax (RPGT) -
3. Personal Tax
- Form B (Personal tax with business income)
- Form BE (Personal tax with employment income)
- Form P (Partnership)
- Form M (Personal tax for non-resident) -
4. Other Tax Services
- Form EA
- Form E
- Tax Clearance
- Tax Credit Refund
- Tax Credit Set-off