In the intricate tax landscape of Malaysia in 2024, ensuring compliance and maximizing tax efficiency are paramount for businesses. Our latest compilation unveils the elite ten tax firms, meticulously selected for their expertise in delivering comprehensive tax consulting services and tax and accounting services tailored to meet the diverse needs of businesses across various industries. Explore other firms such as the best audit firms in Malaysia.
These firms serve as trusted advisors, offering a wide range of tax services including tax planning, compliance, and advisory services. Whether you're a small enterprise, multinational corporation, or individual taxpayer, each firm brings a wealth of experience and professionalism to the table. Dive into our comprehensive guide to discover the industry leaders poised to provide invaluable tax insights and support your business in navigating Malaysia's tax regulations, making them the go-to tax consultant Malaysia and tax agent Malaysia.
10 Best Tax Firms in Malaysia (2024)
1. 3E Accounting
3E Accounting, esteemed as a top tax firm in Malaysia, delivers a comprehensive service package in Kuala Lumpur. This includes the preparation and submission of annual returns to SSM, along with expert counsel on statutory, compliance, accounting, tax, and GST matters, alongside incorporation services. Prioritizing business advisory services, 3E Accounting assures compliance with statutory requirements and streamlined administration to bolster the governance framework of companies in Malaysia.
| Key Services | - Company Secretary Services - Strike Off Company - Business Credit Report Searches - Malaysia Company Super Form - Malaysia SSM Company Profile - Accounting - Taxation - Human Resource - Business Setup - Business Advisory |
| Top Clients | - |
| Contact | 603 27338633 |
| info@3ecpa.com.my | |
| Address | Menara Centara, #20-01/02/03, No. 360, Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur, Malaysia |
| Website | https://www.3ecpa.com.my/ |
2. PricewaterhouseCoopers Malaysia
PwC, or PricewaterhouseCoopers, stands as a global leader in accountancy and audit services, and is distinguished as one of the big 4 accounting firms Malaysia and big 4 audit firms in Malaysia. Operating in over 771 cities across 158 countries, including Malaysia, PwC's qualified auditors and accountants are dedicated to delivering high-quality services, making it a top choice for Malaysian businesses seeking expertise from a big 4 company in Malaysia.
| Key Services | - Audit and assurance - Tax - Consulting - Strategy Consulting - Data & Analytics - Management Consulting - Advisory - Actuarial - Legal Services |
| Contact | 603-2173 1188 |
| my_info@pwc.com | |
| Address | Level 10, Menara TH 1 Sentral, Jalan Rakyat Kuala Lumpur Sentral, P O Box 10192 50706 Kuala Lumpur, Malaysia. |
| Website | https://www.pwc.com/my/en.html |
3. KPMG Malaysia
KPMG, founded in 1928, holds a significant position as one of Malaysia's oldest and largest audit firms and a leading accounting company in Malaysia. Operating under the name KPMG DesaMegat & Co in Malaysia, the firm is recognized for its extensive experience and reliability in accounting services, making it a trusted audit firm in Malaysia and one of the top 10 audit firms in Malaysia.
| Key Services | - Audit - Actuarial - Tax - Accounting - Consulting services - Advisory services - Other financial services |
| Contact | 603-7721 3388 |
| info@kpmg.com.my | |
| Address | Level 10, KPMG Tower, 8, First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor. |
| Website | https://kpmg.com/my/en/home.html |
4. Venture Haven
Leveraging over 8 years of experience in financial accounting and advisory services, Venture Haven offers a wide array of solutions tailored to taxation needs. This includes company registration, regulatory compliance, and statutory bookkeeping, alongside bookkeeping services and accounting tax services. With a steadfast dedication to business advisory, Venture Haven ensures personalized solutions to address the ever-changing requirements of their clientele in the tax domain.
| Key Services | - Incorporation - Secretary - Bookkeeping - Accounting |
| Contact | 603-2732 7628 |
| contactus@venturehaven.com.my | |
| Address | D-11-05, Menara Suezcap 1, KL Gateway, Gerbang Kerinchi Lestari, No 2, Jalan Kerinchi, 59200 Kuala Lumpur. |
| Website | https://www.venturehaven.com.my/home3 |
5. Ernst & Young Malaysia
EY, short for Ernst & Young, is a prominent audit and accounting firm in Malaysia, renowned as part of the big 4 accounting firms Malaysia and big 4 audit firms in Malaysia. Its dominance in serving a majority of listed companies in Malaysia has established a substantial customer base, making it a preferred choice for businesses across Malaysia seeking services from a big 4 company.
| Key Services | - Assurance services - Financial advisory - Consulting - Digital strategy - Legal services - Tax advisory |
| Contact | 05-2102168 |
| - | |
| Address | Level 23A Menara Milenium, Wilayah Persekutuan, Malaysia, Jalan Damanlela, Damansara Town Centre, 50490 Kuala Lumpur, Federal Territory of Kuala Lumpur |
| Website | https://www.ey.com/en_my |
6. WeCorporate
WeCorporate, renowned for its corporate tax services, has aided over 500 clients in Malaysia with tax compliance and advisory, as well as transaction services. Their expertise as corporate tax accountants has enabled clients to minimize tax obligations through strategic planning and negotiations with LHDN, resulting in reduced tax payments and penalties. With a commitment to delivering value-added solutions, WeCorporate continues to support clients in navigating complex tax landscapes and achieving financial efficiency, positioning itself as a leading tax consultant in Malaysia offering comprehensive tax consulting services.
