Taxation
Navigating Complexity, Delivering Clarity in Tax Matters
Globalization and evolving tax regulations in Malaysia have made corporate tax compliance more complex than ever. Businesses must navigate intricate tax laws while maintaining efficiency and compliance to avoid risks and penalties.
At ThinkTx, we offer comprehensive tax solutions, ensuring businesses stay aligned with Malaysia’s tax laws and international tax regulations.
Our proactive tax services, compliance management, and dispute resolution services help businesses optimize tax efficiency while reducing risks.
Through collaboration with industry experts and continuous learning via ThinkTx Academy, we empower businesses and individuals with the latest tax insights, enabling them to make informed financial decisions with confidence.
Tax Advisory
At ThinkTx, we provide expert tax advisory services in Malaysia, helping businesses and individuals improve tax efficiency while ensuring full compliance with Malaysia’s tax regulations. Our team of experienced tax consultants collaborates with you to develop tailored strategies that optimizes tax exposure and enhance overall financial outcomes.
What ThinkTx Offers for Your Tax Advisory Needs:
• Tax Optimization Strategies – Improve tax efficiency while ensuring full compliance with Malaysian tax regulations.
• Regulatory Updates & Compliance Guidance – Stay ahead of evolving tax laws with proactive insights and expert guidance.
• Tax Position & High-Level Advisory and Review – Evaluate and enhance your overall tax position and structure through comprehensive reviews, supporting strategic decision-making and effective risk mitigation.
• Ad Hoc Tax Advisory – Get tailored advice on specific matters such as venture capital, remuneration packages, Employee Share Option Schemes (ESOS), or industry-specific scenarios.
e-Invoicing
As Malaysia transitions to a mandatory e-Invoicing system under IRBM, businesses must ensure full compliance with new digital invoicing standards. At ThinkTx, we provide end-to-end e-Invoicing implementation services to help businesses seamlessly adapt to the new framework whether via MyInvois Portal or Application Programming Interface (API) integration with their existing accounting or Enterprise Resource Planning (ERP) systems.
ThinkTx Solutions for e-Invoicing Compliance:
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Preliminary Assessment & Gap Analysis - We conduct a detailed review of your business model, transaction flows, invoicing practices, and internal documentation to identify gaps and determine required changes for e-Invoicing compliance.
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Custom Implementation Support - We assist with registration on the MyInvois Portal or integration via API, guide updates to your SOPs and invoicing processes, and help you prepare data collection protocols to meet IRBM requirements.
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Regulatory Advisory & Process Updates - ThinkTx advises on the correct type of e-Invoices to issue (e-Invoice, Credit Note, Debit Note, etc.) and recommends workflow updates to align with current and future IRBM guidelines.
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Hands-On Training & e-Invoicing Kits - We provide practical training for your internal team, including materials such as checklists, templates, SOP guides, and e-Invoicing Kits to support smooth day-to-day execution.
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Post-Implementation Support - Our team offers post-implementation support after your system goes live, addressing technical issues, troubleshooting errors, and regulatory compliance.
Tax Compliance
Staying compliant with Malaysia’s tax regulations is essential to avoiding penalties, audits, and reputational risks. At ThinkTx, we offer comprehensive tax compliance services for both corporations and individuals, ensuring accurate filings, timely submissions, and full adherence to local and international tax laws.
For Corporate Tax Compliance, our team manages everything from tax return preparation to submission, including fulfilling employer tax obligations such as employee-related tax reporting and compliance.
For Individual & Partnership Tax Compliance, We support individuals with both business income (e.g., sole proprietors) and non-business income (e.g., salaried employees). We also assist with tax compliance and filing for societies, associations, trusts, estates, partnerships, LLPs, ensuring accurate reporting and submission in accordance with Malaysian tax laws. Whether it’s rental income, dividends, or other earnings, we ensure all sources are correctly reported under the relevant tax requirements.
How ThinkTx Helps Supports Your Tax Compliance Needs:
• Corporate Tax Filing & Submission – We manage and file all corporate tax returns, ensuring complete compliance.
• Employer Tax Obligations – Fulfillment of all employer-related tax responsibilities under Malaysian regulations.
• Personal Tax Compliance – Accurate and timely tax filings for individuals with business or employment income.
• Declaration of All Income Sources – Ensure rental, interest, dividend, and other income are reported as required.
• Deadline Tracking – Never miss a tax due date with our automated tracking and reminders.
• Local & International Compliance – Stay aligned with Malaysia’s tax framework and applicable global tax laws.
Tax Dispute Resolution
Facing a tax audit, dispute, or unexpected tax bill? At ThinkTx, we provide expert tax dispute resolution services in Malaysia, helping businesses and individuals navigate tax challenges efficiently. Our experienced tax consultants work closely with you to identify issues, negotiate with the IRBM, and find the best resolution to resolve the matter amicably.
