Malaysia Tax Filing Services

Malaysia Tax Filing Services

Malaysia Tax Filing Services is a service to process of preparing tax returns, often income tax returns, often for a company other than a person. Tax preparation may be done by the taxpayer with the help of a licensed professional such as licensed authorized company, certified public accountant or enrolled agent. Below refers to some common questions that are frequently asked:

 

1.Do I Need to File?

• You must file a federal income tax return if you have own private company (SDN BHD).

• The amount you owe varies depending on your filing status, age, the kind of income you have, and other factors.

• Answer some easy questions to see if you need to file.

 

2.How Do I File?

• Find a professional preparer.

• If you have employees, file employment taxes.

 

3.What If I File Late?

• Think your taxes won't be finished on time? File for an extension of time to file.

• Find out what can happen if you file late.

• Alternative payment plans are available.

TaxIn Malaysia, individuals and businesses can use e-Filing to carry out their annual tax assessment. Known in short as e-Filing, the Malaysian IRB (Inland Revenue Board) operates its online system through its e.hasil.gov.my website. Before preparing tax return, it is a must to do accounting, in term of means to accumulate and report on financial information about the performance, financial position, and cash flows of a business. After that, IRB rely on audited financial statements to determine the accuracy of tax returns filed by the companies.

 

On the other hand, for income earners with business income would need to submit their forms latest by the 30th of June each year. The same procedure will be applicable for both these income earner. However, business income earners might have to pay a lump sum to income tax as they might not have adopted the PCB method.

 

There are several types of forms that you will be needed to submit. The BE form is for individuals who do not have any business sources. This is the most common form that is used by those who earn a monthly salary. The B Form is for individuals who own a business. The M form is for non-residents who are working with a monthly salary. This refers to individuals who are not citizens while he MT form is for those who own a business in Malaysia. The P Form meanwhile is meant for those who are in a partnership business.

 

Our Malaysia Tax Filing Services included:

1. Personal tax planning in Malaysia and submission of personal & business income tax

2. Malaysia Enterprises tax planning, preparation and submission of company tax returns

3. Multilateral trade tax planning

4. Accounting, auditing and tax preparation

5. Minimization of tax liabilities

 

Contact Us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP: http://www.tannet-group.net , http://en.tannet.com.my

Malaysia SOCSO (Social Security Organization)

Malaysia SOCSO (Social Security Organization)

Malaysia SOCSO (Social Security Organization), also known as PERKESO (Pertubuhan Keselamatan Sosial), was established in 1971 under the Ministry of Human Resources (formerly known as Ministry of Labour) to provide social security protections to all employees/workers in Malaysia. PERKESO is an organization to provide insurance coverage against job-related injuries and disabilities, workplace accidents, occupational diseases and death. SOCSO receives monthly contributions from employers and employees, using this to build up a fund which will pay out social security benefits when such accidents or illnesses occur.

perkesoWhat are Employers / Employees responsibilities?

An employer must register any employees employed under a contract of service or apprenticeship and earning monthly wages of RM3,000 and below. For employees earning RM3,000 and above, registration is optional and must be agreed upon by both employer and employee (except if said employee has registered with SOCSO in their previous employment, under the 'Once In Always In' policy, in which case contribution is mandatory) Employers and registered employees have to contribute a percentage of wages to SOCSO regardless of the employment status whether it is permanent, temporary or casual in nature.

 

What kind of Coverage do Employees get?

SOCSO provides protection to eligible employees through two schemes:

1.Invalidity Pension Scheme

This scheme provides protection to employees who suffer any invalidity due to causes not connected to their employment, permanent or not or is unlikely to recover, which results in an employee being incapable of earning at least one-third of a employee at normal capacity. The benefits available under this scheme are invalidity pension, daily care allowance, funeral benefits, rehabilitation benefits, education benefits, and invalidity help.