| Key Services | - Personal tax - Corporate tax - Digital tax - Structuring of acquisitions and disposals - Stamp duties - SST - Capital gains tax |
| Contact | 6018-3687 911 |
| enquiry@wecorporate.com.my | |
| Address | C-07-08, The Hub SS2, Jalan Harapan, Seksyen 19, 46300 Petaling Jaya |
| Website | https://wecorporate.com.my/ |
7. KJ Tax Consultants
KJ Tax Consultants, known for their innovative approach as tax accountants, represents the new wave of the taxation industry. Established in early 2014, they quickly earned recognition as 'The Fastest Growing Firm' within six months of operation. Despite their fresh approach, the team comprises seasoned and passionate professionals dedicated to delivering high-quality tax-saving and consultancy services, making them a sought-after tax consultant near me for tax and accounting services.
| Key Services | - Personal Income Tax Submission - Company Tax Submission - Expatriate Income Tax Submission |
| Contact | 016-232 2098 |
| - | |
| Address | 0189, Jalan J 3, Taman Melawati, 53100 Kuala Lumpur, Selangor |
| Website | http://kjtaxconsultants.com/ |
8. Klozer Consultancy Services
Klozer ensures that every client receives a high level of service deeply rooted in integrity, attentive listening, and respect. The firm believes in the importance of client perspectives and points of view in achieving the best outcomes. Klozer's ability to be flexible and nimble makes it a good fit with many companies.
| Key Services | - Business Formation In Malaysia - Accounting & Bookkeeping - Human Resource - Taxation - Labuan Trust Malaysia |
| Contact | 03-7887 6071 |
| wincentlow@klozer.com.my | |
| Address | Klozer Group Of Companies, Jalan SS 25/23, Taman Mayang, Petaling Jaya, Selangor, Malaysia |
| Website | https://klozer.com.my/ |
9. Boardroom Limited
Boardroom Limited delivers a comprehensive suite of services including accounting, corporate secretarial, director's training, payroll, internal audit and risk management, share registration, IPO, and taxation services to a client base exceeding 3,000 in Malaysia. As a leading audit firm and corporate tax accountant, Boardroom focuses on excellence, catering to diverse client needs, ensuring adherence to regulatory standards, and facilitating business growth and compliance. Their comprehensive suite of services supports clients across various industries in achieving their financial and operational objectives, making them one of the top accounting and audit firms in Malaysia known for their exceptional payroll services and statutory audits.
| Key Services | - Sales and Service Tax (SST) Returns - Corporate Tax - Indirect Tax - Digital Tax - Partnership Tax Returns - Tax audit - Desk audit - Field audit - Tax investigation services |
| Contact | 60-3-7890 4800 |
| info.my@boardroomlimited.com | |
| Address | 12th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim,Seksyen 13, 46200 Petaling Jaya, Selangor, Malaysia |
| Website | https://www.boardroomlimited.com/my/ |
10. BDO Malaysia
As a tax firm, BDO excels in assisting with the establishment of private limited companies and foreign entities. Their services include maintaining statutory registers and company books, ensuring punctual filing of periodic returns and mandatory submissions, and documenting decisions and resolutions by directors and shareholders on statutory matters. Leveraging BDO's expertise, clients receive efficient and reliable support for all their tax-related needs, ensuring compliance and smooth operations.
| Key Services | - Accounting and Compliance Services - Payroll and Treasury Services - Company Secretarial and Immigration Services |
| Contact | 603 2616 2888 |
| contactus@bdo.my | |
| Address | 51-21-F, Menara Bhl, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang |
| Website | https://www.bdo.my/en-gb/home |
Conclusion
In 2024, Malaysia is home to a selection of top-tier tax and accounting firms, renowned for their expertise and excellence in tax-related services. These firms are instrumental in assisting businesses and individuals navigate the complexities of taxation, providing strategic advice, compliance services, and tax planning solutions. With their deep understanding of local tax laws and international regulations, they offer invaluable support in optimizing tax positions and ensuring compliance. As businesses seek reliable partners to address their tax needs, exploring reputable firms like the top 10 accounting firms in Malaysia is essential. These firms offer a wide range of financial services, including accounting, auditing, and advisory, complementing the expertise of tax firms and providing holistic support to clients. By partnering with both tax and accounting firms, businesses can access comprehensive solutions to achieve their financial objectives and thrive in the dynamic Malaysian market, making it crucial to consider the top accounting and audit firms in Malaysia.