Strategic Tax Dispute Resolution from ThinkTx:
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Tax Audit & Investigation Representation – We represent and defend your interests during tax audits and investigations with Malaysian tax authorities.
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Negotiation & Settlement – We manage discussions with IRBM to resolve tax discrepancies and reach the most favourable outcomes.
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Tax Debt & Penalty Solutions – We help structure payment plans, reduce penalties, and manage appeals to ease financial burdens.
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Statutory Appeals – We handle the full appeal process, from Form N and Q submission to IRBM, Branch and State-level coordination.
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Representation – We represent you during Dispute Resolution Proceeding (DRP) sessions, liaise with IRBM Legal Department, and appear before the Special Commissioners of Income Tax (SCIT) when required.
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Revision Applications – We assist with submitting revision applications for excessive or incorrect tax assessments.
Expatriate Tax
Navigating expatriate tax in Malaysia can be complex, especially when dealing with dual tax obligations, international tax treaties, and compliance requirements. At ThinkTx, we provide comprehensive expatriate tax solutions, ensuring you remain compliant with local and international tax laws while maximizing available tax benefits.
ThinkTx Solutions for Expatriate Tax Matters:
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Cross-Border Tax Compliance – We help expatriates understand Malaysia’s tax laws and their home country’s tax obligations.
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Personal Tax Filing – We manage the preparation and submission of your personal income tax returns in Malaysia, ensuring accuracy, timeliness, and full compliance.
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Double Taxation Management – Our experts ensure you avoid double taxation by leveraging tax treaties and exemptions.
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Tax Optimization for Expatriates – We advise on available tax benefits, deductions, and exemptions.
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Tax Clearance Assistance -We assist in the tax clearance application process when you're planning to leave Malaysia and return to your home country, ensuring a smooth and compliant exit.
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Residence Status Advisory - We provide guidance on determining and maintaining your Malaysian tax residence status, ensuring eligibility for preferential tax treatments where applicable.
Transfer Pricing
For multinational companies in Malaysia, transfer pricing compliance is crucial to avoid tax penalties and align with the Organisation for Economic Co-operation and Development (OECD) and IRBM regulations. At ThinkTx, we help businesses develop tax-efficient transfer pricing strategies, ensuring fair and legally compliant inter-company transactions across multiple jurisdictions.
Managing Transfer Pricing with ThinkTx:
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Strategic Transfer Pricing – We structure inter-company transactions to comply with Malaysia’s transfer pricing guidelines and international tax laws.
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Transfer Pricing Documentation & Compliance – Our team prepares detailed reports and documentation to minimize risks.
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Dispute Resolution & Risk Mitigation - Assisting in resolving transfer pricing disputes and proactively managing pricing risks between related entities.
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End-to-End Transfer Pricing Analysis & Support, including:
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Comprehensive review of business model, intercompany transactions, and stakeholder roles.
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Functional, Asset and Risk (FAR) Analysis and benchmarking to determine appropriate pricing methods.
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Preparation of defensible documentation in line with the OECD and IRBM requirements.
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Tax Incentives
The Malaysian government offers various tax incentives to encourage business growth, investments, and innovation. These can include tax deductions, exemptions, and rebates that help reduce your overall tax burden. At ThinkTx, we specialize in identifying and securing the best tax incentives tailored to your business or industry, ensuring you fully benefit from government incentive schemes while remaining tax compliant.
Maximizing Tax Incentives with ThinkTx:
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Identify Eligible Tax Incentives – We assess your business activities to determine eligibility for government tax relief programs, investment incentives, and sector-specific exemptions.
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Optimize Tax Credits & Deductions – We help you claim tax credits, grants, and double deductions to maximize savings.
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Ensure Compliance & Documentation – Our experts guide you through the application process, ensuring you meet all legal requirements and avoid missed opportunities.
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Liaison with Relevant Authorities - We communicate directly with key government bodies including the IRBM, Malaysian Investment Development Authority (MIDA), and Securities Commission Malaysia (SC), streamlining the application process.
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Pioneer Status Incentive - We assist businesses in applying for Pioneer Status, which offers partial tax exemptions for companies engaged in promoted activities or producing promoted products under the Promotion of Investments Act 1986.
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Investment Tax Allowance (ITA) - We support your application for Investment Tax Allowance, allowing companies investing in approved projects to offset qualifying capital expenditures against their taxable income.
Withholding Tax
Withholding tax in Malaysia can be complex, especially for businesses making cross-border payments. At ThinkTx, we provide comprehensive withholding tax services to ensure both accurate deduction and timely compliance with the IRBM requirements.
Managing Withholding Tax Obligations with ThinkTx:
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Withholding Tax Advisory – We guide you on the correct withholding tax rates applicable based on payment types and tax treaties. Our experts help you determine obligations for royalties, technical fees, interest, and other payments.
