Tax advisory and compliance
Tax Computation and Advisory Services in Klang, Subang Jaya and Kuala Lumpur
Revenue from corporate taxes are an important source of income for the government of Malaysia. Any company whether or not considered a resident company, is assessed on income accrued in or derived from Malaysia.
Businesses rely on efficient tax planning to minimize tax liabilities and ensure that all available allowances, deductions, exclusions and exemptions are working together in the most tax-efficient manner to reduce the total tax payable.
Seeking expert advise is a wise investment in minimizing tax and protecting your business's profits. If you are looking for strategic tax advise, contact any of our tax advisors for help. We offer a wide range of services designed for businesses and individuals.
Why is tax planning important?
Business owners usually adopt tax planning strategies to help them achieve their financial and business goals. There are significant benefits of tax planning in terms of
Lowering the amount of taxable income
Reducing tax rate
Allowing businesses to have greater control of when taxes get paid
Maximising tax relief where available
Malaysia's laws are constantly evolving and therefore, regular reviews are very important. There are also different types of business tax planning strategies, depending on your nature of business, your assets, inheritance, place of business and so on.
This is often a large cost to profitable companies. Malaysia's corporate tax rate currently stands at 24% - nevertheless, SMEs can retain more profits from corporate tax planning. Whether the tax planning strategies includes deferring income or profits, bringing forward costs, or capital allowances, the team at Ashton does the calculations for you and keeps you informed of what strategy works for your business.