Personal Tax Compliance and Advisory

• Advisory on Tax Residency
• Advisory on Tax Exemption Income
• Advisory on Foreign Source Income Remittance to Malaysia
• Expatriates and Malaysians (due date for submission: 30 April of the following year)
• Tax Clearance
• Advisory on Monthly Tax Deduction (MTD) and Remittance
• Assessment of whether individuals should opt for MTD as final tax
• Self Employed Businesses (due date for submission: 30 June of the following year)
• Partnerships
• Advisory on Remittance of Tax Estimate for businesses
• Preparation of Provisional Income Tax Computation and Advise on Revision of Tax Estimate
• Advisory and Update of Annual Tax Reliefs and Rebates

Corporate Tax Compliance Services

• Limited Liability Partnership
• Private Limited Company and Public Company (Sdn Bhd & Berhad)
• Advisory on Tax Residency and Permanent Establishment
• Foreign Branch
• Advisory on Business Commencement Planning
• Preparation and submission of tax estimate (CP204) (30 days before Basis Period Commence)
• Preparation and submission of revised tax estimates (CP204A) (6th or 9th month of Basis Period)
• Preparation of Provisional Income Tax Computation and Tax Projection
• Advisory on Withholding Tax and Double Taxation Agreement
• Preparation of Income Tax Computation
• Submission of Tax Returns (Form C for Companies / Form PT for LLP) (due date : 7 months from Financial Year End)
• Remittance of tax payments

Transfer Pricing Services

Tax Audit and Investigation

• Risk Assessment
• Application of Extension of Time (whenever required)
• Management of Desk Audit, Field Audit or Investigation
• Preparation of workings, computations, returns, capital statements, reconciliations, and any supporting documentation required
• Review tax audit findings and submission of appeal
• Reply enquiries raised by tax authorities
• Engage in any negotiation process with tax authorities
• Proposal of alternative resolution and resolve disputes
• Follow up and attend to round table discussion for finalisation

Sales Tax Planning and Advisory

The sales tax rate is 5%, 10%, or a specific rate for petroleum-related products. Goods are taxable unless they are specified in the sales tax exemption orders. Manufacturers in Malaysia need to understand the impact of sales tax. Unlike Service Tax, manufacturers need to incur sales tax upfront upon the importation of goods and sales of goods, resulting in cash flow implications. Thus it is very important to fully utilise the 81 exemptions which may apply to your business under Sales Tax Exemptions.

• Advise on special transactions involving Designated Areas (Labuan, Langkawi, Pangkor and Tioman) and Special Areas (Free Zones, Licensed Warehouses, Licensed Manufacturing Warehouses and Join Development Area)
• Advise on the Company’ supply chain and apply exemptions wherever applicable
• Sales Tax Review and Submission
• Application of Sales Tax Exemption and Assessment on the Qualifying Conditions
• Sales Tax Health Checks
• Preparation and Management of Customs Ruling application

The foundation of all our endeavours is demonstrated by the following strategic priorities:

• Commit to providing excellent taxation service;
• Continuously improve service quality and meet the ever-increasing client demands;
• Promote tax competency and professionalism, and motivate our people, who are the core of our service quality, to achieve excellence;
• Continuously deliver updated tax information via our newsletters – Taxletter;
• Retain and retrain employees with Business Infrastructure Platform (BIP);
• Annual tax sharing to bring timely and efficient solutions to client issues; and
• Invitation to our tax workshop sharing and business networking sessions.

Our vision on the journey for the next 100 years (and beyond) is to build a brand synonymous with high-quality, undisputed consulting services within ASEAN and aspire to build a lifetime career for our ANC family. As the professional business advisors for thousands of corporates under the wing of Malaysian Institute of Accounts (MIA), Malaysian Employer Federation Academy (MEFA), corporate trainer and academic lecturer for the Association of Chartered Certified Accountants (ACCA), trusted by 80,000 followers nationwide and millions of educational video counts. We are confident that we can provide you accurate and timely tax information to make key decisions for your business.