TAX
Effective Tax Management for Long-Term Business Compliance
Effective Tax Management allows your business to remain compliant and organized over the long term. Whether you are beginning a new business or restructuring an existing one, PLC can assist you to assess and choose the best tax structure for your venture.
PLC works with you to stay informed and disciplined in all business tax activities.
Malaysia and international tax law is an ever-evolving landscape of complex clauses and processes. Tax planning activities are tightly regulated, and businesses face challenges in establishing the most effective tax model for their conduct.
The specialist tax team at PLC can assist you in
Adjusting to regulatory changes
Identifying emerging trends
Reducing tax risks
Understanding and meeting compliance obligations
WHAT WE & OUR SERVICES DO TO HELP CLIENTS?
Accurate & Timely Tax Filing
We can ensure your company submits all regular tax-related documents, such as your annual tax return accurately and on time. This saves your business time and money from wrongful or missed submissions.
Effective Tax Planning
We can assist you to find the most effective tax plan for your business, so you can focus on the everyday activities of your company.
Expert Tax & Industry Analysis
We can conduct expert analysis of the industry and economic environment to advise the best course of action, ensuring your confidence.
What is the tax treatment for coupon/ voucher purchased online and redeemed at the F&B operator?
Coupon/ voucher purchased online and redeemed at the F&B operator is subject to service tax. The coupon/ voucher value shall be accounted for by F&B operator. The value to impose service tax is the value of actual price.
I am an F&B operator. I also have assets such as land and building for rent. Are those rentals subject to service tax? What if the assets were located away from the F&B premise, for example F&B premise in Jalan Pudu but the building rented out were in Selayang?"
The provison of any services provided by a registered F&B operator is subject to service tax when the service is provided in or within the premise or when the service is a prescribed taxable service. In this example, where the land is not within the premise of the F&B operator, the rental is not subject to service tax. Meanwhile a rental of a building or a part of the building within the premise is subject to service tax.
I am a vending machine operator who has vending machines in public places such as shopping mall, airport, etc. Should I register under Service Tax Act 2018?"
A vending machine operator is not a service provider. Therefore, vending machine operator is not liable to be registered.