Effective Tax Management allows your business to remain compliant and organised 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.
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.
PLC works with you to stay informed and disciplined in all business tax activities.
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?
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.
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.
We can conduct expert analysis of the industry and economic environment to advise the best course of action, ensuring your confidence.
Tax accounting and risk advisory
Today's business and tax environment is increasingly complex, there are more and more demands for transparency.
The scope and nature of PLC services may differ depending on whether you are an audit or non-audit client. What's consistent is the high-quality service our professionals provide to address your unique needs, throughout the entire tax life cycle of planning, provision, compliance and working with the tax authorities.
Our talented people, consistent methodologies and tools and commitment to quality service will help you build strong compliance and reporting foundations.
Audit and Accounting Related Tax Services
In the face of challenging legislation, regulation changes to accounting standards and increased scrutiny from tax authorities, tax reporting systems need to be timely, flexible and able to work seamlessly with other reporting processes.
Our services help enable you to respond to the demands of this dynamic environment and deliver accurate and efficient tax reporting.
We have technical specialists with practical experience in most areas of tax accounting, combining with technology specialists where appropriate, to provide complete process reviews and implementation. There were significant areas of judgement within these work streams which have a material impact on the financial statements.
Tax Management Consulting
Managing tax is a complex task. Tax functions need to adapt to a changing world with mounting regulatory and cost pressures. They must get to grips with how to manage communication with the wide range of stakeholders that are now interested in tax.
Knowing how to address these challenges can be a daunting task. In the demand for efficiency and cost saving, companies are continuing to review and transform their finance functions. Tax functions must keep up with these changes.
GST and other Customs taxes
PLC provides assistance in identifying risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle, helping you meet your compliance obligations.
Our regional tax teams will give you the perspective and support you need to manage indirect taxes effectively. We provide you with effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and ensuring indirect taxes are handled correctly.
We can support full or partial GST compliance outsourcing, identify the right partial exemption method and review accounting systems.
Many countries have increased their reliance on indirect taxes as a source of revenue. These taxes which can include GST or VAT, customs and excise duties, insurance premium taxes and environmental taxes that affect businesses greatly.
Unfortunately, they are often misunderstood. Legislation and case law, for example, have become more complex, making it harder for businesses to comply with their indirect tax obligations, both in the local and overseas.
Business processes are also becoming more automated, with technology playing a much greater role in the management of indirect taxes. Getting these processes right is an important step, but finding the technologies to best fit your business requirements can be a challenge.
We’ll help you meet your GST compliance and administrative obligations while improving your business cash flow.