Our comprehensive range of services give you the edge you need to stay ahead in the competitive world of business.
Auditing, consisting primarily of auditing and accounting services, is at the heart of our business. While the traditional audit approach focuses on numbers and accounting issues, we proactively create value by offering business solution. At the heart of our audit practice is our spirit of transparency, a culture of accountability and services delivered by people of integrity.
KTP & Company PLT provides assurance on the financial performance and operations of your business. We can also help your business improve its external financial reporting and adapt to new regulatory requirements, such as the Malaysian Financial Reporting Standards (MFRS) and Malaysian Private Entities Reporting Standard (MPERS). Our audit clients include many emerging Malaysian companies. Our audit approach can also be tailored to meet the needs of your organisation no matter big or small.
In every case, the audit is underpinned by our industry knowledge and skilled professionals. As a firm, we are helping clients respond to the need for greater transparency, improved corporate governance, and business models based on the principles of sustainability.
Statutory audit provides assurance on the reality and fairness of an organisation’s financial information; advice on controls and processing system weaknesses; confirmation of accounting treatments on complex transactions.
We also help in identifying internal control weaknesses and make recommendation for better control.
Due Diligence involve investigation work with a certain level of standard and due care toward a business or person prior to signing a contract. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.
Taxation systems and incentives in Malaysia are the most diverse in the world. The region has a broad range of rates of corporate and individual tax. Under today's self-assessment environment, tax affairs require even greater focus and accountability. Entrepreneurial are compelled to keep updating with latest tax information.
At KTP Tax Consultants Sdn Bhd, we are in a position to assist businesses, individuals and organisations optimise tax efficiencies and strategies, implement innovative tax planning and maintain compliance whilst delivering a broad range of tax advisory services. We not only provide compliance services, but also the solutions to businesses.
The Inland Revenue Board of Malaysia is one of the main revenue collecting agencies of the Ministry of Finance. Our main services are corporate and personal tax advisory. We also provide services in application of wide ranges of grants and incentives especially for SME.
In Malaysia, tax incentives no matter direct or indirect, are provided for in the Promotion of Investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. These Acts cover investments in the manufacturing, agriculture, tourism (including hotel) and approved services sectors as well as R&D, training and environmental protection activities. The direct tax incentives grant partial or total relief from income tax payment for a specified period, while indirect tax incentives were in the form of exemptions from import duty, sales tax and excise duty.
To provide greater financial accessibilities, the government through its agencies offers various grants and incentives to the SMEs. Partial grants are provided to finance product, process and quality improvements, market development, skills upgrading, factory audit and acquisition of strategic technology.
Tax audit is conducted by the Inland Revenue Board (IRB) and its’ may be done randomly, or may be undertaken because the tax authority believes that there is a problem with the taxpayer’s return. If an audit finds an error or a misstatement on the tax return, the 21 taxpayer may have to pay the additional taxes as well as penalties.
Tax Appeal to Special Commissioner
Content a person has the right to appeal to the Special Commissioners of Income Tax (SCIT) only if he is dissatisfied with an assessment that has been made or deemed to have been made by the Director General of Inland Revenue Malaysia (DGIRM).
A tax investigation is carried out by IRB officers paying a surprise visit, is an examination by the tax authorities of the taxpayers’ business, records and documents to verify and assess that the correct of taxable income has been reported and the correct amount of tax had been paid by the tax payers in accordance with tax laws and regulations.
Transfer pricing documentation is required by law. This documentation must substantiate how the intercompany business is set up and evidencing that the intercompany pricing applied would have been applied between third parties as well. Having adequate transfer pricing documentation available helps to prevent companies being confronted with a shift of the burden of proof with respect to transfer pricing adjustments imposed by tax authorities, as well as double taxation. Moreover, non-compliance with transfer pricing documentation requirements can lead to penalties.
The Goods and Services Tax (GST) is a consumption tax based on a value-added concept. It is a multi-stage tax and payment is made in stages by intermediaries in the production and distribution process.
Why choose us?
Two qualified approved GST Tax consultants in KTP
Full solutions provided
Committed to quality
Tailored to your needs
Professional & reliable
Your outsourced GST experts
How can we help you?
GST business impact studies
Review IT & accounting system compliance
Review specific business and industry issues
Assistance on transitional provisions and issues
Hand-holding through GST implementation
Review of contracts
GST training and development
SME grant for G$T software & hardware
GST return and documentation
Claiming input tax credit & GST refund
Post-implementation GST review and support
Accounting services such as preparation of profit and loss accounts and balance sheets, schedules of cash receipts and payments, and debtors on an ageing basis. We also provide payroll services for executives to ensure confidentiality.
We combine the right people, processes and technologies to help you gain maximum efficiency and achieve competitive advantage through outsourcing. We provide support to our clients on accounting functions, internal control and processes for substantial foreseeable benefits.
Our proven methodology captures new efficiencies that frees your resources and helps you focus your strategies to improve or transform your business.
Our principal services include the following:
Payroll for Executives
Human Resource Advisory
With the changing corporate environment as well as new developments in legislature, many companies face complex regulatory frameworks and procedural matters involved in the running of a company. We provide assistance and advice, and possess the necessary resources to monitor our client's compliance with statutory requirements. Our team of professionals has the experience and expertise to provide Corporate Secretarial services with discretion and integrity.
Our principal services include the following:
Incorporation of Companies;
Sale of Shelf Companies Proper maintenance of statutory records as required under the Companies Act, 2016;
Advise on preparation of Resolutions, notices, attendance and minutes of meetings of Directors and Shareholders, and compliance with various legal requirements;
Provision of Registered Office Address;
Provision of Named Company Secretary in compliance with Section 235 of the Companies Act, 2016;
Provision of Nominee Director who will cover the attendance of meetings and the execution of resolutions and other necessary documentation that are required to be filed with the Companies Commission of Malaysia;
Act as authorised representative of Foreign Companies;
Conduct company searches at the Companies Commission of Malaysia;
Individual Bankruptcy searches;
Registration of Representative Office and Regional Office with the Ministry of International Trade and Industry (MITI).
We will working closely with our clients to meet market objectives and supporting client service teams in meeting growth targets. Our primary responsibilities will involve working with our teams to build client relationships, identify opportunities and assist in client pitches.