Statutory
Compliance
You got your Company accounts ready and business is up and running. What other compliances that the Company needs to be aware of?
Tax Compliance & Planning
Did you know that businesses need to submit income tax return form whether you are under sole proprietorship (Enterprise), Company (Sdn Bhd) or Limited Liability Partnership (PLT) under Income Tax Act 1967 Malaysia?
Under the self-assessment system, the burden of computing the tax liability is shifted from the Malaysia Inland Revenue Board (IRB) to the taxpayer and, accordingly taxpayers are expected to compute their tax liability based the tax laws, guidelines and rulings issued by IRB.
As such, tax compliance is very important for the business as it may lead to financial penalties for failure to comply with the Income Tax Act of Malaysia. Businesses should engage a tax professional to attend to the tax matters of the business.
At CN Advisory, our affiliated tax professionals will be able to assist you in corporation and individual tax.
With our combined experience in tax industry of 15 years, our affiliated tax professionals will be able to assist you in terms of computation and submission of income tax returns.
- Statutory audit
- Financial due diligence audit
- Specific assurance review
Combined with a wealth of assurance practice experiences, our affiliated CA firm is capable to act as the guardian of shareholders’ interest and ensure that the role of auditor is performed professionally.
Our affiliated firm charges are as follows:
| Packages (Company) | Professional fees |
| Annual filing of Income Tax Return Forms (Dormant) | RM800 |
| Annual filing of Income Tax Return Forms (Active Company) | From RM1000 |
| Filing of Tax Estimates / Revision of Tax Estimates (CP 204) | RM300 |
| Registration of Income Tax Number Files (C & E) | RM300 |
| Preparation and submission of Form C | RM300 |
| Preparation of EA Form | RM 100/employee |
| Packages (Individual) | Professional fees |
| Preparation and submission of individual tax (without business) Form BE | From RM500 |
| Preparation and submission of individual tax (with business) Form B | From RM800 |
Our charge rates for annual tax computation and filing of income tax return forms depend on the complexity and expertise involved in the work. Please enquire further for a clearer quote.
