Personal Tax

TJHSS Tax Services Sdn Bhd is a licensed tax firm in Penang, Malaysia that handles tax implications of the small, medium, and large complex businesses. With several years of experience as a tax and business consultant, as well as extensive knowledge of tax planning, advisory, and compliance, we can provide professional advice that will benefit your business both today and in the future. Our mission is to ensure that companies and individuals comply with the Malaysia Income Tax Act 1967. The following information pertains to our taxation services:

Our Taxation Services

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TAX COMPLIANCE SERVICE FOR INDIVIDUAL / SOLE- PROPRIETOR BUSINESS/ PARTNERSHIP BUSINESS & ASSOCIATIONS

⊳ Form B (Personal tax filing with business income)
⊳ Form BE (Personal tax filing with employment income)
⊳ Form P (Partnership business income)
⊳ Form M (Personal tax filing for non-residents)
⊳ Form BT (Business, Employment, and Other Income (Knowledge Workers / Expert Workers)
⊳ Form TP (Deceased Person’s Estate)
⊳ Form TF (Association)

Service Provided

✓ Prepare and submit the annual tax returns for sole proprietors and partnerships (Form P & B) to the Internal Revenue Board (IRB), and prepare income tax computations.
✓ Prepare and submit the association’s annual tax return (Form TF) to the Internal Revenue Board (IRB) and prepare income tax computation.
✓ Prepare and submit the individual annual tax return (Form BE, M, BT & TP) to the Internal Revenue Board (IRB).
✓ Inform the customer of the deadline for filing the original estimated tax payable (Form CP500) and the compliance requirements associated with the estimated tax amount.
✓ Reminder of tax liability estimates revisions.
✓ Prepare and submit revisions to tax payable estimates using Form CP502 (if any).

TAX COMPLIANCE SERVICE FOR LIMITED LIABILITY PARTNERSHIPS

⊳ Form PT (Personal tax with business income)
⊳ Form CP 204 (estimate tax Installments)
⊳ Form CP 204A (revision of estimate tax installments)

Service Provided

✓ Prepare and submit the LLP annual tax return (Form PT) with the Internal Revenue Board (IRB), and prepare income tax computation.
✓ Advice of the payment of the balance of taxes based on the LLP annual tax return.
✓ Notify of the deadline for filing the original estimated tax payable (Form CP 204) return, as well as the compliance requirements for the estimated tax amount.
✓ Fill out and submit Form CP 204 based on the estimated tax liability provided by the company.
✓ Reminder to revise tax payable estimates in the 6th and 9th months
✓ Prepare and file revisions to tax payable estimates on Form CP204A. (if applicable).
✓ Remittance of monthly tax installments at the IRB payment counter (excluding your office’s check collection service)

TAX PLANNING & ADVISORY SERVICE

Sole- Proprietor, Partnership, and Limited Liability Partnerships Tax Planning
⊳ Re-structuring
⊳ Group relief

Company allowance deduction
⊳ Industrial building allowance
⊳ Double deduction

Calculation of Capital Statement

TAX AUDIT & INVESTIGATION

Desk Audit and Field Audit
⊳ Respond to tax authorities’ inquiries.
⊳ Preparation of workings, computations, reconciliation, and supporting schedules required by the tax authorities.
⊳ Reviewing and appealing proposals given by the tax authorities

OTHER TAX SERVICES

⊳ Form EA
⊳ Form E (Employer Form)
⊳ Tax Clearance
⊳ Tax Credit Refund
⊳ Tax Credit Set-off

BENEFIT FROM OUR SERVICES:

We are constantly looking for ways to reduce taxes and keep up with the latest tax incentives to help you benefit from them.

Perform calculations, review the documentation, and submit high-quality tax returns in a timely manner.

Identify and highlight tax risk areas to reduce exposure to inappropriate or unintentional tax risk. We will provide appropriate solutions to avoid penalties.

Optimizing tax-advantaged corporate and operating structures

Phone: +6011-13049134
Email: tax@tjhss.com.my