Taxation

Modern day tax legislations require businesses and individuals to have an understanding of tax laws and regulations to manage their businesses and transactions including maximising tax benefits and relief.

Our goal as tax practitioners is to help clients manage their tax concerns more effectively in what has become an increasingly complex environment.

The increasingly complex tax environment has made it essential to align your tax strategies with your business needs especially under the self-assessment regime currently practiced in Malaysia. Reporting and adherence to compliance rules have never been more critical or subject to more penalties. Our tax professionals provide proactive solutions to help you decrease your tax liability and anticipate potential pitfalls.

We provide tax compliance services involving the preparation and submission of tax returns, application of tax incentives, claiming for refunds for corporations and individuals. In addition, we also offer services related to assistance in dispute resolution, tax audits as well tax investigation cases.

Strategic tax planning works to align tax regulations and obligations as closely as possible with a business's strategic vision. In doing so, it helps minimise tax liability and increase the resources available to grow the enterprise. We constantly survey the most innovative and insightful thinking in the field, examine the latest methods to problem-solving and monitor changes in tax legislations with a single goal in mind – generating strategies that minimise tax charge and create positive results. Strategies our clients expect and appreciate.

When tax burdens decrease your available financial resources, you need advice and guidance from professionals who understand how to address tax challenges and seize tax-saving opportunities.

Since the implementation of the Goods and Services Tax in Malaysia in April 2015, many businesses are still getting used to its procedural and accounting requirements. In OKL, we strive to provide practical and timely advice to support you in your day-to-day GST tasks as well as taking a pro-active approach in managing your GST risks.

Our services include:

Dealing with Customs (“RMCD”) – registration and de-registration, application for specific schemes, managing RMCD investigations/audits, managing and responding to RMCD queries etc.

GST advisory – advice on GST treatment for complex transactions or new business arrangements, review and advice on internal controls for GST reporting, review and advice on accounting system etc.

Compliance support – review and file GST returns, GST health check review, conduct GST training etc.