Taxguards Advisory Sdn. Bhd.

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Taxguards Advisory Sdn. Bhd. Member of CAS International

🚨 NEW COMPANY? DID YOU KNOW YOU MAY BE EXEMPT FROM FILING CP204? Newly incorporated companies may qualify for CP204 exem...
19/09/2026

🚨 NEW COMPANY?

DID YOU KNOW YOU MAY BE EXEMPT FROM FILING CP204?

Newly incorporated companies may qualify for CP204 exemption for the first 2 Years of Assessment (YAs), subject to the applicable conditions.

Generally, the company must:

✅ Be newly incorporated in Malaysia
✅ Be resident in Malaysia
✅ Have paid-up capital not exceeding RM2.5 million

⚠️ IMPORTANT: FOREIGN OWNERSHIP

If more than 20% of the ordinary share capital is directly or indirectly owned by a foreign-incorporated company or a non-Malaysian citizen, the CP204 exemption does not apply.

📌 Reference: IRBM Public Ruling No. 4/2025

📩 For further assistance, contact us at:
[email protected]

16/09/2026

Happy Malaysia Day 2026!

In celebration of Hari Malaysia, please be informed that our office will be closed on Wednesday, 16 September 2026.

Business operations will resume as usual on Thursday, 17 September 2026.

Thank you for your continued support and understanding. We truly appreciate your trust and support!

⚠️ Malaysia SME Tax Rate: One Shareholding Rule Could Push You Back to 24% Your company may qualify for Malaysia’s prefe...
12/09/2026

⚠️ Malaysia SME Tax Rate: One Shareholding Rule Could Push You Back to 24%

Your company may qualify for Malaysia’s preferential SME tax rates if it meets the relevant conditions, including:

✅ Malaysian tax resident and incorporated in Malaysia
✅ Paid-up ordinary share capital ≤ RM2.5 million
✅ Gross business income ≤ RM50 million
✅ Meets the relevant related-company ownership requirements
✅ Foreign ownership does not exceed 20%

From YA 2024, more than 20% foreign ownership by a foreign-incorporated company or non-Malaysian citizen may result in the company losing its preferential SME tax rate.

For qualifying companies:

💰 First RM150,000 — 15%
💰 RM150,001 to RM600,000 — 17%
💰 Above RM600,000 — 24%

📌 Shareholding structure matters — not just capital and turnover.

Based on IRBM Public Ruling No. 8/2025 – Tax Treatment for Micro, Small and Medium Companies.

📩 For further assistance, contact us at
[email protected]

🎓 QIU Industry Day 2026 We’re excited to be part of QIU Industry Day 2026! 📣 Today is our LAST DAY at QIU!Don’t forget ...
09/09/2026

🎓 QIU Industry Day 2026

We’re excited to be part of QIU Industry Day 2026!

📣 Today is our LAST DAY at QIU!
Don’t forget to drop by our Taxguards Career Booth!

📍 Quest International University (QIU), Ipoh
🕘 9:00 AM – 5:00 PM
📅 9 September 2026

Come and meet us, discover exciting career opportunities, and learn more about how you can kick-start your professional journey with Taxguards Advisory!

📞 +6011-3650 2729
📧 [email protected]

See you at our booth! 🤝✨

✨ QIU Industry Day 2026 ✨We’re excited to be part of QIU Industry Day 2026! 🎓💼It was great meeting so many enthusiastic ...
08/09/2026

✨ QIU Industry Day 2026 ✨

We’re excited to be part of QIU Industry Day 2026! 🎓💼

It was great meeting so many enthusiastic students today and sharing insights about stepping into the working world.

We’ll be back again tomorrow (9/9/2026) at Quest International University, Ipoh from 9am to 5pm, to meet more aspiring talents and share more about career opportunities and starting your professional journey. 🌟

Come visit us and let’s connect!

📞 +6011-3650 2729
✉️ [email protected]

#2026

E-INVOICE UPDATE! 📢 The government has agreed to raise the e-Invoice exemption threshold from RM1 million to RM3 million...
05/09/2026

E-INVOICE UPDATE! 📢

The government has agreed to raise the e-Invoice exemption threshold from RM1 million to RM3 million. Effective from 1 September 2026.

Businesses with an annual turnover or revenue below the revised threshold may benefit from reduced e-Invoice compliance requirements. This update aims to ease the compliance burden on smaller businesses

📩 Need help understanding how the latest e-Invoice update affects your business?
Contact us now:

📧 [email protected]

31/08/2026

Dear Valued Clients,

In conjunction with Merdeka Day, please be informed that our office will be closed on Monday, 31 August 2026, and business will continue as usual on Tuesday, 1 September 2026.

On behalf of our entire team, we wish everyone a joyful and meaningful Merdeka celebration! Let’s cherish this special day of unity, freedom, and pride as Malaysians.

Thank you for your kind understanding and continuous support.

📢 All Malaysian employees, The deadline for the SOCSO Non-Employment Injury (NEI) Scheme is just around the corner, 31st...
29/08/2026

📢 All Malaysian employees,

The deadline for the SOCSO Non-Employment Injury (NEI) Scheme is just around the corner, 31st August 2026.

Don’t forget to complete your declaration before the deadline.

Opt-in or Opt-out?
Take a moment to check your participation and make sure your choice is submitted on time.

Need assistance?
📩 [email protected]

📢 What Is CP500? Received a CP500 from LHDN? 😰 Don’t panic! 💡 CP500 is a tax instalment notice from LHDN requiring certa...
22/08/2026

📢 What Is CP500?

Received a CP500 from LHDN? 😰 Don’t panic!

💡 CP500 is a tax instalment notice from LHDN requiring certain individuals to pay their estimated income tax in instalments throughout the year.

👤 It commonly applies to individuals with:
Business / self-employment income
Rental income
Other income not fully subject to PCB/MTD
📅 Your CP500 notice will show the instalment amount and payment due dates.

⚠️ Important: CP500 Penalty Waiver for 2026
The 10% late payment penalty on CP500 instalments is waived for the year 2026. This means no 10% penalty will be imposed on late CP500 instalment payments for 2026.

💡 If your income has changed, review your CP500 instalments to avoid unexpected tax issues.

📩 Not sure what your CP500 means? Contact us at:
[email protected]

💡 Did You Know? Paying an overseas company? Withholding Tax (WHT) may apply. For certain payments made to a non-resident...
15/08/2026

💡 Did You Know?

Paying an overseas company? Withholding Tax (WHT) may apply.

For certain payments made to a non-resident company, 10% WHT may apply on the gross payment.

📌 Key points to remember:
• WHT is generally required to be paid to the IRB within 1 month from the date of payment.
• Non-compliance may result in a 10% penalty.
• The related expense may be disallowed as a tax deduction if the WHT requirements are not complied with.
• If the WHT is not withheld from the overseas company, the Malaysian company may have to bear the WHT cost.

Stay informed and ensure your overseas payments are properly reviewed for WHT requirements.

📩 Need help with Withholding Tax? Contact us at:
[email protected]

Address

No 19A, Jalan Medan Ipoh 10, Bandar Baru Medan
Ipoh
31400

Opening Hours

Monday 08:30 - 17:30
Tuesday 08:30 - 17:30
Wednesday 08:30 - 17:30
Thursday 08:30 - 17:30
Friday 08:30 - 17:30

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