2.Employment Injury Insurance Scheme

This scheme provides protection to employees who suffer from an an accident or an occupational disease arising out of, and in the course of, his employment. It covers accidents while at work, accidents while travelling, accidents during emergency and diseases caused by nature of work (eg. loss of hearing due to prolonged noise exposure). The organization will provide medical benefits, temporary disablement benefit, permanent disablement benefits, daily care allowance, rehabilitation benefits, family liability benefits, funeral benefits and education benefits.

 

What Types of Income are Included for SOCSO Deductions?

All remuneration payable in money to an employee is taken into account as wages for the purposes of SOCSO contributions. These include the following payments:

1.Basic Salary

2.Overtime payments

3.Commission

4.Payments for leave such as annual, sick and maternity leave, rest day, public holidays

5.Allowances such as performance incentives, good behavior, cost of living (COLA)

6.Service Charges

 

Payments not liable for SOCSO deductions:

1.Payments by employer to any pension or provident fund for employees

2.Mileage claims

3.Gratuity payment(s) for dismissal or retrenchment

4.Annual bonus

 

Types of Contribution

1.First Category (Employment Injury Scheme And Invalidity Pension Scheme)

For employees below 55 years of age. The contribution is paid by both the employer and employee for Employment Injury Scheme and Invalidity Pension Scheme.

2.Second Category (Employment Injury Scheme Only)

For registered employees above 55 years of age and still working, newly registered employees above 50 years of age, and for a previously Insured Person receiving Invalidity Pension who is still working and receiving wages which is less than 1/3 of the average monthly wage before invalidity. Under this category contributions are only paid by the employer for protection under the Employment Injury Scheme.

 

Rate of Contribution

For the Employment Injury Insurance Scheme and the Invalidity Pension Scheme, the employer pays 1.75% of remuneration up to a maximum of RM51.65 a month, while the employee pays 0.5% of remuneration up to a maximum of RM14.75 a month. This maximum is hit when wages exceeds RM2,900.

 

For the Invalidity Pension Scheme only, the employer pays 1.25% of remuneration up to a maximum of RM36.90 a month, with no deduction from the employee. For ease of calculation, the exact contribution is slightly different from the intended 2.25% and 1.25% above, whereby contributions are determined in a tabular form depending on the level of wages. A full table can be seen here.

 

Contact Us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP: http://www.tannet-group.net , http://en.tannet.com.my

German Trademark Registration

German Trademark Registration

German trade mark registration are required register IP protection at German Patent and Trade Mark Office (DPMA). German Patent and Trade Mark Office (DPMA) is the government body responsible for registering IP protection.

 

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German Trade Mark Search

German trade mark search is important. A German trademark must not be identical or similar to a registered or used trademark for the claimed goods and services. Accordingly, prior to filing a trademark application a search for identical or similar marks should be carried out, since already the trademark application can be interpreted as an intention to use such mark and can give rise to a costly cease-and-desist warning letter.

 

During the German trade mark application, German Patent and Trade Mark Office (DPMA) does not check if there is another trade mark that is identical or similar to your sign. For this reason you should check, before filing a trade mark application, whether the trade mark selected does not infringe third party rights.

 

German Trade mark Application

A German trade mark application can be filed with the German Patent and Trademark Office (GPTO). Within 6 months a priority of a first filing can be claimed when filing the German trade mark application. For a German trade mark application an exposition priority can be claimed if the trademark was presented for the claimed goods and services within the last 6 month on a trade fair which was admitted by the German Ministry of Justice in the Federal Law Gazette for providing an exhibition priority.

 

German Trade Mark Opposition

Within three month following the publication, a German trade mark opposition against registering a trademark can be filed. Against registering a German trademark opposition can be based essentially on a filed or registered German trademark, a Community trademark or a non-registered trademark that is used in the course of trade and obtained more than mere local significance.

 

The opposition proceeding is carried out by the respective Office (GPTO) and is compared to an action at a Civil Court relatively cost efficient. Opposition decisions can be appealed at the Federal Patent Court or at the Boards of Appeal of the GTPO.

