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Corporate Tax Filing & Compliance in Malaysia
Keep your business fully aligned with Malaysian tax laws through our corporate tax compliance services. From timely filings to strategic planning, we help you minimise risks, improve tax efficiency, and ensure smooth business operations all year round.
Why Partner with Great CFO
Explore the key advantages of partnering with Great CFO to drive your business growth and compliance success.
Our Services for
Tax Compliance
01
Annual Tax Returns & Filings
- Prepare and submit accurate corporate tax returns, including Form C, in full compliance under the Income Tax Act 1967.
02
Corporate Tax Advisory
- Provide expert guidance on tax incentives, exemptions, and zone-specific schemes to maximise benefits legally.
03
Tax Audit Support & Investigations
- Assist in managing audits with complete documentation, strategic responses, and professional representation.
04
Dispute Resolution & Case Management
- Resolve tax-related disputes efficiently through negotiation and structured case handling.
05
Transfer Pricing Compliance & Documentation
- Ensure compliant transfer pricing policies with thorough documentation to meet Malaysian tax authority requirements.
Strengthen Your Business with Proven Expertise
Malaysia’s Corporate Income Tax Rate Structure
Malaysia uses a tiered corporate income tax system. This structure supports smaller businesses and keeps rates competitive for larger companies.
| Company Type | Taxable Income | Tax Rate |
| Resident Company | First RM150,000 | 15% |
| RM150,001 – RM600,000 | 17% | |
| Above RM600,000 | 24% | |
| Non-Resident Company | All chargeable income | 24% (flat) |
To access the preferential rates for SMEs, your company needs to satisfy three conditions:
- Your paid-up capital must be RM2.5 million or less.
- Your annual gross business income cannot exceed RM50 million.
- At least 80% of the company must be Malaysian-owned.
If your company doesn’t meet all these criteria, it will be taxed at a flat rate of 24%, the same rate applied to non-resident companies.
Deductible vs. Non-Deductible Business Expenses
To ensure an expense is deductible, the Income Tax Act 1967 states that you must have incurred it “wholly and exclusively” while generating your business’s income.
| Allowable Deductible Expenses | Non-Deductible Expenses |
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If you misclassify your expenses, you could face hefty back-taxes, penalties, and interest.
It’s wise to review your tax computations regularly as part of sound risk management to avoid these costly mistakes.
Malaysia’s Estimated Tax System:
CP204
In Malaysia, companies handle their income tax through a self-assessment system.
Instead of paying one lump sum at the end of the year, you estimate your tax liability in advance and pay it in monthly instalments.
This estimate is submitted (Form CP204) at least 30 days before your financial year starts. After filing, you must make monthly payments (Form CP207) by the 15th of each month.
This helps you manage your expected tax payable more effectively throughout the year.
Withholding Tax Obligations
When your Malaysian company pays a non-resident for certain services, you need to withhold a portion for taxes and send it to the Inland Revenue Board or LHDN.
If you don’t do this, or if you get the amount wrong, you will have to pay a penalty.
| Payment Type | Standard Rate | Treaty Rate (where applicable) |
| Interest | 15% | 0%–15% |
| Royalties | 10% | 0%–10% |
| Technical fees | 10% | 5%–10% |
| Rental of movable property | 10% | 5%–10% |
| Contract payments | 13% (10% + 3% employee tax) | May be reduced |
| Dividends | 0% | Generally 0% |
Malaysia has over 70 Double Taxation Agreements (DTAs) that can help reduce your withholding tax on cross-border payments.
To take advantage of these lower rates, you’ll need a Certificate of Residence (COR) from the LHDN. You also must confirm that the recipient is eligible under the specific DTA.
Frequently Asked Questions
It includes annual filing of corporate income tax returns, compliance with reporting obligations, transfer pricing adherence, and representation during tax audits or investigations.
We recommend annual planning, with mid‑year reviews if your business undergoes significant changes (e.g. new investments, expansion, or restructuring).
Yes. We help prepare necessary documentation and benchmarking studies, particularly relevant for intercompany transactions involving related parties.
Our team provides full audit support, handles queries, compiles documents, negotiates with authorities, and implements dispute strategies.
We analyse your business model to uncover potential deductions, reinvestment allowances, zone-based incentives, or grant-based tax breaks tailored to your profile.
Our tax advisors monitor updates in LHDN regulations and Income Tax law changes to ensure you remain fully compliant and take advantage of opportunities.
Yes, especially in areas such as transfer pricing, cross-border structuring, and international filings — we coordinate with specialists where needed.
Our services are ideal for SMEs, startups, multinational firms, and businesses with complex compliance environments or frequent transactions.
Tax Compliance Packages
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Meet Our Professional
Ms. Vivien Lim
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