Malaysia Corporate Tax Services
Emerhub works with precision, foresight, and a commitment to compliance. Our experts deliver compliant, audit-ready accounting and tailored tax strategies that support sustainable growth.
Our Comprehensive Corporate Tax Services
Get a focused suite of tax services, designed to tailor compliance for your business in Malaysia. Our range of services include:
Company Tax File Number (TFN) & e-Filing Setup
Register for a Tax Identification Number (TIN) with LHDN to legally submit corporate tax returns and declarations.
Corporate Income Tax (CIT) Compliance
File Form C annually with LHDN. Standard rates are at 24%, and 17% for SMEs (under RM2.5 million paid-up capital and ≤ RM50M revenue). Monthly CP204 installments apply.
Sales & Service Tax (SST) Management
Mandatory for businesses crossing registration thresholds (RM 500k–RM 1 million). Requires registration and accurate calculation of applicable rates for products and services.
Real Property & Capital Gains Tax (RPGT/CGT)
Gains from property and unlisted share disposals can trigger RPGT or CGT. Rules vary based on asset class and holding period.
Audit & Financial Statement Preparation
Companies exceeding RM1 million in revenue or RM500,000 in assets must undergo annual audits. Financials must be signed by a licensed Malaysian auditor.
Accounting & Bookkeeping
Maintain records in Malay or English, in MYR. Must follow MPERS or MFRS, and be retained for 7 years under Section 245 of the Companies Act.
Core Tax & Accounting Requirements in Malaysia
From local currency bookkeeping to audit triggers, here’s what you need to know about how Malaysia defines financial compliance for foreign companies.
Tax Requirements
- Tax Identification Number (TIN): Register for a Tax Identification Number (TIN) with the Inland Revenue Board of Malaysia (LHDN/IRBM) for corporate and individual tax purposes.
- Corporate Tax Filing: Corporate Income Tax Return (Form C) filed annually with LHDN, typically within seven (7) months from the end of your financial year.
- Sales & Service Tax (SST): Register for SST and submit bi-monthly returns to the Royal Malaysian Customs Department.
- Withholding Tax (WHT): Withhold tax, for payments made to non-residents for certain services (e.g., royalties, technical services, interest).
- Employer Tax Obligations (PCB/EA Form): Deduct monthly tax (Potongan Cukai Berjadual – PCB) from employee salaries and remit it to LHDN. Annual EA forms summarizing employee remuneration must also be issued.
Accounting Requirements
- Reporting Standards: Follow Malaysian Financial Reporting Standards (MFRS) for public interest entities or Malaysian Private Entities Reporting Standard (MPERS) for qualifying private entities.
- Language & Currency: All accounting records and financial statements are maintained in Bahasa Melayu or English, denominated in Malaysian Ringgit (MYR).
- Record Keeping: Retain accounting books, supporting documents, and underlying records.
- Statutory Audit: Companies exceeding specific revenue or asset thresholds, or those deemed public interest entities, are legally required to undergo an annual statutory audit by an independent registered auditor.
Partner with Emerhub for Your Tax & Accounting Needs.
We blend local expertise, efficiency, and transparency to audit-proof your business.
Certified Professionals
MIA chartered accountants, CPA’s, and qualified bookkeepers on every file.
Real Time Access
Xero, QuickBooks & SQL dashboards— check in through streamlined systems from anywhere, anytime.
On-the-Ground Support
Meet virtually or in person with our Kuala Lumpur-based team for filings, audits, or urgent tax queries.
Frequently Asked Questions About Tax & Accounting in Malaysia
Not always. Companies that qualify as dormant, zero-revenue, or fall below the audit exemption threshold (i.e. ≤ RM1 mil revenue, ≤ RM500k assets, ≤ 5 employees) may skip statutory audits. However, exemptions must be declared and justified with supporting documentation.
Foreign-owned Sdn. Bhds. are taxed at the same 24% corporate rate, with the same SME tier (17% on the first RM600k) if they meet the conditions. However, withholding tax, SST obligations, and transfer pricing documentation are often more relevant for foreign entities.
Bookkeeping is the daily recording of transactions (sales, purchases, bank entries). Accounting groups those records into monthly or annual statements such as profit-and-loss, balance sheet, cash-flows, etc. and interprets the numbers.
Private entities usually adopt MPERS (Malaysian Private Entities Reporting Standard). Public-interest or larger companies follow MFRS. The choice affects presentation but not everyday bookkeeping.
Under the Companies Act 2016, ledgers and source documents must be retained for seven years from the financial year-end.
Market rates start at ≈ USD 200-300 per month for <100 transactions and scale with volume, complexity, and whether you need audit and XBRL support.
Incomplete records can trigger Inland Revenue queries. Late annual returns to SSM attract compounds up to RM 50 per day, while late MBRS filings can reach RM 10,000 plus daily fines.
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Schedule a call with an Emerhub consultant in Malaysia
Tell us about your plans. We’ll reach out to discuss your needs and how we can help you setup your business in Malaysia.
Email Us
malaysia@emerhub.com
Call Us
+60 19 228 4420
Visit Us
C-18-6, KL Trillion, Kampung Datuk Keramat,
50400 Kuala Lumpur, Malaysia