Taxation Services

Tax agent services in Malaysia

Do you ever know that tax avoidance is legal? If you don’t, it is fine, you are just one of the majority. However we still want you to know that it is just a myth that it is illegal. Tax evasion on the other hand is something you want to stay away from. Experts amonst the Back Office team will let you the way to distinguish the two and ensure you don’t get into trouble by falling into the law breaking traps.

Read below to see what we can do for you:

Our Taxation Services

Tax preparation and settling can take its toll on your time, budget and mind, particularly the self-assessment system that gets implemented in Malaysia for submission of CP204 and CP204A. Therefore, you need to be prepared as soon as possible with a lot of important papers. Many forms need the right information, and you have to fill them all out before you can properly submit them to complete the taxation process.

Do not worry – we, an accounting firm in Johor Bahru, can do our very best to help you out with tax, whether you’re an individual or a corporation. We file taxes to the Inland Revenue Board of Malaysia (IRB) as well as do the computation that converts your Malaysia Financial Reporting Standards based financial statements into Malaysia tax based financial statements.

No person wants to get penalised for failing to comply with their taxation duties, and this is why we are happy to lessen down your worries when it comes to tax liability and planning. You can count on us on taxation services in Malaysia, and we do our job to make you sleep tight at the night.

Who need tax services?

It will depend whether you are a company or an individual who needs to pay taxes and this pretty much dependant on your income level. As the Malaysia governement adopted PAYE (Pay As You Earn) system, all earnings that are taxable in the same year when it arise.

Individuals

While there are some exceptions in the ITA or Income Tax Act, everyone in Malaysia need to pay their yearly income tax whether you work in a private or public sector. This is an annual affair you might be familiar with if you are working in Malaysia.

Aside from the people who are part of the workforce, you also need to pay your taxes in Malaysia if you are a self-employed individual or own a business there. The ITA also has some special regulations regarding taxation on the unemployed individuals that are still receiving income in some other way.

Investments such as units and properties are also taxable in Malaysia. However, there are still a couple of exemptions in Malaysia when it comes to investment taxes so you must know this first.

Those who are exempted to the ITA and in paying taxes are those whose income runs less than RM 35,000 in a year. However, those whose employment is outside of Malaysia but still employed by any firm in Malaysia is still obliged to pay their yearly taxes.

Companies

Filing a tax as a business is different from filing as individuals since there are many other details and processes to add or subtract from the computation, but this gets easily done with the help of our experts in tax services.

IRB submission forms include the Form C (Corporate Tax returns) as well as of course, the CP204 and CP204A (Estimated Chargeable Income) that both need to be filled up legibly so that you will escape the deadline and remove yourself from having to suffer penalties.

How is our tax service outsourcing beneficial for you?

With so many rules, regulations and other governing laws that you need to know when it comes to filing income taxes, you need to take extra caution to avoid the hassle.

Getting help from tax agent service such as our firm can help you bring down the headaches of preparing your annual income tax and will guide you in an efficient tax filing procedure on time. Whether you are a corporation or an individual, self-employed, a tax agent will be there to guide you every step of the way.

Pick up your phone now and Contact us today to get a free quotation!