Persons-in-charge:

Cheryl Wong Close UP

Ms. Cheryl Wong (Chartered Accountant)

FB LS Loh

Ms. Loh Shen Li (Tax Associate)

LHDN Payment

We are committed to deliver the accounting report with cost effective, integrity and confidentiality. Below are the listed professional fees of tax filling:

1. Limited Company (i.e Sdn. Bhd.) 有限公司 (Form C) @ tax submission @ RM 250.00 (dormant), RM 400 (if the accounts did by us) and RM 800 (if the accounts did by others as we need to do review);            

2. Business income from Sole Proprietor or Enterprise (Form B) Sample Form B @ RM 200.00 @ tax submission dateline is 30th June yearly Perlantikan Akauntan 2018 ; (it's applicable to individual who are running a business & also employment income)

3. Partnership 合伙 (Form P) Sample Form P 2018 @ RM 200.00 Perlantikan Akauntan 2018 (it is applicable for enterprise with more than 1 partner) ;

4. Individual 个人(Form BE) @ RM 200.00 Sample of Form BE@ tax submission dateline is 30th Apr yearly Perlantikan Akauntan 2018 ; (It's applicable to individual who is having on employment income)

5. Tax consultation 税务咨询 @ RM 250.00 per hour LHDN Corporate Tax 14032019;

6. Application of Tax Clearance Certificate @ RM 300.00 per certificate;
Employer will to submit accordingly: Public servant @ CP22B, Private sector @ CP22A and for individuals who are leaving Malaysia @ CP21.

7. Opening a tax file for Company (Form C & E ) @ RM 150.00, tax file (Form P) for partnership @ enterprise at RM 150.00, BE (income from employment) tax file @ RM 150.00 and B (income from business) tax file @ RM 150.00 (Sample of Form E Filling: Form E Filling

8. Submission of PCB  (Calculation link: http://calcpcb.hasil.gov.my/pcb_calc_2014.php?statwork=1&lang=may&curr_year=2014 );

9. Site visit and consultation @ RM 250.00 per hour with excluding out-of-pocket expenses.

Requirements:

Processing time of tax clearance in Malaysia

The processing time for your tax clearance letter is 10 working days from the date the application was received by LHDN. You may receive the letter within a week also.

Documents needed for tax clearance

To apply for the tax clearance certificate according to Malaysian Tax system, you need the following documents.

  • Original Passport ( This will be returned back immediately after the copy of the passport is verified)
  • Copy of all pages of your current passport
  • Form CP21/22A/23A: The form appropriate for your need with all the information completely filled and duly signed.
  • EA form – Company will give this form every year .Keep form for all the years you have worked in Malaysia.
  • BE form for current year
  • NR 51: List of stampings made in Malaysia in your passport.
  • Pay slip (Not mandatory)
  • PCB II Letter

Before submitting the documents you need to find out the LHDN outlet that is processing your income tax returns. You cannot submit the documents to any other LHDN outlet as they won’t process your application.

Remarks:

The above tax computation pricing is applicable if the bookkeeping is done by us. For those which is not, we will charge an additional professional review fees @ minimum of RM 800.00- RM 2,000.00 which is depends on the complexity of the review work.

This is the Summary of all IRB Due Dates and you may print it out as IMPORTANT REMINDER: 

PDF Version: IRB Duedates In Malaysia

entrepreneur-593360_640

-Personal Tax Reliefs for Year 2021:  To-be-advised (T.B.A)

-Personal Tax Reliefs for Year 2020: Official-2020-Personal-Tax-Reliefs

i. 2 new proposes where Malaysians with age 18 and corporate entities will be assigned a Tax Identification Number;

ii. The income tax rate of 17% is applicable for the first RM 600,000 with the paid up or LLP with capital contribution not exceeding RM 2.5 million and annual sales not more than RM 50 million.

-Personal Tax Reliefs for Year 2019Official 2019 Personal Tax Reliefs

Company's Tax Y/A 2019:

  • Company with paid up capital not more than RM2.5 million
    • On first RM 500,000
    • Subsequent Balance

17%
24%

  • Company with paid up capital more than RM2.5 million

24%

Individual's Tax Y/A 2019:

Chargeable Income

Calculations (RM)

Rate %

Tax(RM)

0 - 5,000

On the First 2,500

0

0

5,001 - 20,000

On the First 5,000
Next 15,000

1

0
150

20,001 - 35,000

On the First 20,000
Next 15,000

3

150
450

35,001 - 50,000

On the First 35,000
Next 15,000

8

600
1,200

50,001 - 70,000

On the First 50,000
Next 20,000

14

1,800
2,800

70,001 - 100,000

On the First 70,000
Next 30,000

21

4,600
6,300

100,001 - 250,000

On the First 100,000
Next 150,000

24

10,900
36,000

250,001 - 400,000

On the First 250,000
Next 150,000

24.5

46,900
36,750

400,001 - 600,000

On the First 400,000
Next 200,000

25

83,650
50,000

600,001 - 1,000,000

On the First 600,000
Next 400,000

26

133,650
104,00

Exceeding 1,000,000

On the First 1,000,000
Next ringgit

28

237,650
..........

-Personal Tax Reliefs for Year 2018 : Official 2018 Personal Tax Relief

-Personal Tax Reliefs for Year 2017: Official 2017 Personal Tax Relief

Reference:

Lembaga Hasil Dalam Negeri Malaysia (www.hasil.gov.my)