Company Incorporation

1. OWN WEBSITE
STARTING TO POST YOUR
PRODUCT OR SERVICES ON
FACEBOOK/LINKEDIN
YOU EVEN CLOSE YOUR FIRST
SALE

2. WHAT IF YOUR
CUSTOMER REQUEST A
INVOICE FROM YOU?
WHO SHOULD YOU
ADDRESS THE INVOICE
FROM?
UNDER YOUR
PERSONAL NAME ?
WHAT IF YOUR
CUSTOMER REQUEST A
GST TAX INVOICE
FROM YOU SO THAT HE
CAN CLAIM BACK
“GST INPUT TAX”?

3. I THINK I
NEED TO
REGISTER A
COMPANY….

4. Business Registration
Act (BRA)
-Compulsory to register
Co under (BRA)when
running a business
Income tax PURPOSE
- To avoid penalty
- Penalty RM200 to
RM2000/6 months
imprisonment
OTHER REASON TO
REGISTER COMPANY?
For bank financing
e.g: car loan, housing
loan etc
GST purpose/MSC
Status

5. WHAT KIND OF
COMPANY TO
REGISTER??

6. •SOLE PROPRIETOR
•PARTNERSHIP 1
2 •SDN BHD
•LIMITED LIABILITIES
PARTNERSHIP
•OTHER 3

7. (1) SENDIRIAN BERHAD

8. MOST POPULAR
LIMITED LIABILITY
TAX RATE 20% FOR FIRST
RM500K CHARGEABLE
INCOME

9. 2)SOLE PROPRIETOR/
PARTNERSHIP

10. UNLIMTED LIABILITIES
LESSER SETTING UP COST
TAX RATE 19% FOR 1ST
CHAGEABLE INCOME RM
70K

11. (1) •REGITERED A COMPANY
(2)
•“ONLINE” YOUR BUSINESS
TRANSACTION
(3)
•APPLY MSC STATUS FOR 5/10 YEARS
TAX EXEMPTION

12. BENEFIT OF MSC
STATUS
5 YEARS
100%TAX
EXEMPTION
OR ITA
ELIGIBLE R
& D Grant
Borrow
fund
globally

13. •JOBSTREETS.COM
EXAMPLE OF
MSC CO
Example of •Excard.com.my
normal
printing co
obtain 5/10
years tax free

14. AFTER REGISTERED
CO
•ONE IMPORTANT ISSUE
TO LOOK INTO…..
GST

16. Registration is mandatory
for businesses whose
taxable turnover has
exceeded the prescribed
threshold of RM500,000.

17. Total value of taxable supplies of
any month and the previous 11
months (Historical turnover)
OR
Total value of taxable supplies of
any month and the next 11
months (Future turnover)

20. WHY GST???
Turnover>RM500k need to
register-penalty
Claim back 6%GST that you
paid included on the
purchases/expenses
Stay competitive

21. TL TAX SERVICES
SDN.BHD.
MERIT CORPORATE SERVICE
SDN. BHD.

22. Company
Incorporation
Company
Secretary
Accounts
Registration & GST
monthly
submission of
EPF,SOCSO,
PCB
Company
Strike off
Taxation
OUR
SERVICE
S

23. *