Malaysia Company Tax
Hotline: 86-755-82143348, Email:anitayao@citilinkia.com
Malaysia Company tax is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year.
A company which is incorporated in Malaysia and/or its active management and control is exercised from within the jurisdiction is considered to be resident for taxation purposes. Management and control is usually considered to be exercised at the place where directors’ meetings are held concerning management and control of the company.
Taxable income comprises all earnings derived from Malaysia, including gains or profits from a trade or business, dividends, interest, rents, royalties, premiums or other earnings. Where the recipient is resident in a country which has a double tax treaty with Malaysia, the tax rates may be reduced.
Resident companies in Malaysia are taxed at the rate of 25% (reduced to 24% with effect from YA 2016) while those with paid-up capital of RM 2.5 million or less are taxed at the following rates:
The tax rates for non-resident companies are as follow:
All Malaysia Private Limited Companies (Sdn. Bhd.), regardless whether it is resident or non-resident, have to appoint a licensed tax agent to prepare the company tax file to the Inland Revenue Board(IRB) of Malaysia. Each year, the tax agent will prepare all tax returns and income tax computations for the perusal, contents and approval of the company directors prior to submission of the returns to the Inland Revenue Board (IRB).
The tax agent will advise the amount of corporate tax to be paid and the date by which the company should make the tax payment. If appropriate, the tax agent will assist in claims for refunds if the company tax has been ovehttp://www.3737580.netrpaid.
Malaysia’s Income Tax Return Form (ITRF) is the document needed for each and every business (in this case, referred to as the “Taxpayer”) to the Inland Revenue Board of Malaysia, or LHDN Malaysia. There are 5 different types of tax return forms that are required in Malaysia for companies:
• Form C&R – Income Tax Return Form for general companies.
• Form C1 – Co-operative Society (further in Company Limited by Guarantees – Type of Business Entities in Malaysia)
• Form TC– Unit/Property Trusts
• Form TA– Trust Bodies
• Form TR – Real Estate Investment Trust / Property Trust Funds
It is important that the correct amount of tax is calculated because failure to do so will result in additional tax and heavy penalties being imposed. The submission of corporate income tax return (which must be prepared based on audited accounts) must be within 7 months from the date following the close of its accounting period.
We offer computation and submission of Malaysia Company Tax. please do not hesitate to contact us, Malaysia hotline: 603-2141 8908, Fax: 603-21418909; Hong Kong hotline: 852-27826888, Fax: 852-34262391; China hotline: 86-755-82143181, Fax: 86-755-82143182; Email: tannetcom88@gmail.com (Malaysia), Group website：www.3737580.net.