Foreign and local companies should appoint a tax representative in Malaysia before starting their activities. The respective specialist can take care of registration for VAT payment, plus other responsibilities. In the lines below you can find out what a fiscal representative is and how it can be useful to you, specifying that you can opt for the services of our local agents when you want to open a company in Malaysia.
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If you want to set up a company in Malaysia, you should consider all the required formalities. Although not mandatory, a tax representative in Malaysia is recommended. He or she has various responsibilities, including the registration of the company for the payment of VAT in Malaysia, also known as Sales and Service Tax (SST). Here are some of the responsibilities of a fiscal representative in Malaysia:
These are some of the tasks that come to the attention of a fiscal representative in Malaysia. If you want to set up a business in Malaysia and you need such a specialist, do not hesitate to contact us.
Companies with annual turnover exceeding RM 500,000 must be registered for VAT payment. A tax representative in Malaysia who knows the legislation and formalities in this regard can help you here. Here is some information about VAT in Malaysia:
Yes, some certain services and products are not subject to VAT. For example, this tax is not imposed for the sale and rental of real estate properties, public transport, land for agricultural purposes, or specific financial services. Also, VAT is not paid for certain categories of jewelry, natural mineral substances, magazines, books, periodicals, etc. We advise you to contact our specialists and learn more about VAT if interested in company formation in Malaysia.
In addition to the services of our fiscal representative in Malaysia, you can also opt for others. For example, if you want to start a business in Malaysia, we advise you to contact us for assistance. You can also request the services of our accountants in Malaysia. Our CPA in Malaysia will be at your disposal with full services. Contact us to learn more about company incorporation in Malaysia.