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  • RIVERSTAR FASHION WEAR LIMITED

    It’s a garments industry in Bangladesh was incorporated and setup through this consultancy firm. Government permission and all other permission were managed by them. Well-done S & F CONSULTING FIRM LIMITED RIVERSTAR FASHION WEAR LIMITED-Germany
    PATRICK BACKHAUS, Director, Germany
  • K.M. Dastur & Company Private Limited-Malaysia

    Excellent in a word, they are professional are smarter, made the jobs done in time. Thanks to the entire team of S & F CONSULTING FIRM LIMITED.

    K.M. Dastur & Company Private Ltd-Malaysia


    Sydul Islam, Country Manager (branch office)
  • BLACKnGREEN LIMITED-India

    S & F CONSULTING FIRM LIMITED is a professional foreign company registration, formation consultancy services provider. We are happy & thankful to them. BLACKnGREEN LIMITED-India
    Karthik Shankar, Chairman, India
  • GOLD WELL RESOURCES PVT LTD

    This is to certify that S & F CONSULTING FIRM LIMITED works with honesty & sincerity to set up our company, accounts & legal services. They are like a safe guard of my company. GOLD WELL RESOURCES PVT LTD
    LIM KOK KAH, Chairman of the company, Singapore
  • ERTELL LIMITED

    I am happy to provide a reference for the S & F CONSULTING FIRM LIMITED, a Company Formation & Legal firm have worked with satisfaction. ERTELL LIMITED
    Javier Parez, Chariman, ERTELL LTD, Spain
  • BESTINET SDN BHD-Malaysia

    To Whom It May Concern It is my pleasure to recommend S & F Consulting Firm Limited to register our company. They have good knowledge on foreign investment, business incorporation and/ or formation law.

    BESTINET SDN BHD-Malaysia


    Baizura Rahmat, Manager- Operation
  • NIPRO ASIA-Singapore

    We are very glad for the services of S & F Consulting Firm Limited. It's a professional consultancy firm who support us accounts, audit, income tax and renewal licenses for a longer. We are happy for their people and services.

    Wish you all the best !

    NIPRO ASIA PTE LTD-Singapore  
    Sadekin Nawaz Khan, Country Manager

Incorporation Certificate

Income Tax filing Malaysia

Income Tax filing Malaysia

<img src="Malaysia_tax.jpg" alt="Income tax filing Malaysia"/>
Income tax filing Malaysia
  

 Income Tax filing Malaysia

 

Limited liability partnership (LLP), LLC, Society, trusty bodies are liable to pay tax to government every year.  Those corporations have not started business are not responsible to apply CP 204. Tax payer needs the following:

  1. Tax return form and forwarding letter with supporting papers
  2. Computing corporate tax
  3. Declare income and expense
  4. Audit report
  5. Tax payment clear within the period

Each corporation may pay taxation as monthly installment system.

 

Penalty of late installment payment

 

  • 10 percent additional cost will be applied if fail to pay monthly installment tax on time.
  • If there is found different between actual and estimated tax around 30 percent then 10 percent tax will be increased from actual tax.
Penalty on late payment 

If the tax payer does not pay tax on time 10 percent additional tax will be applied with outstanding amount.

Appeal on penalty amount 

If the applicant, company unlike to pay penalty will submit written copy within 30 days of accounts date.

Mode of payment 

Payment can be made at counter of IRBM, Cheque or bank draft, at bank and by internet

Corporate Tax Rate

(As guide of income tax filing Malaysia)

Income Tax assessment of year 2016

If paid up capital is less than RM 2 point 5 millions

  • 1st RM ½ million: 19 percent (Tax)
  • Other balance: 24 percent (Tax)
Tax for individual

 

Income has to declare to IRBM who is identified as tax payer. Tax payer shall submit tax form by and before Thirty April of every year. Tax payer shall declare income and expenditure, record of audit etc.

 Tax payer shall keep the following papers:

Form ES, Medical receipt, Zakat receipt, Insurance papers, book purchase receipt and donation papers if any, birth certificate of children, work paper, marriage certificate and dividend

Chargeable income Calculations (RM) Rate % Tax (RM)
0 to 5000 2500 zero zero
5001 to 20,000 5000 to 15,000 One 0 to 150
20001-35000 20000 to 35000 5 150 to 750
70001-100000 70000 to 100000 21 5600 to 6300
600001-1000000 1000000 to next amount 28 238650

How to register tax file?

How to register Tax file?(As guide of income tax filing Malaysia)
  • Register through online
  • Or, register to contact with your nearest branch
Documents require for registration (As guide of income tax filing Malaysia)
  • Form 9: Certificate of registration
  • Form 49: Name and address of the directors
  • Documents should be certified by Company Secretary
  • Company form, search available on website.
Tax exemption(As guide of income tax filing Malaysia)

 

Retirement gratuity, medical benefit, leave passage, gratuity paid upon contract, gratuity paid apart from public fund, compensation for the loss of staff hiring, pension, scholarship, death gratuity, dividend, royalty, income from outside of Malaysia and some others
   

Offences, Fine and penalty

Offences Provision Fine (RM)
Failure to process income tax form without cause 112 (two) 200-two thousand or imprisonment or both
Failure to give the payable tax without valid cause 112 (two) 200-two thousand or imprisonment or both
If improper tax return is made 113 (one) (a) 1000-10000 and 200 percent tax additional applicable
If incorrect information is given 113 (one) (b) 1000-10000 and 200 percent tax additional applicable
Intentionally if any person assist others to evade tax 114 (one) 1000-20000 and 300 percent tax additional applicable or imprisonment or both
Assist others to declare income 114 (one A) 2000-20000 or imprisonment or both
Attempt  to go out from country without pay of tax 115 (one) 200-2000 or imprisonment or both
If any officer of Inland Revenue makes obstacle to carry responsibilities 116 1000-10000 or imprisonment or both
If fails to keep proper papers 119 A 300-2000 or imprisonment or both
If change office address without notice 120 (0ne) 200-2000 or imprisonment or both
If pay tax after thirty (30) June of business 103 (4) 10 percent or 5 percent additional tax will be applicable

Close tax file permanently

Close tax file permanently

 

  • If company permanently is closed from business
  • If the company is financially crime and have court order

A forwarding letter has to submit to close tax file.

You may find other writing apart of Income Tax filing Malaysia as below:-

SFM CONSULTING FIRM SDN. BHD.

S & F CONSULTING FIRM LIMITED

Jalan Tun Mohd Fuad, Taman Tun Dr. Ismail

Kuala Lumpur, Malaysia

Email: contact@sfconsultingbd.com

Phone: +601131234372

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