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Services
Field Audit Planning
Field-audit planning is a service provided by YL Chee Tax Services Sdn Bhd to assist business owners in preparing for field audits. Extra planning could provide valuable information about the level of compliance among companies and other large business entities.
The most important factor involved in field audit planning is to advise clients on the right way of performing taxes and also assist companies in preparing the necessary documentation for taxation purposes. An additional piece of information will prove to be useful in the long run.
Tax Planning & Advisory
We provide advice to companies with regards to their Income Tax Planning and we will provide you with expert advice on tax planning issues that a company should consider based on the relevant tax laws, regulations and rulings as well as relevant court decisions.
Our experienced team will review your business structure and tax position, propose ideas on tax saving opportunities and identify tax incentives available. In doing so, helping you maximise your tax savings while minimising risks and tax exposure. We also provide company with a specific plan to enable it to minimise possible future tax exposures and liabilities, as well as to maximize its realization of possible tax benefit under both local and international tax laws.
Our Services Include:-
- Identification and measurement of tax risks
- Cost allocation planning
- Entity selection
- Business start-up consulting
- The tax consequences of business decisions
- Efficient solutions for tax compliance
- Tax effects of buying / selling a business
- Merger and acquisition planning
- Corporate, individual, partnership, trust, joint venture tax planning
Company Income tax
YL Chee Tax Services Sdn Bhd’s practice is aimed at helping clients minimize tax risk while creating maximum value for our precious clients. We are specialized in tailored services which meets the needs of our clients while getting the best out of Corporate Taxation. Through tailored initiatives, the practice helps clients find opportunities for more effective tax savings that can make a significant impact on their balance sheets.
Our Services Include:-
- Design and implementation of appropriate tax structures
- Assistance during corporate reorganisations
- Advice on fringe benefits
- Review of dividends for company
- Risk assessment reviews
- Assist clients in fulfilling the responsibility of tax compliance
Personal Income Tax
At YL Chee Tax Services Sdn Bhd we are dedicated to preparing your Tax Returns to your complete satisfaction. Our service covers a broad range of areas that may impact individuals in respect of income tax. Our services include the following:
Our Services Include:-
- Assist in meeting Employers Responsibilities towards tax requirement
- Advising clients on personal tax issues
- Payroll reviews
- Advice on tax effective remuneration packages
- Meeting tax compliance requirement of individual tax payer
- Tax refunds
Real Property Gains Tax
Real Property Gains (RPGT) are gains derived from disposal, sell, convey, assign, transfer, settle, or alienate whether by agreement or by force of law on chargeable asset. The RPGT return is to be furnished to the IRB within 60 days from the date of disposal of the chargeable assets.
Effective 1 January 2014, a RPGT tax rate of between 15% to 30% will be imposed on individuals and companies who are Malaysian citizens and permanent residents based on holding period of up 5 years. RPGT of 5% will be imposed for holding period exceeding 5 years for companies. Individuals who are not Malaysian citizens will be subject to RPGT at the rate of 30% for holding period up to 5 years and 5% for a holding period exceeding 5 years.
Partnership and Sole-Proprietorship Tax
Wondering what is new in partnership and sole-proprietorship tax? Wait no longer to find out the most accurate and precise answer regarding Partnership and Sole-proprietorship tax from YL CHEE tax consultants. Our tax consultant will provide advice on the tax implication of the different business model and also functionality of tax in different business modal.
Our Services Include:-
- Meeting tax compliance requirement of Sole-proprietorship and partnerships.
- Advising on tax deduction on employees of Sole-Proprietorship and partnership.
Pioneer Status
Pioneer status in Malaysia simply means tax exemption on your statutory income. A company that is granted Pioneer Status will enjoy different degree of tax exemption depending on the types of promoted products/activities. The role of YL Chee Tax Services Sdn Bhd is to help companies apply for tax exemption based on the business of the company. Professional advice is provided to business owners in terms of meeting annual tax compliances. For example: government do provide incentives for Waste Recycling Activities, Incentives for the Use of Renewable Energy Resources, Incentives for Energy Conservation and Incentives for Forest Plantation Project.
Our Services Include:-
- Calculation of Pioneer Status income.
- Advice on the procedure of applying for Pioneer Status.
- Help in the preparation of documentation for the application of Pioneer Status.
Re-investment Allowances
A manufacturing company that has been in operation for at least three years and incurs qualifying capital expenditure to expand, modernize or automate its existing business or diversify its existing business into any related products within the same industry can apply for Reinvestment Allowance (RA).
The RA will be given for a period of 15 consecutive years beginning from the year the first reinvestment is made. Companies can only claim the RA upon the completion of the qualifying project, i.e. after the building is completed or when the plant/machinery is put to operational use. Y L CHEE Tax Services Sdn Bhd helps to advice clients on the procedures to claim their capital expenditure. Apart from that, they also make sure that all the rules and regulations are being complied and assists in preparing the correct documentation for the application.
Expatriate Tax Matters
Expatriate tax in Malaysia can be a complicated matter when faced with cross-border issues. YL Chee Tax Services Sdn Bhd is there to advise Expatriate on the issues regarding the residence status in Malaysia. On top of that, Professional advice is also given on the tax implication on remuneration package. We also make sure that all of our Expatriate clients meet their tax compliances responsibility.