Taxation Malaysia

Taxation Consulting Service

Tax consulting is the core service of ANC Group. Our tax professionals provide clients with comprehensive tax support and guidance. We offer tax consulting and compliance services for expatriates, entrepreneurs, and listed and non-listed companies.

Corporate Tax Planning

Our tax consulting services include business tax, transaction tax, personal tax, and corporate income tax. We don’t just guide you in interpreting and applying complicated taxation rules, but to explore new opportunities and business trends. We keep you abreast with Malaysia tax updates and any changes in the local regulations.
We work closely with industry specialists, authorities, and associated professionals within ANC Group to provide the best-in-class integrated tax planning solutions. ANC specialists coordinate the accounting and taxation services to bring your business to success.

Your Personal Tax Advisor

In a world of constant economic flux filled with challenges and increasing regulatory complexities, we offer you access to skilled tax experts and help you navigate through shifting landscapes.
We are a group of business advisors to thousands of businesses in Malaysia with 80 000 business followers on Facebook with more than 10 000 business students nationwide. We keep you abreast of any changes in local regulations.

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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
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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
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Transfer Pricing Services

Multinational corporations (MNC) are operating in a global business environment and Transfer Pricing (“TP”) landscape that is rapidly changing, and the pace and complexity of change have continued to increase. At ANC Group, our team of TP tax specialists together with ANC Group’s associates located globally – will help you to navigate the complex global TP landscape: –
  • Documentation preparation and compliance
  • TP planning and benchmarking
  • TP training for the team
  • TP policy preparation
  • Setting Pricing Policy and business strategies
  • Internal audit of ‘tax’ TP
  • Assessment of Transfer Pricing Methodologies
  • Transfer pricing controversy review and TP audit resolution

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
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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
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Service Tax Planning and Advisory

Service Tax is a consumption tax levied and charged on any taxable services provided in Malaysia by a registered person in carrying on his business. The rate of service tax is 6%. There are 3 types of Service Taxes in Malaysia
  • Taxable Services in Malaysia

    – Advisory and Assistance in Registration of Service Tax
    – Assessment of Threshold and Taxable Services
    – Explore Exemption for Taxable Services
    – Review and Submission of Service Tax Return
    – Advise on Company’s supply chain and Service Tax Planning
    – Advise on Service Tax Implication for Designated Area (Labuan, Langkawi, Tioman and Pangkor) and Special Area (Free Zones, Licensed Manufacturing Warehouse, Joint Development Area and more)
    – Preparation and Management of Customs Ruling application

  • Imported Taxable Services in Malaysia (Generally refers to B2B Taxable Services)

    – Advise on Self Recipient Accounting
    – Advise on the implication of Withholding Tax and Imported Taxable Services
    – Application of Exemption available
    – Submission of Service Tax Return for Non-Service Tax Registered Entities

  • Digital Services for Foreign Registered Service Providers (Generally refers to B2C Taxable Services)

    – Advise on the threshold and registration
    – Advise on the taxable period
    – Review and Submission of Service Tax Return

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Free Malaysia Tax Guide

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Tax Guide Programme & Workshop

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.

Contact us for a Quote Now!