Taxation
Maximise your refund and minimise your stress: Trust Our Expert Taxation Service for Optimised Results.
Taxation is the process by which government raises revenue from individuals and businesses in order to fund public services and programs. Taxes can be levied on a variety of things, including income, property, goods and services, and capital gains.
As tax specialist, we can help individuals and businesses navigate the often-complex tax process. This might involve helping people understand their tax liabilities and obligations, identifying any available tax credits or deductions that they can take advantage of, and providing guidance around tax planning and optimization.
We can also help people deal with any tax-related issues that may arise, such as audits, appeals, or disputes with the Inland Revenue Board ("IRB") or other tax authorities.
Our Services Includes:
Tax Planning
Our team of tax experts can help you plan your taxes better. We specialize in advising individuals and businesses on how to optimize their tax liabilities, minimize risks and maximize savings.
Tax Compliance
With the ever-changing tax laws and regulations, it can be challenging to keep up with your tax compliance requirements. That's where we come in. Our team will help you manage your tax compliance obligations and ensure full compliance while minimizing the risk of interest and penalties.
Tax Resolution
If you have tax issues that have already arisen, we can provide immediate assistance. Our tax resolution experts can help you negotiate with the taxing authorities to resolve your tax liabilities in the most favorable manner possible.
Tax Filing
Our tax professionals will prepare and file your income tax return, ensuring accuracy and completeness while minimizing your tax liability.
Tax Audit Support
If you receive an audit letter from the IRB or state revenue department, we can provide support and guidance throughout the entire audit process, giving you peace of mind.
Benefits
As for taxation service, we offer a variety of benefits to our clients.
Overall, our taxation service can help clients save time, money, and minimize the stress associated with tax season.
Expertise
Our team of tax professionals has the expertise and knowledge to help clients navigate the complexities of tax laws and regulations.
Time Savings
Our services can save clients time by handling tax-related tasks, allowing them to focus on other important aspects of their business or personal lives.
Accurate Filing
We ensure clients file their taxes accurately and on time, avoiding costly penalties or fees.
Maximizing Deductions
Our team can help clients identify all eligible deductions, maximizing their tax savings.
IRB Representation
We can provide representation in the event of an IRB audit or dispute, giving clients peace of mind and minimizing any potential financial consequences.
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.
We are providing independent accounting and bookkeeping solution based on latest reporting standards. Our solutions are not limited for compliance but also analysis for better decision making for the Company.
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AuditAudit & Assurance
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.Benefits
As for taxation service, we offer a variety of benefits to our clients.
Overall, our taxation service can help clients save time, money, and minimize the stress associated with tax season.
Expertise
Our team of tax professionals has the expertise and knowledge to help clients navigate the complexities of tax laws and regulations.
Time Savings
Our services can save clients time by handling tax-related tasks, allowing them to focus on other important aspects of their business or personal lives.
We ensure clients file their taxes accurately and on time, avoiding costly penalties or fees.
Maximizing Deductions
Our team can help clients identify all eligible deductions, maximizing their tax savings.
IRB Representation
We can provide representation in the event of an IRB audit or dispute, giving clients peace of mind and minimizing any potential financial consequences.
Audit & assurance is more than just compliance exercise and a well-performed audit should be seen as high value added service that instill greater confidence in the company by stakeholders.
We are providing independent accounting and bookkeeping solution based on latest reporting standards. Our solutions are not limited for compliance but also analysis for better decision making for the Company.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Benefits
As for taxation service, we offer a variety of benefits to our clients.
Overall, our taxation service can help clients save time, money, and minimize the stress associated with tax season.
Our team of tax professionals has the expertise and knowledge to help clients navigate the complexities of tax laws and regulations.
Our services can save clients time by handling tax-related tasks, allowing them to focus on other important aspects of their business or personal lives.
We ensure clients file their taxes accurately and on time, avoiding costly penalties or fees.
Our team can help clients identify all eligible deductions, maximizing their tax savings.
We can provide representation in the event of an IRS audit or dispute, giving clients peace of mind and minimizing any potential financial consequences.
"Your business is not build to crunch the numbers, but ours are.
Leave the tedious work to expertise and focus on your core business"
Benefits of Engaging Us
We will monitor the deadline for you
Our industry expertise will solve your headache
Fast and efficient
Assurance at a reasonable cost
Relevant Audit in New Era
We are young and dynamic individual who are passionate on the subject and love to explore.
Our firm prioritise development and continuous learning cultures to promote excellence in servicing our client and bring lasting value to your business.
Generous in Sharing and Proactive in Communication
We are not calculative when it comes to sharing as it brings out the passion and joy to succeed together.
Our management executive will be more than happy to be the regular contact for servicing you in the engagement.
We Care About You
To be merely compliances, audit will lose its potential as value added service to the businesses.
We care about you and willing to provides additional commentary when it comes to your weakness that we aware during the course of audit without compromising our independence. This is as good as annual health check to the business itself.
Frequently Asked Questions
What is the income tax rate of Companies in Malaysia?
The tax rate will be updated annually in the budget if there is a change. Currently, our tax rate for 2023 are as the following:
Resident company with less than RM2.5 million paid-up capital and gross income business not more than RM 50 million;
First 150,000: 15%
Next 450,000: 17%
In excess of 600,000: 24%
Resident Company other than described above: 24%
Who needs to pay income tax in Malaysia?
Any individual or company earning income in Malaysia is required to pay income tax. This includes both residents and non-residents.
How do I file my income tax in Malaysia?
Individuals can file their income tax returns either online through the e-Filing system or by submitting a physical form to the nearest IRB office. Companies must file their income tax returns online through the e-Filing system.
What is the deadline to file income tax returns in Malaysia?
The deadline for individuals to file their income tax returns is usually April 30th of the following year. Companies must file their income tax returns within 7 months from their financial year-end.
What are some tax deductions available in Malaysia?
Some tax deductions available in Malaysia include EPF contributions, life insurance premiums, medical expenses, and donations to approved charitable organizations.
We take pride in providing our clients with high-quality tax services and ensuring that we meet their unique needs.
Let us help you navigate the complex world of taxation and achieve your financial goals.
Alvin & Co PLT only provides statutory audit, assurance engagement and business advisory services independently.
The above contents are just for information purposes only and provided by independent affiliated firm.
Transform tax complexities into successes with our expert guidance.
Our experts always ready to
work with you.
Guidance from Recommended Practice Guide by Malaysian Institute of Accountant
| Gross Assets or Turnover (whichever higher) | Cumulative Ringgit (RM) | Cumulative Fees (RM) |
|---|---|---|
| Dormant | - | 800 |
| The first 100,000 | 100,000 | 1,000 |
| The next 150,000 | 250,000 | 1,657 |
| The next 250,000 | 500,000 | 2,440 |
| The next 500,000 | 1,000,000 | 3,380 |
| The next 1,500,000 | 2,500,000 | 5,255 |
| The next 2,500,000 | 5,000,000 | 7,755 |
| The next 5,000,000 | 10,000,000 | 12,455 |
| 10,000,000 to 20,000,000 | 20,000,000 | 22,455 |
| Above 20,000,000 | >20,000,000 | Negotiable |