In the modern business environment, high quality tax advice and planning can give your business a distinct competitive advantage. Tax reporting is unavoidable in almost every aspect of any business.
We offer a full range of Tax Services which are designed to help our clients to apply the most cost-effective business strategies. With our extensive industry knowledge and an international network of professionals throughout the globe, we are committed to delivering this on a global basis and surpassing even your highest expectations.
Attitudes to tax are changing and with this tax decisions are under scrutiny like never before. Tax decisions must consider global competition and knowledge sharing between tax jurisdictions to gain a clear and defendable advantage.
Corporate Tax Compliance & Advisory
Tax Compliance and Tax Filing Services Across Malaysia
- Preparing and filing of Sales and Service Tax (SST) Returns
- Preparing and filing of Corporate Tax, Indirect Tax, Digital Tax, Partnership Tax Returns
- Employer tax return filing service
- Personal income tax filing service
- Tax clearance service for foreigners
- Withholding tax return service
- Country-by-country reporting (CBCR) notification service
- Provisional tax computation service
- Imported tax service
- Tax audit, desk audit, field audit and tax investigation service
*provided in conjunction with Registered Tax Agents under the Malaysia Income Tax Act, 1967
Tax Advisory Services
- Advising on Sales and Service Tax (SST)
- Advising on Effective Tax Structuring/Restructuring Solutions for Clients
- Advising on Tax Implications relating to Cross-Border Transactions
- Advising on Tax efficient employment packages
- Assisting with Tax Investigation and Audit Cases*
- Conducting Tax Due Diligence Work
*provided in conjunction with Registered Tax Agents under the Malaysia Income Tax Act, 1967
Global Tax
Malaysian Personal Tax Services
In the modern business environment, high quality tax advice and planning can give your business a distinct competitive advantage. Tax reporting is unavoidable in almost every aspect of any business.
- Tax briefing for expatriates / outbound employees
- Preparation and filing of personal tax returns
- Application for tax treaty exemption from tax
- Obtaining certificate of tax residence
- Assist in calculating monthly payroll tax
- Assistance to employers in discharging their tax obligations
- Application for refund of the 3% withholding tax
Malaysian Personal Tax Consulting and Related Services
- Tax advice on extended business travellers
- Tax advice on employee share schemes and assist in tax compliance requirements on granting of share schemes
- Payroll review on reporting of remuneration and benefits for tax purposes
- Advisory on tax matters pertaining to expatriates working in Malaysia or employees seconded to work overseas
- Structuring of remuneration packages to take advantage of prevailing tax exempt or partially tax exempt compensation components
- Tax advice on retirement benefit schemes
- Assist in preparing sophisticated tax calculation estimates that help evaluate the cost effectiveness of international assignment for outbound assignees
- Assistance with the implementation of a tax equalization policy for outbound employees
Indirect Tax
The lndirect Tax Practice offers a range of professional services which include tax consulting and related services with regards to laws and regulations administered by the Royal Malaysian Customs Department (“Customs”). These include matters pertaining to sales tax, service tax, import/ export duties, excise duty, product tariff code classification and valuation, and Goods and Services Tax.
Sales Tax and Service Tax (SST) Advisory and Compliance.
Provide advisory services, perform SST impact studies and assist in dealing with Customs on SST issues.
- Assist in reviewing SST returns.
- Perform health checks to identify areas of non-compliance.
Customs Advisory
We provide advisory services, perform impact studies and assist in dealing with Customs or other authorities on relevant issues.
We also provide support to post-merger integration exercise, help analyze cost savings and resource optimization opportunities, markets entry/ location study, multi-territories preferential duty eligibility analysis and implementation support, support Preferential Certificate of Origin troubleshooting, assistance with post-import customs disclosure relating to Transfer Pricing adjustments, supply chain model optimization/efficiency evaluation, application and sustaining Authorized Economic Operator (AEO) status, etc.
Manage risks relating to controversial issues, guidance relating to Anti-dumping & Countervailing duties and general policy insights surrounding highly regulated sectors.
Disputes and Appeals
- Advise and assist with Customs investigations and disputes, analyze areas of dispute, and provide assistance in the preparation of appeals.
- Prepare and assist clients in the Customs Appeal Tribunal.
Refunds, Drawbacks and Remissions
- Advise and assist in obtaining indirect tax refunds, drawbacks and remissions including assistance in presentation to Customs and/or the Ministry of Finance (MOF).
Registration, Licensing and Compliance
- Advise and assist in applying for various Customs licenses and other compliance matters.
Exemptions
- Advise, plan, implement and manage exemption projects for your business.
- Assist in applying for indirect tax exemption including making presentation to Customs, Malaysian Investment Development Authority (MIDA) and/or MOF.
Goods and Services Tax (GST)
- Assist in dealing with Customs on outstanding GST issues, especially on GST refunds.
Transfer Pricing
Our dedicated team of professionals is experienced in the Malaysian and OECD transfer pricing guidelines and associated requirements. We work closely with our clients to effectively and efficiently manage their transfer pricing policies to meet their business goals and local tax authorities’ expectations.
To assist companies in addressing their transfer pricing concerns and meet the MIRB’s expectations, we provide a variety of services. These services are briefly explained below:
- Preparation of Master File, Local File and Review of Country by Country (“CbC”) Reporting Templates
- Benchmarking Analysis
- Diagnostic Review
- Advisory and Planning
- Advance Pricing Arrangement and Mutual Agreement Procedure
- Dispute Resolution