Malaysia Hotline: +603- 2141 8908
Tax
filing is the process of preparing tax returns, often income tax returns, often
for a company other than a person. Tax preparation may be done by the taxpayer
with the help of a licensed professional such as licensed authorized company,
certified public accountant or enrolled agent. Below refers to some common
questions that are frequently asked:
Do I Need to File?
· You must file a federal income tax return
if you own business transaction.
· The amount you owe varies depending on your
filing status, age, the kind of income you have, and other factors.
· Answer some easy questions to see if you
need to file.
How Do I File?
· Find a professional preparer.
· If you have employees, file employment
taxes.
What If I File Late?
· Think your taxes won't be finished on time?
File for an extension of time to file.
· Find out what can happen if you file late.
· Alternative payment plans are available.
In
Malaysia, individuals and businesses can use e-Filing to carry out their annual
tax assessment. Known in short as e-Filling, the Malaysian Inland Revenue Board
( IRB ) operates its online system through its e.hasil.gov.my website. Before
preparing tax return, it is a must to do accounting, in term of means to
accumulate and report on financial information about the performance, financial
position, and cash flows of a business. After that, IRB rely on audited
financial statements to determine the accuracy of tax returns filed by the
companies.
On the
other hand, for income earners with business income would need to submit their
forms latest by the 30th of June each year. The same procedure will be
applicable for both these income earner. However, business income earners might
have to pay a lump sum to income tax as they might not have adopted the PCB
method.
There
are several types of forms that you will be needed to submit. The BE form is
for individuals who do not have any business sources. This is the most common
form that is used by those who earn a monthly salary. The B Form is for
individuals who own a business. The M form is for non-residents who are working
with a monthly salary. This refers to individuals who are not citizens while he
MT form is for those who own a business in Malaysia. The P Form meanwhile is
meant for those who are in a partnership business.
Our
services included:
1.
Personal tax planning in Malaysia and submission of personal & business
income tax
2.
Malaysia Enterprises tax planning, preparation and submission of company tax
returns
3.
Multilateral trade tax planning
4.
Accounting, auditing and tax preparation
5.
Minimization of tax liabilities
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my