SocialTax Relief

Tax Relief for Sdn Bhd Secretary Fee & Tax Agent Fee

๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐’๐๐ง ๐๐ก๐ ๐’๐ž๐œ๐ซ๐ž๐ญ๐š๐ซ๐ฒ ๐…๐ž๐ž & ๐“๐š๐ฑ ๐€๐ ๐ž๐ง๐ญ ๐…๐ž๐ž ๐š๐ซ๐ž ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐›๐ฅ๐ž?

Before YA 2020:

  • Maximum secretary fee deductible amount: RM 5,000
  • Maximum tax agent fee deductible amount: RM 10,000

 

Starting from YA 2020:
Maximum secretary fee + tax agent fee deductible amount: Combined RM 15,000

Requirements:

1. Deductible Secretary Fee:

  • Monthly/Yearly secretary fee
  • Preparation of AGM
  • Preparation for resolution
  • Share allotment/transfer fee

*Services must be provided by Registered Secretary under Companies Act 2016

2. Deductible Tax Agent Fee:

  • Tax computation/submission fee (Form C)
  • Tax prepayment submission fee (CP204, CP204A & CP204B)
  • SST submission fee
  • Departure levy form submission fee
  • Tourism tax submission fee

*Services must be provided by Licensed Tax Agent

3. Any reimbursement for secretary and tax agent related fee are not deductible.
4. All secretary and tax agent related fee must be paid and incurred for the past or existing year end.

Example