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Withholding Tax Compliance – We ensure timely preparation and submission of Form CP37 and related documents to IRBM. Our team monitors deadlines and manages follow-ups to avoid penalties and ensure full compliance with Malaysian tax laws.
Stamp Duty
Stamp duty is a mandatory tax on legal documents, including property transfers, business agreements, and financial instruments in Malaysia. Ensuring accurate stamp duty assessment and compliance is crucial to avoid penalties and unnecessary costs. At ThinkTx, we provide comprehensive stamp duty advisory and processing services, helping businesses and individuals navigate complex stamp duty regulations efficiently.
Stamp Duty Advisory & Services by ThinkTx:
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Stamp Duty Assessment & Advisory – We analyze your transactions, property transfers, and agreements to determine applicable stamp duty rates and exemptions.
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Exemptions & Relief Applications – Our tax professionals help you identify eligible stamp duty reliefs and assist with exemption applications.
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Stamp Duty Advisory & Submission – We ensure accurate assessment and timely filing to prevent delays, errors, or penalties imposed by the IRBM.
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Property & Business Transaction Support – We advise on deal structuring and manage the full stamp duty process for property, share transfers, and agreements to ensure compliance and efficiency.
Real Property Gains Tax (RPGT)
Malaysia’s RPGT applies to profits earned from the disposal of real property or shares in real property companies. Understanding your RPGT obligations is essential to avoid penalties and ensure timely and accurate compliance. At ThinkTx, we provide comprehensive RPGT advisory and tax filing services tailored for individuals, property investors, and businesses.
Managing RPGT Obligations with ThinkTx:
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Transaction Advisory – Strategic tax advice for property disposals, transfers, and restructuring to ensure compliance and tax efficiency.
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RPGT Form Filing – End-to-end assistance in preparing and filing CKHT forms for both buyers and sellers to ensure compliance and efficiency.
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Tax Computation & Documentation – Accurate calculation of chargeable gains, exemptions, and reliefs.
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RPGT Compliance Management – Timely submissions and communication with the IRBM.
Estate Tax
Navigating estate tax matters requires careful planning and compliance, especially when managing assets across generations. At ThinkTx, we provide expert estate tax services in Malaysia, supporting individuals and families with comprehensive solutions for wealth transition and regulatory compliance.
How ThinkTx Supports Your Estate Tax Needs:
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Estate Tax Advisory – We assist in legacy planning by helping you structure asset distribution in a tax-efficient manner. Our team offers tailored advice to preserve family wealth and estate-related tax exposure.
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Estate Tax Compliance – We manage all necessary estate tax filings and declarations with the IRBM, ensuring that all legal obligations are fulfilled accurately and on time.
Indirect Tax
Indirect taxes apply to goods and services rather than income. Managing indirect tax compliance can be complex, especially for businesses involved in cross-border transactions. At ThinkTx, we provide expert guidance to ensure businesses in Malaysia remain compliant while optimizing their indirect tax strategy to avoid overpayment and reduce risks.
ThinkTx Solutions for Indirect Tax Compliance:
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SST Advisory – Expert guidance on Malaysia's Sales and Service Tax (SST) and other indirect taxes affecting your business.
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Tax-Efficient Transaction Structuring – We help businesses optimize supply chain structures and reduce unnecessary costs.
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Cross-Border Compliance – Ensuring that your import/export activities, international sales, and multinational operations meet all regional and global tax regulations.
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Indirect Tax Appeals & Representation - We support clients through the full tax appeal process for indirect tax matters. Our services include managing Customs audits, handling Customs verification processes, SST registration and deregistration, and representing clients at the Customs Appeal Tribunal (CAT).
Knowledge Sharing
(ThinkTx Academy)
ThinkTx Academy is dedicated to empowering businesses, professionals, and individuals with up-to-date tax knowledge through webinars, seminars, and workshops. As tax regulations in Malaysia continue to evolve, staying informed is crucial for ensuring compliance, tax efficiency, and strategic financial planning. Our expert-led sessions provide valuable insights into corporate tax, personal tax, e-Invoicing, SST compliance, tax incentives, transfer pricing, and more.
Our ThinkTx Academy Offers:
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Live Webinars & Seminars – Covering the latest Malaysian tax laws, corporate tax advisory, and regulatory updates to keep businesses compliant and competitive.
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Expert-Led Training – Learn from seasoned tax professionals, licensed tax agents, and financial consultants with years of industry experience.
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Practical Insights & Case Studies – Understand real-world tax scenarios, dispute resolution strategies, and tax-saving opportunities to make informed business decisions.
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Custom Tax Training for Businesses – Tailored tax compliance and financial management programs for companies looking to upskill their finance teams.
