Moderate tax rates and a host of tax incentives help attract investment into Malaysia. Companies engaged in promoted activities are entitled to tax incentives and allowances. Companies that establish regional headquarters in Malaysia may also receive preferential tax rates.
Transfer pricing activities are closely scrutinized by the tax authorities. In large transactions, stamp duties exposure is a big concern. Questions on applicable taxes on income or real property gains can also arise. Differences in the interpretation of tax laws intensify tax disputes. New legislation has changed the taxation of employee stock options, and a goods and services tax (GST) will soon replace the current sales tax and service tax.
At Wong & Partners, we help you address your tax issues up front through careful and sophisticated tax planning. With broad knowledge of tax law and practice, we can help you design and implement tax-efficient corporate structures and transactions, and defend your position should tax controversies arise. We can also help you negotiate tax incentives with the Malaysian Industrial Development Authority and other administrative offices.
As a member firm of Baker & McKenzie International, we have the resources and reach to help you carry out transfer pricing activities in more than 65 jurisdictions worldwide. We have strong GST practices in Singapore and Australia, from where Malaysia closely modelled its GST system. We also assist private clients on tax matters related to trust and wealth planning. No other law firm in Malaysia can provide the same range of tax services and deliver them seamlessly across borders.