Our clients range from
growing startups to established enterprises.
They rely on us
– for clarity, compliance and confidence.
In a world of constant economic flux, filled with risks and increasing regulatory complexities, ANC Group’s tax services cut through the noise and help you navigate this shifting landscape.
Tax consulting is the core service of ANC Group. We are a one-stop shop that provides clients with comprehensive tax support. We offer tax compliance and consulting services for expatriates, entrepreneurs as well as listed and non-listed companies. To provide the best-in-class integrated tax planning solutions, we work with specialist from other professional disciplines (audit, legal and company secretarial) within ANC Group. We coordinate the services of all our specialists to work your way to success.
Our accounting client will gain free access to our Business Infrastructure Platform (BIP) which has more than 150 topics of compliance videos. You can refer to our full table of content here.
Equip with deep tax technical expertise, our tax specialists are here to support you, delivering top notch tax consulting services in line with your highest expectations to drive your business forward.
Sales tax 2.0 was implemented with effect from 1 September 2018 to replace the existing Goods and Services Tax (GST). It is a single-stage tax imposed on taxable goods manufactured locally by a registered manufacturer, and on taxable goods imported by any person. 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 understand the tax incentive such as pioneer status, investment tax allowance, or reinvestment allowance, and whether they can apply to your business. In addition, to fully utilize the 81 exemptions which may apply to your business under Sales Tax Exemptions.
Special treatment is also given to transactions involving Designated Areas (Labuan, Langkawi, Pangkor and Tioman) and Special Areas (Free Zones, Licensed Warehouses, Licensed Manufacturing Warehouses and Join Development Area).
We can provide you with our comprehensive sales tax support which includes sales tax exemption advisory, shipment planning under special treatment, sales tax training and a sales tax review program.
Equip with deep tax technical expertise, our tax specialists are here to support you, delivering top-notch tax consulting services in line with your highest expectations to drive your business forward.
Services tax 2.0 was implemented with the effect from 1 September 2018 to replace the existing Goods and Services Tax (GST). It 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 services tax is 6%.
Services tax is also proposed to be charged on the importation of prescribed services into Malaysia which include:
In respect of imported services, business must be aware of the impact of service tax and withholding tax as well. Unlike Sales Tax, Services Tax is levied based on a payment basis, which means business only make a service tax payment to Royal Malaysian Customs Department when payment is received.
Special treatment is also given to transaction involving Designated Areas (Labuan, Langkawi, Pangkor and Tioman) and Special Areas (Free Zones, Licensed Warehouses, Licensed Manufacturing Warehouses and Join Development areas).
We provide comprehensive service tax support which includes services tax exemption advisory, service tax training, and service tax review program. Equip with deep tax technical expertise, our tax specialists are here to support you, delivering top-notch tax consulting services in line with your highest expectations to drive your business forward.
D-21.07, Menara Suezcap 1,
Gerbang Kerinchi Lestari,
No.2, Jalan Kerinchi ,
59200 Kuala Lumpur
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