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corporate tax planning

Tax Advisory and Corporate Tax Planning Services in Kuala Lumpur, Malaysia

Whether updates are made on enhanced taxation processes or new regulations imposed, taxation procedures in Malaysia tend to shift over time, and they can be challenging to keep up with.

As a business owner, you might need to spend countless hours familiarizing yourself with the latest improvements so you can adjust your finances accordingly. The last thing you want is to be penalized for not meeting the government’s requirements. But of course, with your busy schedule, when do you have time for all of that?

Bestar Consulting provides Tax Advisory and Corporate Tax Planning Services, so you don’t have to worry about your taxes and the regulations that come with them. Instead, we take away the stress of paying taxes so you can focus on running your business.

Corporate Tax Planning and Tax Advisory Services

Why Choose Bestar Consulting?

  • We have a team of highly skilled and experienced professionals to provide you with the best taxation service in Malaysia. Each of them is equipped with proper knowledge and the special skill set to assist with your accounting, bookkeeping, and taxation needs.
  • We provide customized approaches to specifically target the needs of every client and provide strategic solutions to resolve all tax-related concerns.
  • We also provide other services outside the realm of taxation to help you manage your personal and company finances to ensure compliance and avoid incurring losses.

Tax Compliance

We have tax experts to oversee and handle personal taxes from business ventures or employment income (Form B/BE) and partnerships (Form P). We also manage personal taxes for foreigners and non-residents (Form M).

If you’re from a foreign country, expanding your business venture to Malaysia, understanding the taxation system may be challenging for you. Therefore, we strongly recommend that you consult with our tax advisory team so that we can help you navigate through the country’s rules and regulations.

We ensure to register, file, prepare and submit important documents to the Inland Revenue Board of Malaysia (IRMB)–also known as Lembaga Hasil Dalam Negeri (LHDN)–on your behalf. In addition to these requirements, we are also well-versed in tax computation and tax reports, so we can assist you in filling out the required forms.

If you’re a business owner, we file your company’s annual tax return (Form C) alongside the necessary information. We also secure the submission of Tax Estimation (Form CP204) within the given deadline. We at Bestar Consulting guarantee that you comply with tax regulations and are constantly up to date with all your requirements.

Field Audit and Tax Investigation Preparation

As you continue to grow your business, you’ll discover that your tax requirements grow with it. In other words, the bigger your company gets, the more complicated your obligations become.

According to the Sales and Service Tax (SST) Malaysia Act, random tax investigations are done to ensure that companies comply with the state regulations. The authorities may collect product samples, check audit accounts, and ask questions. Thus, it is important that you prepare for unexpected field audits. In addition, it’s crucial that you settle taxes timely to pass the investigation.

If the officers find unusual documentation, it may lead to tax penalties or even imprisonment. To minimize the risk of getting penalized, Bestar Consulting will provide business tax advisory services to ensure that you pay your taxes timely and accurately.