Frequently Asked Questions
1. What Services Do Tax Firms in Malaysia Offer?
Tax firms in Malaysia, staffed by skilled tax accountants and corporate tax accountants, offer a wide range of services aimed at assisting individuals and businesses in navigating the complexities of taxation. These services include tax planning, compliance, and advisory, where firms help clients optimize their tax positions while ensuring adherence to legal requirements. Additionally, tax firms provide assistance with tax preparation and filing, ensuring accurate and timely submissions to the relevant authorities. They may also offer representation and support during tax audits and investigations, helping clients navigate these processes effectively. Furthermore, tax firms may provide specialized services such as international tax planning for businesses with overseas operations and estate planning for individuals, showcasing their expertise in taxation consulting services, tax preparation services, and comprehensive tax and accounting services.
2. What is The Importance Of Tax Firms in Malaysia?
Tax firms play a crucial role in Malaysia's financial landscape by offering specialized expertise and services related to taxation. Their importance lies in several key areas, making them indispensable as both tax consultants in Malaysia and tax agents Malaysia rely on for navigating the country's complex tax environment.
A. Compliance:
Tax firms help individuals and businesses comply with Malaysia's complex tax laws and regulations, ensuring accurate and timely tax filings to avoid penalties and legal issues. Their expertise in corporate tax compliance is invaluable in navigating these challenges, offering essential tax consulting services to those in need.
B. Tax Planning:
These firms, often led by expert corporate tax accountants, provide strategic tax planning and tax and accounting services to minimize tax liabilities and optimize financial positions for their clients in Malaysia. This approach helps in maximizing tax savings while ensuring full compliance with the prevailing tax regulations, making them a go-to tax consultant in Malaysia.
C. Advisory:
Tax firms, staffed by knowledgeable tax accountants, offer personalized advice and guidance on a variety of tax matters, including being a reliable tax consultant near you. This includes structuring business transactions, resolving tax disputes, and adeptly navigating through the ever-changing tax laws, all part of their comprehensive tax and accounting services.
D. Representation:
In the event of tax audits or investigations, tax firms stand as a robust shield representing their clients' interests. With the support of audit firms in Malaysia, they provide comprehensive assistance throughout the process, including forensic audits, helping to address issues and mitigate risks effectively.
E. Specialized Services:
Many tax firms extend their expertise to specialized services such as international tax planning, transfer pricing, and estate planning. These services are tailored to meet the diverse needs of clients with complex financial landscapes.
Overall, tax firms play a pivotal role in ensuring tax compliance, optimizing tax efficiency, and delivering invaluable guidance to individuals and businesses in Malaysia. As leading tax consultants and tax agents in Malaysia, their contributions are instrumental in steering their clients towards financial success and stability.
3. What is The Average Cost Of Hiring a Tax Firm in Malaysia?
The average cost of hiring a tax firm in Malaysia varies, influenced by factors such as the complexity of the services required, the firm's size, and the scope of engagement. Charges may be based on hourly rates, project fees, or retainer agreements. For basic tax preparation and filing, costs might range from RM 500 to RM 2,000 annually. More complex services like tax planning, advisory, or representation, part of tax preparation and tax consulting services, could escalate costs to between RM 2,000 and RM 10,000 or more, contingent on the specific needs and expertise required. It's prudent to discuss pricing and obtain quotes from various firms to ensure transparency and value for money.
4. What Are Some Key Considerations Before Hiring A Tax Firm in Malaysia?
Before hiring a tax firm in Malaysia, there are several key considerations to keep in mind:
A. Expertise and Specialization:
Evaluate the firm's expertise and specialization in relevant areas of taxation, such as corporate tax, personal tax, international tax, or GST/VAT, to ensure they can address your specific needs.
B. Reputation and Track Record:
Research the firm's reputation, client testimonials, and track record in delivering high-quality tax services and achieving favorable outcomes for clients. This is particularly important when looking at accounting firms in Malaysia.
C. Qualifications and Credentials:
Verify the qualifications and credentials of the firm's tax professionals, such as Certified Public Accountants (CPAs), Chartered Tax Advisers (CTAs), or members of professional tax associations, ensuring they are professional accountants.
D. Range of Services:
Assess the firm's range of services and capabilities, including tax planning, compliance, advisory, representation, and any specialized services relevant to your situation. This comprehensive evaluation ensures you're leveraging every opportunity for financial optimization and compliance. With top-notch tax consulting services and accounting tax services, you're set to navigate the complexities of finance with ease.
E. Communication and Accessibility:
Consider the firm's communication style, responsiveness, and accessibility, as clear communication and prompt assistance are essential for a successful client-firm relationship. A firm that values transparency and timely updates can significantly enhance your experience and outcomes.
F. Cost and Fees:
Understand the firm's fee structure, including hourly rates, project fees, or retainer agreements, and ensure it aligns with your budget and expectations. Transparent and fair pricing is key to establishing trust and ensuring that there are no surprises down the line.
G. Compatibility and Trust:
Schedule initial consultations with potential firms to assess compatibility, trustworthiness, and rapport, as a strong client-firm relationship is crucial for effective collaboration. This step is vital in finding a tax consultant near you who not only understands your financial landscape but also aligns with your values and goals.
By considering these factors thoughtfully, you can make an informed decision and choose the right tax firm to meet your specific needs and objectives. This careful selection process will pave the way for a fruitful and supportive partnership, especially if you're looking for a tax consultant in Malaysia or a tax agent in Malaysia.
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