(Tax Update) Understanding New Company Tax and Secretarial Filing Requirements in Malaysia

Understanding New Company Tax and Secretarial Filing Requirements in Malaysia

Understanding New Company Tax and Secretarial Filing Requirements in Malaysia | KTP & Company Plt

Description:

Welcome to KTP & Company Plt, your trusted accounting firm in Johor Bahru, Malaysia. In this video, we dive deep into the essential tax and secretarial filing requirements for newly incorporated entities in Malaysia. Whether you're a new business owner or looking to ensure compliance, this guide will provide you with crucial insights.

In This Video:

1. Primary Obligations for Newly Incorporated Entities

Learn about the fundamental requirements for filing tax returns, annual return, audited financial statement in Malaysia, ensuring your new business starts on the right foot.

2. Post-Registration Taxpayer Responsibilities

Discover the necessary steps to take after obtaining your income tax file number, including maintaining accurate records and timely submissions.

3. Commonly Overlooked Tax Matters

We highlight the frequent tax issues that new taxpayers often miss and how to avoid these pitfalls.

4. Assessing Tax Estimation and Liabilities

Understand how the Inland Revenue Board of Malaysia (IRBM) evaluates tax liabilities and what you need to prepare for accurate assessments.

5. Administrative Considerations:

Stay informed about the administrative tasks you must handle to ensure smooth and compliant business operations with IRB and SSM

6. Appointing a Tax Agent:

Step-by-step guidance on the process of officially appointing a tax agent to manage your tax-related matters efficiently.

7. Anti-Money Laundering (AMLA) Checklist:

We explain the key objectives of the AMLA checklist, its importance, and why it's crucial for individuals and entities to complete it diligently.

At KTP & Company Plt, we are dedicated to helping businesses navigate the complexities of tax and secretarial requirements. Subscribe to our channel for more expert advice and stay updated with the latest developments in accounting and taxation in Malaysia.

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Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru
Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Bookkeeping, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsourcing bookkeeping, and payroll services to clients