Audit · Tax · Accounting

Audit, tax and accounting for Malaysian businesses and co-operatives

We work through the audit, tax and reporting detail — under Companies Act 2016, MFRS/MPERS and LHDN requirements — so your finance function can answer to your board, bank or regulator with confidence.

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Insights

Practical guidance on audit, tax, financial reporting and governance for Malaysian businesses and co-operatives.

Compliance guide

SST 2.0 Expansion Explained: What Malaysian Service Providers Now Owe

Malaysia expanded the scope of service tax from 1 July 2025, bringing rental and leasing, construction, financial services, private healthcare and private education into the taxable net. This guide sets out which services are now taxable, current rates including the rental and leasing rate reduction from 8% to 6% effective 1 January 2026, registration thresholds, and how the business-to-business exemption operates. Service providers should confirm their own registration position against current RMCD guidance.

Trend analysis

Budget 2026 Tax Changes: What Malaysian SMEs Should Plan For

Budget 2026, tabled on 10 October 2025, introduced targeted tax relief for Malaysian SMEs rather than a change to income tax rates. Measures include an additional deduction for AI and cybersecurity training, accelerated capital allowances on ICT and machinery, a higher stamp duty exemption threshold for employment contracts, and adjustments to service tax for micro, small and medium enterprises. This article outlines what has been announced, what is confirmed by gazette or official notice, and what SMEs may wish to consider as they plan for the year ahead.

Compliance guide

E-Invoice Malaysia 2026: Which Phase Applies to Your Business Now

Malaysia's e-Invoice mandate applies in phases by annual turnover. Businesses with turnover up to RM5 million came into scope from 1 January 2026, with a conditional exemption for micro businesses under RM1 million. This guide sets out the current LHDN phase schedule, the RM10,000 individual-invoice rule, the relaxation period to 31 December 2027, and practical MyInvois readiness steps — verified against LHDN's published e-Invoice FAQ and guidelines.

How to guide

Form C Filing Deadline 2026: A Malaysian Company's Step-by-Step Guide

A practical guide to the Form C filing deadline in Malaysia for the 2026 filing programme. Covers who must file, the seven-month statutory deadline, the e-Filing period, CP204 tax estimates and revisions, the step-by-step filing process, and penalties for late submission under the Income Tax Act 1967. Written for Malaysian company directors and finance teams planning their corporate tax return with reference to LHDN's current filing rules. Verify your company's specific position with LHDN or a qualified tax adviser before relying on any date stated here.

Compliance guide

Financial Statement and Filing Deadlines Every Malaysian Sdn Bhd Should Know

A practical calendar of the statutory deadlines every Malaysian Sdn Bhd needs to track under the Companies Act 2016 — circulating financial statements, lodging them with SSM, filing the annual return, and submitting Form C to LHDN. Includes a summary table of due dates, applicable penalties for late filing, and practical tips for building your own compliance calendar. Last updated: July 2026.

Compliance guide

Transfer Pricing Documentation in Malaysia: Full or Simplified?

Malaysian companies with related party transactions must determine whether they fall under full or minimum contemporaneous transfer pricing documentation requirements under the Income Tax (Transfer Pricing) Rules 2023 and the Malaysia Transfer Pricing Guidelines 2024. This article explains the current IRB thresholds, what each documentation level requires, the contemporaneous timing rule, and the penalty exposure under section 113B of the Income Tax Act 1967 for late or inadequate documentation.

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WHAT WE DO

Services

Audit, tax, accounting and advisory services for companies and co-operatives across Malaysia.

Chartered accountant in Malaysia preparing MFRS-compliant financial statements
SERVICES

Accounting & Financial Reporting

SNCO prepares MFRS and MPERS-compliant financial statements for Malaysian businesses. Our accountants combine statutory reporting with management accounts, so directors get figures they can act on, not just figures that comply.

MIA chartered accountants in Malaysia conducting statutory audit
SERVICES

Audit & Assurance Services

Saifudin & Co provides statutory audit and assurance services under the Companies Act 2016. Our audits follow approved auditing standards (ISA) and are carried out with independence maintained throughout.

Licensed tax agent in Malaysia supporting LHDN compliance and corporate tax
SERVICES

Tax Advisory & Compliance

SNCO provides corporate tax compliance and advisory services under the Income Tax Act 1967. We handle tax computations, filings, and LHDN correspondence, with planning grounded in current tax law.

Chartered accountant in Malaysia performing valuation and financial due diligence
SERVICES

Corporate Finance & Transactions

SNCO provides business valuation and transaction advisory services for mergers, acquisitions, and corporate exercises. We apply recognised valuation methodologies suited to each transaction's structure.

Licensed liquidator in Malaysia managing corporate restructuring and insolvency
SERVICES

Corporate Restructuring & Recovery

SNCO supports businesses facing financial distress through corporate restructuring and insolvency administration. Our work follows the Companies Act 2016 framework for schemes, receivership, and winding-up.

Implementing Dynamics 365 Business Central and cloud ERP in Malaysia
SERVICES

Technology Consulting & Digital Transformation

SNCO implements cloud-based accounting and ERP systems for Malaysian businesses. We support system selection, data migration, and staff training so finance teams can rely on the new setup from day one.

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