Tax compliance service
in Malaysia.
Acclime can look after all of your Corporate Tax compliance needs. Our services cover everything from Company tax registration to preparation of corporate tax returns and assistance with the Sales and Services Tax (SST) regime. Naturally, we will also advise on options for reducing tax liability.
On-time flings & returns
We calculate and file your tax returns accurately and on time, making sure you won’t face any penalties or late fees.
Always up to date
Our professionals always stay current with the regional and local tax regulation changes.
Strategic tax advisory
We offer strategic tax advice on topics such as optimising your tax spending, decreasing the risk of double taxation, tax incentive systems and more.
Corporate tax compliance.
Corporate tax registration
Our tax team will help you make sure your business is fully compliant in its mandatory tax registrations. We will:
- Obtain statutory information and other relevant information from the Company
- Prepare and complete the corporate tax registration
- Follow up with Tax Authority for the issuance of Corporate Tax Registration number
One-time
Corporate tax e-filing registration & submission
Once your business is registered as a tax payer, we will complete the e-filing registrations for you. This involves:
- Arranging for the completion of CP55B and letter of authorisation for the signature by the local resident director, and a copy of the identification card of the Director. This form is an application by the company for a PIN so as to allow e-filing of tax returns.
- Arranging for the submission of CP55B and follow up with IRB for the issuance of e-Pin
- Obtaining the profit estimate from the Company for the year
One-time
Preparation of profit estimate for the completion of CP204 or CP204A Form
Our tax team will assist with the preparation, authorisation and submission of the required tax estimates as follows:
- Obtain the historical financial information, discuss with the management on individual financial information for the purpose of profit estimate
- Prepare draft profit estimates and discuss/finalise the profit estimate for the Directors’ approval and signature
- Submit the tax estimate form CP204/CP204A to the IRB
Annually
Monthly tax payment CP204
Companies need to pay their estimated tax in monthly instalments. Our service to assist your compliance with this requirement covers:
- Sending reminder email for the tax payment
- Prepare Form CP207 (instalment payment form) together with the tax instalment to IRB
- Payment of instalment at IRB counter
- Email acknowledgement copy and official receipt from IRB for the Company’s record
Monthly
Annual corporate income tax filing assistance
Our annual corporate income tax filing service includes:
- Preparation of corporate income tax computation
- Completion of corporate income tax filing forms
- Arrangements for the filing with the tax authorities
- Tax payments in cheque/bankers cheque obtained from management
Annual
Withholding tax filing assistance
Administering withholding tax correctly can be complicated, especially for firms entering Malaysia from abroad. Our service helps you maintain strict compliance while assisting to ensure full tax benefits are being applied. In providing this service, we will:
- Obtain the payment information for the completion of the relevant withholding tax filing form
- Obtain tax residence certificate of the payee to enjoy double tax agreement (“DTA”) benefit, if applicable
- Obtain cheque payment from the Company, collate and compile for the submission to the Inland Revenue Board of Malaysia
- Submit and make payment to the Inland Revenue Board of Malaysia counter, and obtain official tax receipt for record
Monthly
Sales and Services Tax (SST) Services
Malaysia repealed the Goods and Services Tax Act 2014 (GST Act) and introduced the new Sales Tax and Service Tax (SST) framework from 1 September 2018. Broadly, tax at either 5% or 10% will apply to goods manufactured or imported into Malaysia. Exports of good are not taxable. A tax of 6% will apply to services provided in Malaysia e.g. hotels, restaurants, electricity, phone, professional services etc.
SST registration
- Obtain statutory information and other relevant information from the Company
- Prepare and complete the SST application for Company’s approval
- Arrange to submit to the Custom Authority and follow up with the SST registration number
SST preparation & filing
- Obtain the SST report generated from the computerised accounting system
- Obtain the bi-monthly management accounts and all relevant supporting information and documentation in relation to SST submission
- Prepare and complete SST return and arrange for Company approval before submission
- Co-ordinate for the payment of SST to the Custom Authority. SST payments must be received in Acclime’s trust account seven working days prior to the payment dateline.
One-time registration/
Bi-monthly filing