 

German Trade mark protection

Trade mark protection becomes effective upon the registration of a sign in the register. The term of protection starts on the application date and lasts 10 years. It can be renewed by further 10-year periods but a request for renewal must be filed within six months before the current term expires.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP: http://www.tannet-group.nethttp://en.tannet.com.my

 

Italy Trademark Registration

Italy Trademark Registration

Italy trademark registration are required register IP protection at Italian Patent and Trademark Office (IPTO). Italian Patent and Trademark Office (IPTO) is the government body responsible for registering IP protection.

 

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Registrable Italy Trademarks

All signs (word, device or shape) capable of being graphically represented and fulfilling the requirements of novelty, distinctiveness and lawfulness are registrable Italy trademarks. Graphically represented sounds, color combinations or a particular shade of color are also registrable.

 

Italy Trademark Classification

The international classification of goods and services (the International Nice Agreement) applies. Applications may include more than one class of goods and/or services.

 

The procedure of Italy Trademark Registration

Once the Italy trademark application for registration has been filed, an application number and an Italy trademark application date are obtained, and from that date the examination of the file starts, which is articulated in different phases.

 

A first formal and technical exam is conducted by the UIBM, which checks that the application meets the formal requirements (articles 148 and 156 CPI) and the absence of the so-called absolute impediments to the registration. For example, a mark that is contrary to good behavior can be refused directly by the office, as well as an offensive mark.

 

Instead, if the mark overcomes this exam done by the office, then it is published in the Italy Official Trademark Gazette, which is public. From that moment anyone who considers himself damaged by the trademark application since he thinks that that trademark is similar to his own pre-existing trademark or because as such it violates his rights can file Opposition to the registration with the UIBM within 3 months as from publication date.

 

If opposition is filed, ad administrative procedure starts in the course of which the person who has applied for the trademark will be able to defend himself in front of who filed opposition against the trademark registration and at the end of this procedure a decision will be issued that will be for the grant or the refusal of the trademark.

 

Instead, if no one files opposition the trademark is granted. To the trademark a grant number and date will be assigned and the holder will be able to obtain the relative certificate of registration.

 

Italy Trademark Duration and Renewals

Once the Italy trademark registration is complete, the trademark protection is valid for 10 years running from the filing date. An indefinite number of renewals is possible for subsequent 10-year periods.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Myanmar Trademark Registration

Myanmar Trademark Registration

Myanmar Trademark Registration is giving protection by Common law. Myanmar trademark is actually a registration system, rather than the exclusive right by any government departments authorized. In 2007, Myanmar has joined in World Intellectual Property Organization WIPO.

 

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Myanmar Trademark Search

During the Myanmar trademark examination procedure, there is no interiorities research is done. As the application of a trademark in Myanmar is considered as an act of infringement, therefore it is important to conduct a trademark search before filing.

 

If the Myanmar trademark examination is not passed, the trademark will be rejected, it will be time consuming and costly on the Trademark Opposition/ Trademark Appeal.

 

To avoid your Myanmar trademark in the course of the trademark application was rejected and costly. We will recommend prior trademark search although it is cannot be guarantee that the search result is same as the result from Myanmar Trademark Office.

 

Myanmar Trademark Registration Required Documents

Myanmar Trademark Registration can be apply an japan trademark name individual or company)

 

– Register by Individual

1) Name and address of Applicant

2) Passport photocopy of applicant

3) Mark (wordmark, device mark, 3D mark)

4) List of Goods and/or Services, and Classification

 

Register by Company

1) Name of the director and address of Company

2) Passport photocopy of Director

3) Photo copy Of Company Incorporation Certificate

4) Mark (wordmark, device mark, 3D mark)

5) List of Goods and/or Services, and Classification from International Nice Classification

 

Myanmar Trademark Renewal

The Myanmar trademark is registered for 3 years, from the filing date. Its term can be renewed for subsequent three year periods, but a request for renewal must be filed within six months before the current term expires.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my